Then a ‘Symmetrical Triangle Chart Pattern’ chart layout is detected. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to go down.
The combination Floki/Tether (FLOKI/USDT) jumps from the ascending trendline downwards
A bearish movement downwards to the next support at 0.000094250 will continue.
Caution: A possible counter-trend in the direction of the resistance level at 0.000101930 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Three Inside Down’ candle pattern is discovered. The candles form ‘Three Inside Down’. which is a bearish chart scenario. The currency pair is likely to fall. 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