FLOKI/USDT – 30M – SELL

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

A continuation of the downtrend down to the next support at is expected.

Caution: A possible change in the direction of the resistance zone at 0.000132200 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The currency pair could go down.

Furthermore a ‘RSI fall below 70’ indicator signal is existing. The indicator is ‘RSI fall below 70’. this is usually a bearish chart signal. The currency pair could go down.

Furthermore a ‘Three Inside Down’ chart pattern is detected. The candles form ‘Three Inside Down’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

0.000132200 – 0.000134050 – 0.000130920 – 0.000128420 – 0.000127880 – 0.000121940 — 56.263554354633 – 52.090122792412

Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Three Inside Down – Double bottom retreat down –