FLOKI/USDT – 1H – SELL

There is also a ‘Double bottom retreat down’ chart pattern is existing. The formation shows ‘Double bottom retreat down’. this is a bearish chart scenario. The currency pair is likely to go down.

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

A bearish descent down to the next support line at 0.000087500 is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 0.000093800 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Tweezers Top’ candle pattern is existing. The candles show ‘Tweezers Top’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

0.000093800 – 0.000092480 – 0.000094530 – 0.000087500 – 0.000090610 – 0.000087540 — 52.212346301626 – 48.286988622785

Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Tweezers Top – Double bottom retreat down – –