FLOKI/USDT – 1H – SELL

The currency pair Floki/Tether (FLOKI/USDT) moves from the descending trendline downwards

A continuation of the downward movement down to the next support level at 0.000114330 is likely expected.

Caution: A possible counter-trend in the direction of the resistance zone at 0.000124070 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘RSI fall below 70’ indicator signal is detected. The indicator shows ‘RSI fall below 70’. which could be a negative chart signal. The pair is likely to go down.

Moreover a ‘StochRSI fall below 80’ indicator signal is detected. The indicator shows ‘StochRSI fall below 80’. which could be a negative chart signal. The pair is likely to go down.

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

Moreover a ‘Two Crows’ candle chart pattern is existing. The chart shows ‘Two Crows’. 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 success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.000124070 – 0.000123510 – 0.000113320 – 0.000114330 – 0.000105850 – 0.000101230 — 60.327250670538 – 55.255825623724

Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Two Crows – – –