FLOKI/USDT – 1H – SELL

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

A descending movement down to the next support line at 0.000094250 will continue.

Caution: A possible change in the direction of the resistance zone at 0.000104710 could occur.
Consider stop-loss settings accordingly.

Then a ‘Three Outside Down’ candle chart pattern is found. The candles show ‘Three Outside Down’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.000104710 – 0.000089790 – 0.000081630 – 0.000094250 – 0.000080050 – 0.000072580

Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Three Outside Down –