FLOKI/USDT – 1H – SELL

Moreover a ‘Symmetrical Triangle Chart Pattern’ chart formation is found. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to fall.

The currency pair Floki/Tether (FLOKI/USDT) moves from the ascending trendline downwards

A bearish trend downwards to the next support line at 0.000098460 is expected.

Caution: A possible counter-trend in the direction of the resistance level at 0.000108980 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is expected. Current target is 0.00010263 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 0.000108980 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘On Neck’ chart pattern is found. The candles form ‘On Neck’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘On Neck’ going down is 56% (Bull Market) & 58% (Bear Market).

0.000108980 – 0.000123150 – 0.000119680 – 0.000102630 – 0.000106020 – 0.000114330 — 27.850227591583 – 26.805924344225

Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – On Neck – Symmetrical Triangle Chart Pattern – –