FLOKI/USDT – 1H – SELL

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

A continuation of the downward movement down to the next support level at 0.000087500 will persist.

Caution: A possible counter-trend in the direction of the resistance zone at 0.000093800 should be noted.
Consider stop-loss settings accordingly.

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The pair is likely to go down.

In addition a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which could be a negative chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 8.85018E-5 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support level at 0.000093800 should be noted.
Consider stop-loss settings accordingly.

In addition a ‘Southern Doji’ chart pattern is discovered. The chart shows ‘Southern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

0.000093800 – 0.000092480 – 0.000094530 – 0.000087500 – 0.000090610 – 0.000087540 — 44.040628134236 – 43.877049506716

Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Southern Doji – Rising Wedge Chart Pattern – –