FLOKI/USDT – 4H – SELL

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

A continuation of the downtrend down to the next support level at is certain.

Caution: A possible reversal of the trend in the direction of resistance at 0.000124070 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 0.00010694892 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.000124070 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Three Black Crows’ chart pattern is discovered. The candles show ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

0.000124070 – 0.000113320 – 0.000122000 – 0.000106020 – 0.000101230 – 0.000098460 — 47.279984788907 – 39.487244952874

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