FLOKI/USDT – 30M – SELL

The pair Floki/Tether (FLOKI/USDT) moves from the bullish trendline downwards

A bearish trend downwards to the next support at 0.000216510 will persist.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.000244770 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.00021651 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.000244770 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Bearish Engulfing’ candle chart pattern is existing. The chart forms ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

Download FLOKI/USDT Signal Image

Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Bearish Engulfing