FLOKI/USDT – 30M – SELLThe currency pair Floki/Tether (FLOKI/USDT) moves from the bearish trendline down.
A continuation of the downward movement down to the next support at 0.000170140 is expected.
Caution: A possible counter-trend in the direction of the resistance line at 0.000232820 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Bearish Engulfing’ candlestick pattern is detected. The candles form ‘Bearish Engulfing’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000259000 |
| 2nd High | 0.000241900 |
| Next High | 0.000232820 |
| Current Price | 0.000170560 |
| Next Low | 0.000170140 |
| 2nd Low | 0.000170000 |
| 3rd Low | 0.000164520 |
Download FLOKI/USDT Signal Image
Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Bearish Engulfing