FLOKI/USDT – 1H – SELL

In addition a ‘Double top chart pattern’ chart layout is existing. 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) jumps from the bullish trendline down.

The bearish trend down to the next support level at 0.000105900 is certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.000122000 could happen.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘RSI fall below 30’ indicator layout is discovered. The indicator shows ‘RSI fall below 30’. which could be a negative chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 0.0001059 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.000122000 could happen.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Three Black Crows’ candle pattern is detected. The candles form ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

0.000122000 – 0.000124710 – 0.000134430 – 0.000105900 – 0.000128610 – 0.000127880 — 37.166892924399 – 36.055963425438

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