FLOKI/USDT – 30M – SELL

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

A continuation of the downward movement downwards to the next support at 0.000106290 will persist.

Caution: A possible change in the direction of the resistance zone at 0.000110240 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘StochRSI cross above 20’ indicator layout is detected. The indicator is ‘StochRSI cross above 20’. which could be a positive chart scenario. The pair is likely to go up.

Also there is a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.00010733768 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of support at 0.000110240 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Three Inside Down’ candlestick chart pattern is found. The chart shows ‘Three Inside Down’. this is a bearish 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 ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

0.000110080 – 0.000108620 – 0.000103890 – 0.000106290 – 0.000098460 – 0.000102660 — 56.036799463404 – 49.505826219965

Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Three Inside Down – Rising Wedge Chart Pattern – –