Besides a ‘Symmetrical Triangle Chart Pattern’ chart pattern is discovered. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to fall.
The combination Floki/Tether (FLOKI/USDT) jumps from the bullish trendline down.
A bearish trend downwards to the next support line at 0.000094250 is expected.
Caution: A possible change in the direction of the resistance level at 0.000101930 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Three Inside Down’ candle chart pattern is detected. The chart shows ‘Three Inside Down’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000107750 |
| 2nd High | 0.000104710 |
| Next High | 0.000101930 |
| Current Price | 0.000094960 |
| Next Low | 0.000094250 |
| 2nd Low | 0.000080050 |
| 3rd Low | 0.000073130 |
0.000101930 – 0.000104710 – 0.000089790 – 0.000094250 – 0.000080050 – 0.000073130
Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Three Inside Down – Symmetrical Triangle Chart Pattern