FLOKI/USDT – 1H – SELL

The combination Floki/Tether (FLOKI/USDT) goes from the bullish trendline down.

A descent downwards to the next support level at 0.000169000 is certain.

Caution: A possible counter-trend in the direction of resistance at 0.000184870 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 0.00016852 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support level at 0.000184870 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Three Outside Down’ candlestick pattern is discovered. The candles form ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

Download FLOKI/USDT Signal Image

Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Three Outside Down