FLOKI/USDT – 30M – SELL

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

A descent down to the next support at 0.000104490 is considered certain.

Caution: A possible trend reversal in the direction of the resistance line at 0.000110240 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘RSI fall below 30’ indicator signal is existing. The indicator is ‘RSI fall below 30’. this is usually a bearish chart signal. The currency pair is likely to fall.

Furthermore a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. this is usually a bearish chart signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Current target is 0.00010449 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support zone at 0.000110240 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Three Black Crows’ chart pattern is found. The chart forms ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

0.000110240 – 0.000120010 – 0.000122000 – 0.000104490 – 0.000105240 – 0.000106770 — 34.519919520905 – 33.554772553317

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