FLOKI/USDT – 30M – SELL

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

A continuation of the downtrend down to the next support level at 3.0E-5 is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 4.0E-5 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The currency pair is likely to fall.

Next a ‘MACD crosses below signal’ indicator layout is existing. The indicator is ‘MACD crosses below signal’. which is often a bearish chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 3.236E-5 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of support at 4.0E-5 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Two Crows’ candlestick pattern is discovered. The candles form ‘Two Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

4.0E-5 – 4.0E-5 – 4.0E-5 – 3.0E-5 – 4.0E-5 – 4.0E-5 —
0.000035320 – 0.000035150 —
56.750240823576 – 53.09482675857 —
– —
0.00004 – 1769904000

Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Two Crows – – –