Then a ‘Triple top chart pattern’ chart pattern is detected. The chart picture forms ‘Triple top chart pattern’. which is a bearish chart scenario. The currency pair is likely to go down.
The currency pair Floki/Tether (FLOKI/USDT) jumps from the descending trendline down.
A continuation of the downward movement down to the next support level at 2.0E-5 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 5.0E-5 is also possible.
Consider stop-loss settings accordingly.
Then a ‘Three Black Crows’ candlestick pattern is discovered. The chart forms ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 7.0E-5 |
| 2nd High | 6.0E-5 |
| Next High | 5.0E-5 |
| Current Price | 0.000048560 |
| Next Low | 2.0E-5 |
| 2nd Low | |
| 3rd Low |
5.0E-5 – 5.0E-5 – 6.0E-5 – 5.0E-5 – 5.0E-5 – 5.0E-5 — 16.574168879312 – 16.044635377034 — 0 – 0 – 0 – 0
Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Three Black Crows – Triple top chart pattern – –