FLOKI/USDT – 30M – SELL

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

The bearish trend downwards to the next support at 0.000093290 is considered certain.

Caution: A possible trend reversal in the direction of resistance at 0.000102890 should always be considered.
Consider stop-loss settings accordingly.

In addition a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 9.7725E-5 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 0.000102890 should always be considered.
Consider stop-loss settings accordingly.

In addition a ‘Two Crows’ chart pattern is existing. The chart forms ‘Two Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

0.000099440 – 0.000097380 – 0.000098040 – 0.000093290 – 0.000092560 – 0.000094410

Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Two Crows – Triple bottom chart pattern