FLOKI/USDT – 30M – SELL

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

A continuation of the bearish trend downwards to the next support line at 0.000101170 is expected.

Caution: A possible reversal of the trend in the direction of resistance at 0.000110240 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘RSI fall below 30’ indicator signal is detected. The indicator shows ‘RSI fall below 30’. which is often a bearish signal. The currency pair is likely to fall.

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

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 0.00010117 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of support at 0.000110240 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Three Black Crows’ candle chart pattern is discovered. The candles form ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

0.000110240 – 0.000120010 – 0.000122000 – 0.000101170 – 0.000104490 – 0.000105240 — 41.461274906233 – 39.283451609247

Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Three Black Crows – Triple top chart pattern –