FLOKI/USDT – 1H – SELL

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

A bearish descent downwards to the next support level at 0.000105850 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.000123510 could be enabled.
Consider stop-loss settings accordingly.

Moreover a ‘RSI fall below 70’ indicator layout is existing. The indicator is ‘RSI fall below 70’. which is often a bearish chart scenario. The pair is likely to go down.

Moreover a ‘StochRSI fall below 80’ indicator layout is existing. The indicator is ‘StochRSI fall below 80’. which is often a bearish chart scenario. The pair is likely to go down.

Moreover a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.

Moreover a ‘Northern Doji’ candlestick pattern is found. The chart forms ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.000123510 – 0.000113320 – 0.000110240 – 0.000105850 – 0.000101230 – 0.000098460 — 59.00924611513 – 49.222049057801

Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Northern Doji – Symmetrical Triangle Chart Pattern – –