FLOKI/USDT – 30M – SELL

The currency pair Floki/Tether (FLOKI/USDT) goes from the ascending trendline downwards

A descent downwards to the next support line at 0.000228630 is expected.

Caution: A possible change in the direction of resistance at 0.000247000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.0002450967 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of support at 0.000247000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Bearish Engulfing’ candlestick pattern is discovered. The candles show ‘Bearish Engulfing’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.

Download FLOKI/USDT Signal Image

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