FLOKI/USDT – 30M – SELL

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

The bearish trend downwards to the next support level at 0.000105850 will continue.

Caution: A possible change in the direction of the resistance zone at 0.000108490 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘RSI fall below 70’ indicator layout is discovered. The indicator is ‘RSI fall below 70’. this is usually a bearish chart scenario. The pair is likely to go down.

Then a ‘StochRSI fall below 80’ indicator layout is discovered. The indicator is ‘StochRSI fall below 80’. this is usually a bearish chart scenario. The pair is likely to go down.

Then a ‘Three Outside Down’ chart pattern is detected. The chart forms ‘Three Outside Down’. 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 likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.000108490 – 0.000108110 – 0.000106250 – 0.000105850 – 0.000102810 – 0.000101230 — 70.639287344803 – 63.372582207279

Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Three Outside Down – – –