FLOKI/USDT – 30M – SELL

Next a ‘Double top chart pattern’ chart formation is discovered. The formation shows ‘Double top chart pattern’. this is a bearish chart scenario. The currency pair is likely to fall.

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

A continuation of the bearish trend down to the next support line at 0.000135820 is considered certain.

Caution: A possible reversal of the trend in the direction of resistance at 0.000155120 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The pair is likely to go down.

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

Next a ‘Two Crows’ candlestick chart pattern is detected. The chart shows ‘Two Crows’. which is a bearish pattern signal. The currency pair is likely to go down. 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).

0.000155120 – 0.000143420 – 0.000143310 – 0.000135820 – 0.000134090 – 0.000136430

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