FLOKI/USDT – 4H – SELLThe currency pair Floki/Tether (FLOKI/USDT) moves from the ascending trendline down.
A descending movement down to the next support level at 0.000087500 is likely expected.
Caution: A possible change in the direction of the resistance zone at 0.000111380 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Matching Low’ candlestick chart pattern is found. The chart shows ‘Matching Low’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000124070 |
| 2nd High | 0.000123150 |
| Next High | 0.000111380 |
| Current Price | 0.000104310 |
| Next Low | 0.000087500 |
| 2nd Low | 0.000086130 |
| 3rd Low | 0.000072580 |
0.000100040 – 0.000093800 – 0.000096180 – 0.000087500 – 0.000086130 – 0.000090550 — 57.465560904798 – 56.679323698398
Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Matching Low – Triple bottom chart pattern – –