FLOKI/USDT – 1H – SELL

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

A descent down to the next support level at 0.000095150 is likely expected.

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

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The currency pair is likely to fall.

And also a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 9.45488E-5 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 0.000102890 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Three Black Crows’ candle chart pattern is detected. The chart forms ‘Three Black Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

0.000102890 – 0.000097750 – 0.000104710 – 0.000095150 – 0.000095030 – 0.000091410

Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Three Black Crows – Double bottom retreat down