FLOKI/USDT – 30M – SELLThe pair Floki/Tether (FLOKI/USDT) goes from the ascending trendline down.
A bearish trend downwards to the next support at 0.000225420 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 0.000246700 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Bearish Engulfing’ chart pattern is discovered. The chart shows ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000270220 |
| 2nd High | 0.000260150 |
| Next High | 0.000246700 |
| Current Price | 0.000266170 |
| Next Low | 0.000225420 |
| 2nd Low | 0.000214280 |
| 3rd Low | 0.000203590 |
Download FLOKI/USDT Signal Image
Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Bearish Engulfing