Sell FLOKI/USDT – 1H – SELL

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

A continuation of the downward movement down to the next support level at 0.000232610 is certain.

Caution: A possible trend reversal in the direction of the resistance line at 0.000265870 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is certain. Current target is 0.00026137224 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support zone at 0.000265870 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Three Black Crows’ candle pattern is existing. The candles form ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

Support & Resistance Price Range*
3rd High 0.000290000
2nd High 0.000273210
Next High 0.000265870
Current Price 0.000243240
Next Low 0.000232610
2nd Low 0.000224760
3rd Low 0.000223050

Download FLOKI/USDT Signal Image

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