FLOKI/USDT – 4H – SELL

The combination Floki/Tether (FLOKI/USDT) jumps from the descending trendline downwards

A continuation of the downward movement down to the next support line at 0.000092560 is expected.

Caution: A possible trend reversal in the direction of the resistance line at 0.000134430 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The pair is likely to go down.

Then a ‘RSI cross above 30’ indicator layout is detected. The indicator is ‘RSI cross above 30’. which could be a negative chart scenario. The pair is likely to go down.

Then a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The currency pair could go down.

Then a ‘Last Engulfing Top’ candlestick chart pattern is detected. The chart shows ‘Last Engulfing Top’. 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 ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).

0.000134430 – 0.000157770 – 0.000148160 – 0.000119110 – 0.000092560 – 0.000072580 — 45.194437700341 – 40.109397420391

Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Last Engulfing Top – Rising Wedge Chart Pattern –