FLOKI/USDT – 1H – SELL

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

A continuation of the bearish trend downwards to the next support line at will persist.

Caution: A possible reversal of the trend in the direction of resistance at 0.000099450 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The currency pair is likely to fall.

Moreover a ‘Three Outside Down’ chart pattern is discovered. The candles form ‘Three Outside Down’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.000099450 – 0.000099080 – 0.000108570 – 0.000096000 – 0.000095310 – 0.000093480 — 48.280676810224 – 47.521049929845

Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –