FLOKI/USDT – 30M – SELLThe pair Floki/Tether (FLOKI/USDT) jumps from the bearish trendline downwards
A continuation of the downtrend downwards to the next support line at 0.000173540 is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.000184870 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Bearish Engulfing’ candlestick chart pattern is detected. The candles form ‘Bearish Engulfing’. which is a negative chart scenario. The currency pair is likely to fall. 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 | 0.000241900 |
| 2nd High | 0.000232820 |
| Next High | 0.000184870 |
| Current Price | 0.000173960 |
| Next Low | 0.000173540 |
| 2nd Low | 0.000172680 |
| 3rd Low | 0.000171390 |
Download FLOKI/USDT Signal Image
Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Bearish Engulfing