FLOKI/USDT – 1H – SELLThe combination Floki/Tether (FLOKI/USDT) jumps from the ascending trendline down.
A bearish movement downwards to the next support line at 0.000080050 is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 0.000104710 is within the realm of possibility.
Consider stop-loss settings accordingly.
In addition a ‘Tweezers Top’ candle chart pattern is existing. The candles form ‘Tweezers Top’. which 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 ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000117920 |
| 2nd High | 0.000107750 |
| Next High | 0.000104710 |
| Current Price | 0.000096130 |
| Next Low | 0.000080050 |
| 2nd Low | 0.000072580 |
| 3rd Low | 0.000069800 |
0.000104710 – 0.000089790 – 0.000081630 – 0.000080050 – 0.000072580 – 0.000076120
Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Tweezers Top –