FLOKI/USDT – 1H – SELL

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

A continuation of the bearish trend downwards to the next support level at is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.000103520 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The pair is likely to go down.

Moreover a ‘Three Inside Down’ candlestick pattern is detected. The candles show ‘Three Inside Down’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

0.000103520 – 0.000102990 – 0.000099150 – 0.000095000 – 0.000094670 – 0.000093650 — 56.471902155655 – 52.209566467541

Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Three Inside Down – – –