FLOKI/USDT – 4H – SELL

The pair Floki/Tether (FLOKI/USDT) jumps from the bullish trendline down.

A bearish trend down to the next support level at 0.000087500 will continue.

Caution: A possible counter-trend in the direction of the resistance level at 0.000110970 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The pair is likely to go down.

There is also a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 9.144576E-5 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support line at 0.000110970 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Three Outside Down’ candle pattern is detected. The candles form ‘Three Outside Down’. this is a bearish pattern signal. 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’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.000110970 – 0.000100040 – 0.000093800 – 0.000087500 – 0.000086130 – 0.000090550 — 41.197544219635 – 36.807463194166

Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –