FLOKI/USDT – 30M – SELL

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

A continuation of the downward movement downwards to the next support level at 0.000133750 will persist.

Caution: A possible counter-trend in the direction of the resistance level at 0.000141390 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The pair is likely to go down.

Additionally a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a negative chart scenario. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 0.00013290288 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support level at 0.000141390 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Shooting Star’ candle chart pattern is detected. The candles show ‘Shooting Star’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).

0.000141390 – 0.000144250 – 0.000141920 – 0.000136430 – 0.000133750 – 0.000133520

Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Shooting Star –