FLOKI/USDT – 30M – SELL

The pair Floki/Tether (FLOKI/USDT) moves from the descending trendline down.

A continuation of the downtrend down to the next support level at 0.000097250 is expected.

Caution: A possible change in the direction of the resistance level at 0.000099450 is also possible.
Consider stop-loss settings accordingly.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair could go down.

Next a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.

Next a ‘Three Outside Down’ candle pattern is existing. The candles show ‘Three Outside Down’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.000099450 – 0.000099170 – 0.000098080 – 0.000097250 – 0.000095310 – 0.000095470 — 49.029739005086 – 39.464090478808

Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Three Outside Down – Double top chart pattern – –