FLOKI/USDT – 1H – SELLBesides a ‘Triple top chart pattern’ chart pattern is existing. The chart shows ‘Triple top chart pattern’. which is a negative chart scenario. The currency pair is likely to go down.
The pair Floki/Tether (FLOKI/USDT) jumps from the bearish trendline downwards
A continuation of the downward movement downwards to the next support at 0.000092560 will continue.
Caution: A possible change in the direction of resistance at 0.000124710 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Tweezers Top’ chart pattern is detected. The candles form ‘Tweezers Top’. 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 success rate of a ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000157770 |
| 2nd High | 0.000134430 |
| Next High | 0.000124710 |
| Current Price | 0.000114220 |
| Next Low | 0.000092560 |
| 2nd Low | 0.000091410 |
| 3rd Low | 0.000080050 |
0.000124710 – 0.000134430 – 0.000132200 – 0.000128610 – 0.000127880 – 0.000119830 — 39.455191951988 – 35.910343682948
Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Tweezers Top – Triple top chart pattern –