The combination Floki/Tether (FLOKI/USDT) jumps from the ascending trendline downwards

A bearish trend downwards to the next support level at 5.0E-5 is likely expected.

Caution: A possible change in the direction of resistance at 6.0E-5 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Northern Doji’ chart pattern is existing. The candles show ‘Northern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

6.0E-5 – 6.0E-5 – 5.0E-5 – 5.0E-5 – 5.0E-5 – 5.0E-5 — 44.345997809833 – 42.093065338235 — 54.451486709583 – 57.161828906887 – 40.034715137122 – 50.027289259073

Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Northern Doji – Double top chart pattern – –

The combination Floki/Tether (FLOKI/USDT) moves from the ascending trendline downwards

A bearish trend downwards to the next support at is certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 6.0E-5 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The currency pair is likely to fall.

Furthermore a ‘%K fall below 80’ indicator layout is found. The indicator is ‘%K fall below 80’. which could be a negative chart signal. The currency pair is likely to fall.

Furthermore a ‘Three Black Crows’ candle pattern is discovered. The candles form ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

6.0E-5 – 6.0E-5 – 5.0E-5 – 5.0E-5 – 5.0E-5 – 5.0E-5 — 42.01484066835 – 38.090158410459 — 1.9667706466671 – 0 – 3.9572770804602 – 1.3111804311114

Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –