FLOKI/USDT – 1H – SELL

Besides a ‘Double top chart pattern’ chart pattern is discovered. The formation shows ‘Double top chart pattern’. which is a negative signal. The currency pair is likely to go down.

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

A continuation of the downward movement downwards to the next support level at 0.000134090 is expected.

Caution: A possible trend reversal in the direction of the resistance level at 0.000157770 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘RSI fall below 30’ indicator layout is existing. The indicator shows ‘RSI fall below 30’. which is often a bearish chart signal. The currency pair could go down.

Besides a ‘Three Black Crows’ candlestick chart pattern is existing. The chart forms ‘Three Black Crows’. this 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 ‘Three Black Crows’ going down is 82%.

0.000157770 – 0.000155120 – 0.000145920 – 0.000137800 – 0.000135820 – 0.000134090

Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Three Black Crows – Double top chart pattern –