FLOKI/USDT – 30M – SELLThe currency pair Floki/Tether (FLOKI/USDT) moves from the descending trendline down.
A continuation of the bearish trend downwards to the next support level at 0.000232940 is expected.
Caution: A possible change in the direction of the resistance line at 0.000249580 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Bearish Engulfing’ candlestick pattern is detected. The candles show ‘Bearish Engulfing’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000284080 |
| 2nd High | 0.000254250 |
| Next High | 0.000249580 |
| Current Price | 0.000240910 |
| Next Low | 0.000232940 |
| 2nd Low | 0.000207250 |
| 3rd Low | 0.000206840 |
Download FLOKI/USDT Signal Image
Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Bearish Engulfing