FLOKI/USDT – 1H – SELL

There is also a ‘Double top chart pattern’ chart layout is existing. The chart shows ‘Double top chart pattern’. this is a bearish signal. The currency pair is likely to fall.

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

A continuation of the downward movement downwards to the next support at 0.000105900 is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 0.000122000 is within the realm of possibility.
Consider stop-loss settings accordingly.

There is also a ‘RSI fall below 30’ indicator signal is found. The indicator shows ‘RSI fall below 30’. which is often a bearish chart scenario. The currency pair could go down.

There is also a ‘Three Black Crows’ chart pattern is detected. The candles show ‘Three Black Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

0.000122000 – 0.000124710 – 0.000134430 – 0.000105900 – 0.000128610 – 0.000127880 — 38.934003958723 – 35.513630419602

Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Three Black Crows – Double top chart pattern –