Sell FLOKI/USDT – 1H – SELL

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

A bearish descent down to the next support at 0.000168520 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.000184870 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Three Black Crows’ candlestick chart pattern is discovered. The candles show ‘Three Black Crows’. which 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 Black Crows’ going down is 82%.

Support & Resistance Price Range*
3rd High 0.000241900
2nd High 0.000232820
Next High 0.000184870
Current Price 0.000171020
Next Low 0.000168520
2nd Low 0.000165220
3rd Low 0.000163020

Download FLOKI/USDT Signal Image

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