FLOKI/USDT – 30M – SELL

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

A descent down to the next support at 0.000128610 is likely expected.

Caution: A possible reversal of the trend in the direction of resistance at 0.000133790 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘RSI fall below 70’ indicator signal is detected. The indicator shows ‘RSI fall below 70’. which could be a negative signal. The currency pair could go down.

Then a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is likely expected. Current target is 0.00013284518 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.000133790 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Northern Doji’ candlestick chart pattern is discovered. The chart shows ‘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 chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.000133790 – 0.000133750 – 0.000132200 – 0.000128610 – 0.000129050 – 0.000129050 — 61.075614786672 – 48.733383798814

Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Northern Doji – Head and Shoulder chart pattern –