FLOKI/USDT – 1H – SELL

The pair Floki/Tether (FLOKI/USDT) jumps from the ascending trendline down.

A bearish descent downwards to the next support line at 0.000221170 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.000241900 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 0.00022117 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.000241900 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Evening Star’ candlestick pattern is detected. The chart forms ‘Evening Star’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Evening Star’ heading down is 72% (Bull & Bear Market).

Download FLOKI/USDT Signal Image

Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Evening Star