FLOKI/USDT – 4H – SELL

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

A continuation of the downward movement down to the next support line at 0.000092560 is likely expected.

Caution: A possible trend reversal in the direction of the resistance line at 0.000134430 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘RSI cross above 30’ indicator signal is detected. The indicator shows ‘RSI cross above 30’. which could be a positive chart scenario. The currency pair could go up.

And also a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. this is usually a bearish signal. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 8.862558E-5 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 0.000134430 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Three Black Crows’ candle pattern is found. The candles show ‘Three Black Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

0.000134430 – 0.000157770 – 0.000148160 – 0.000119110 – 0.000092560 – 0.000072580 — 39.806255202759 – 35.788313298364

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