FLOKI/USDT – 30M – SELL

Moreover a ‘Double bottom retreat down’ chart layout is found. The formation shows ‘Double bottom retreat down’. this is a bearish chart scenario. The pair is likely to go down.

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

A bearish movement down to the next support at will continue.

Caution: A possible trend reversal in the direction of the resistance zone at 0.000071950 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The currency pair could go down.

Moreover a ‘Three Black Crows’ chart pattern is discovered. The chart shows ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

0.000071950 – 0.000071160 – 0.000073450 – 0.000069360 – 0.000068520 – 0.000067980

Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Three Black Crows – Double bottom retreat down