FLOKI/USDT – 30M – SELL

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

A continuation of the downward movement downwards to the next support line at 0.000106290 is considered certain.

Caution: A possible counter-trend in the direction of the resistance zone at 0.000112260 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘StochRSI fall below 80’ indicator signal is discovered. The indicator shows ‘StochRSI fall below 80’. which is often a bearish signal. The currency pair is likely to fall.

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

Moreover a ‘Matching Low’ candle chart pattern is existing. The chart shows ‘Matching Low’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.000112260 – 0.000110080 – 0.000108620 – 0.000106290 – 0.000098460 – 0.000102660 — 48.874395670664 – 48.431228955439

Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Matching Low – Triple top chart pattern – –