FLOKI/USDT – 1H – SELL

The pair Floki/Tether (FLOKI/USDT) moves from the bearish trendline down.

A continuation of the downtrend down to the next support line at will continue.

Caution: A possible reversal of the trend in the direction of resistance at 0.000119680 should be noted.
Consider stop-loss settings accordingly.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.00011265 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.000119680 should be noted.
Consider stop-loss settings accordingly.

Additionally a ‘Three Black Crows’ candle chart pattern is found. The chart forms ‘Three Black Crows’. which is a negative 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’ going down is 82%.

0.000119680 – 0.000123200 – 0.000124070 – 0.000106020 – 0.000114330 – 0.000105850 — 47.656992364117 – 41.74869361591

Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Three Black Crows – Triple bottom chart pattern – –