FLOKI/USDT – 4H – SELL

The currency pair Floki/Tether (FLOKI/USDT) goes from the bullish trendline downwards

A bearish movement downwards to the next support level at 0.000092560 is expected.

Caution: A possible trend reversal in the direction of the resistance level at 0.000148160 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is expected. Current target is 0.00012717252 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support zone at 0.000148160 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

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

0.000148160 – 0.000102890 – 0.000104710 – 0.000092560 – 0.000072580 – 0.000069800

Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Two Crows – Rising Wedge Chart Pattern –