FLOKI/USDT – 1H – SELLThe pair Floki/Tether (FLOKI/USDT) moves from the bearish trendline downwards
A continuation of the bearish trend down to the next support at 0.000225340 is likely expected.
Caution: A possible trend reversal in the direction of the resistance level at 0.000238070 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Bearish Engulfing’ candle pattern is detected. The chart forms ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000265990 |
| 2nd High | 0.000244770 |
| Next High | 0.000238070 |
| Current Price | 0.000226240 |
| Next Low | 0.000225340 |
| 2nd Low | 0.000216370 |
| 3rd Low | 0.000203510 |
Download FLOKI/USDT Signal Image
Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Bearish Engulfing