FLOKI/USDT – 1H – SELL

The combination Floki/Tether (FLOKI/USDT) moves from the descending trendline down.

A continuation of the bearish trend down to the next support line at 0.000092560 will persist.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.000102890 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Current target is 9.806E-5 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.000102890 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Last Engulfing Top’ candlestick chart pattern is found. The candles form ‘Last Engulfing Top’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).

0.000102890 – 0.000097750 – 0.000104710 – 0.000092560 – 0.000095150 – 0.000095030

Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Last Engulfing Top – Triple bottom chart pattern