FLOKI/USDT – 30M – SELLThe currency pair Floki/Tether (FLOKI/USDT) moves from the bullish trendline downwards
The bearish trend down to the next support line at 0.000243770 will continue.
Caution: A possible counter-trend in the direction of the resistance level at 0.000265780 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Bearish Engulfing’ candlestick chart pattern is found. The candles form ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to go down. 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 | 0.000290000 |
| 2nd High | 0.000269280 |
| Next High | 0.000265780 |
| Current Price | 0.000246480 |
| Next Low | 0.000243770 |
| 2nd Low | 0.000225420 |
| 3rd Low | 0.000214280 |
Download FLOKI/USDT Signal Image
Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Bearish Engulfing