FLOKI/USDT – 30M – SELL

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

A continuation of the downtrend down to the next support at 0.000134090 is considered certain.

Caution: A possible trend reversal in the direction of the resistance zone at 0.000143310 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The pair is likely to go down.

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

Moreover a ‘Last Engulfing Top’ candlestick pattern is discovered. The chart forms ‘Last Engulfing Top’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).

0.000143310 – 0.000145920 – 0.000141390 – 0.000134090 – 0.000136430 – 0.000133750

Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Last Engulfing Top – Rising Wedge Chart Pattern