FLOKI/USDT – 1H – SELLThe pair Floki/Tether (FLOKI/USDT) jumps from the bullish trendline downwards
A bearish trend down to the next support level at 0.000093250 is certain.
Caution: A possible counter-trend in the direction of resistance at 0.000104710 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Matching Low’ candlestick pattern is existing. The chart shows ‘Matching Low’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000117920 |
| 2nd High | 0.000107750 |
| Next High | 0.000104710 |
| Current Price | 0.000093920 |
| Next Low | 0.000093250 |
| 2nd Low | 0.000080050 |
| 3rd Low | 0.000072580 |
0.000104710 – 0.000089790 – 0.000081630 – 0.000093250 – 0.000080050 – 0.000072580
Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Matching Low – Double top retreat up