FLOKI/USDT – 30M – SELL

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

A continuation of the downtrend downwards to the next support at is certain.

Caution: A possible trend reversal in the direction of resistance at 0.000098040 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The currency pair is likely to fall.

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

0.000098040 – 0.000102890 – 0.000100870 – 0.000092560 – 0.000094410 – 0.000095150

Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Two Crows – Double top chart pattern