FLOKI/USDT – 1H – SELLThe currency pair Floki/Tether (FLOKI/USDT) jumps from the descending trendline down.
A continuation of the downtrend downwards to the next support at 5.0E-5 will persist.
Caution: A possible change in the direction of the resistance level at 0.000052580 could occur.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Identical 3 Crows’ candlestick chart pattern is discovered. The candles show ‘Identical 3 Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Identical 3 Crows’ going down is 79% (Bull Market) & 72% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 6.0E-5 |
| Next High | 0.000052580 |
| Current Price | 0.000051290 |
| Next Low | 5.0E-5 |
| 2nd Low | 4.0E-5 |
| 3rd Low | 2.0E-5 |
0.000052580 – 5.0E-5 – 5.0E-5 – 5.0E-5 – 6.0E-5 – 6.0E-5 — 38.53842633533 – 34.792939831726 — 42.84166849031 – 15.624414903576 – 60.415500253089 – 42.548984806067
Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Identical 3 Crows – Rising Wedge Chart Pattern – –