FLOKI/USDT – 1H – SELL

The pair Floki/Tether (FLOKI/USDT) goes from the bearish trendline downwards

A continuation of the downtrend downwards to the next support level at 0.000101230 is likely expected.

Caution: A possible change in the direction of resistance at 0.000108980 should be noted.
Consider stop-loss settings accordingly.

Additionally a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. this is usually a bearish chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.00010263 at the Fibonacci level 0-Level. Caution: A possible change in the direction of support at 0.000108980 should be noted.
Consider stop-loss settings accordingly.

Additionally a ‘On Neck’ candlestick chart pattern is found. The chart shows ‘On Neck’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘On Neck’ heading down is 56% (Bull Market) & 58% (Bear Market).

0.000108980 – 0.000123150 – 0.000119680 – 0.000102630 – 0.000106020 – 0.000114330 — 33.471550099892 – 32.449609565523

Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – On Neck – Rising Wedge Chart Pattern – –