FLOKI/USDT – 4H – SELL

The combination Floki/Tether (FLOKI/USDT) jumps from the bullish trendline down.

A descent down to the next support at 0.000071820 is certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.000098390 is within the realm of possibility.
Consider stop-loss settings accordingly.

Furthermore a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which is often a bearish signal. The currency pair is likely to fall.

Furthermore a ‘Northern Doji’ candlestick chart pattern is found. The candles form ‘Northern Doji’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.000098390 – 0.000087820 – 0.000089920 – 0.000075020 – 0.000081700 – 0.000074560

Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Northern Doji