FLOKI/USDT – 1H – SELL

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

A continuation of the downtrend downwards to the next support line at 0.000105850 is expected.

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

Also there is a ‘RSI fall below 70’ indicator layout is detected. The indicator is ‘RSI fall below 70’. this is usually a bearish chart signal. The currency pair is likely to fall.

Also there is a ‘StochRSI fall below 80’ indicator layout is detected. The indicator is ‘StochRSI fall below 80’. this is usually a bearish chart signal. The currency pair is likely to fall.

Also there is a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Also there is a ‘Three Inside Down’ candlestick chart pattern is detected. The candles form ‘Three Inside Down’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

0.000123510 – 0.000113320 – 0.000110240 – 0.000105850 – 0.000101230 – 0.000098460 — 56.547192529558 – 52.258428251429

Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Three Inside Down – Triple bottom chart pattern – –