FLOKI/USDT – 30M – SELL

Moreover a ‘Double top chart pattern’ chart formation is discovered. The chart picture shows ‘Double top chart pattern’. which is a bearish signal. The pair is likely to go down.

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

A continuation of the bearish trend downwards to the next support at 0.000135820 is considered certain.

Caution: A possible trend reversal in the direction of the resistance zone at 0.000155120 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The pair is likely to go down.

Moreover a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

Moreover a ‘Two Crows’ candle chart pattern is discovered. The chart shows ‘Two Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

0.000155120 – 0.000143420 – 0.000143310 – 0.000135820 – 0.000134090 – 0.000136430

Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Two Crows – Double top chart pattern