FLOKI/USDT – 4H – SELLThe currency pair Floki/Tether (FLOKI/USDT) jumps from the ascending trendline down.
A bearish descent downwards to the next support line at will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 6.0E-5 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair is likely to fall.
And also a ‘Three Inside Down’ candle pattern is found. The candles form ‘Three Inside Down’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 8.0E-5 |
| 2nd High | 7.0E-5 |
| Next High | 6.0E-5 |
| Current Price | 0.000051060 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
6.0E-5 – 5.0E-5 – 6.0E-5 – 5.0E-5 – 5.0E-5 – 5.0E-5 — 45.462356408423 – 42.011675124786 — 13.931321090724 – 10.283655528376 – 25.893138476514 – 16.338643410449
Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Three Inside Down – Double bottom retreat down – –