FLOKI/USDT – 1H – SELLThe combination Floki/Tether (FLOKI/USDT) moves from the bearish trendline downwards
A continuation of the downward movement down to the next support at 0.000097080 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.000104550 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Matching Low’ candle chart pattern is detected. The candles show ‘Matching Low’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000110720 |
| 2nd High | 0.000104970 |
| Next High | 0.000104550 |
| Current Price | 0.000098500 |
| Next Low | 0.000097080 |
| 2nd Low | 0.000092560 |
| 3rd Low | 0.000091410 |
0.000104550 – 0.000103670 – 0.000104970 – 0.000097080 – 0.000097130 – 0.000100160 — 32.931785108827 – 32.439771397268
Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Matching Low – Double top chart pattern – –