FLOKI/USDT – 30M – SELL

The pair Floki/Tether (FLOKI/USDT) jumps from the bearish trendline down.

A continuation of the bearish trend down to the next support level at 0.000074560 is expected.

Caution: A possible change in the direction of the resistance level at 0.000076730 is within the realm of possibility.
Consider stop-loss settings accordingly.

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

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is expected. Current target is 7.531E-5 at the Fibonacci level 0-Level. Caution: A possible change in the direction of support at 0.000076730 is within the realm of possibility.
Consider stop-loss settings accordingly.

Moreover a ‘Matching Low’ candlestick chart pattern is found. The candles form ‘Matching Low’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.000076730 – 0.000082010 – 0.000081650 – 0.000075310 – 0.000079530 – 0.000076260

Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Matching Low