FLOKI/USDT – 1H – SELL

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

A continuation of the downward movement downwards to the next support line at 0.000070380 will continue.

Caution: A possible counter-trend in the direction of the resistance zone at 0.000076320 could happen.
In the case of a trade, always set appropriate stop-loss settings.

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

Besides a ‘Three Inside Down’ candle chart pattern is found. The candles show ‘Three Inside Down’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

0.000076320 – 0.000076530 – 0.000082010 – 0.000072940 – 0.000070380 – 0.000071600

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