FLOKI/USDT – 4H – SELL

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

A continuation of the downtrend down to the next support at 0.000086130 is likely expected.

Caution: A possible change in the direction of the resistance zone at 0.000096180 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which could be a negative chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 8.613E-5 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support zone at 0.000096180 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Three Black Crows’ candlestick chart pattern is discovered. The candles form ‘Three Black Crows’. which 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 Black Crows’ heading down is 82%.

0.000096180 – 0.000099450 – 0.000111380 – 0.000086130 – 0.000090550 – 0.000092130 — 46.097941008029 – 41.730609170598

Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Three Black Crows – Double top retreat up – –