FLOKI/USDT – 1H – SELLThe pair Floki/Tether (FLOKI/USDT) jumps from the descending trendline downwards
A continuation of the downtrend downwards to the next support at 0.000207250 is expected.
Caution: A possible counter-trend in the direction of resistance at 0.000234830 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Bearish Engulfing’ chart pattern is detected. The chart shows ‘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 | 0.000244770 |
| 2nd High | 0.000238070 |
| Next High | 0.000234830 |
| Current Price | 0.000230390 |
| Next Low | 0.000207250 |
| 2nd Low | 0.000203510 |
| 3rd Low | 0.000138620 |
Download FLOKI/USDT Signal Image
Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Bearish Engulfing