FLOKI/USDT – 30M – SELL

The currency pair Floki/Tether (FLOKI/USDT) goes from the ascending trendline down.

A descending movement downwards to the next support line at is considered certain.

Caution: A possible counter-trend in the direction of the resistance level at 0.000098390 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The currency pair could go down.

Next a ‘Two Crows’ chart pattern is discovered. The chart shows ‘Two Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

0.000098390 – 0.000097330 – 0.000094990 – 0.000092020 – 0.000092980 – 0.000087980

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