FLOKI/USDT – 30M – SELL

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

A continuation of the downtrend downwards to the next support at 0.000093290 is considered certain.

Caution: A possible counter-trend in the direction of the resistance line at 0.000108000 is within the realm of possibility.
Consider stop-loss settings accordingly.

And also a ‘RSI fall below 30’ indicator layout is detected. The indicator shows ‘RSI fall below 30’. which could be a negative chart scenario. The currency pair could go down.

And also a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a negative chart signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.00010117 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support line at 0.000108000 is within the realm of possibility.
Consider stop-loss settings accordingly.

And also a ‘Two Crows’ candle pattern is found. 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 success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

0.000108000 – 0.000110240 – 0.000120010 – 0.000102660 – 0.000101170 – 0.000104490 — 32.167050402313 – 30.798332824622

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