FLOKI/USDT – 1H – SELL

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

A continuation of the downward movement down to the next support line at 0.000127880 is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 0.000132200 is within the realm of possibility.
Consider stop-loss settings accordingly.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The currency pair is likely to fall.

Next a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.000126615 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 0.000132200 is within the realm of possibility.
Consider stop-loss settings accordingly.

Next a ‘Matching Low’ candlestick chart pattern is existing. The chart forms ‘Matching Low’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.000132200 – 0.000134050 – 0.000130920 – 0.000127880 – 0.000119830 – 0.000119110 — 48.780150844718 – 47.786060430112

Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Matching Low – Double bottom retreat down –