FLOKI/USDT – 30M – 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 combination Floki/Tether (FLOKI/USDT) moves from the ascending trendline downwards

A bearish movement down to the next support level at 0.000095630 is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 0.000098820 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair could go down.

Moreover a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. this is usually a bearish chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 9.56852E-5 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support line at 0.000098820 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Matching Low’ chart pattern is detected. The candles show ‘Matching Low’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.000098820 – 0.000100040 – 0.000098830 – 0.000095630 – 0.000094340 – 0.000096370 — 41.076879151682 – 40.157863272462

Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Matching Low – Symmetrical Triangle Chart Pattern – –