FLOKI/USDT – 30M – SELLThe currency pair Floki/Tether (FLOKI/USDT) moves from the bearish trendline downwards
A continuation of the downward movement down to the next support at 0.000166390 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 0.000232820 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Bearish Engulfing’ candle pattern is existing. The candles form ‘Bearish Engulfing’. which is a bearish pattern signal. 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 | 0.000259000 |
| 2nd High | 0.000241900 |
| Next High | 0.000232820 |
| Current Price | 0.000166450 |
| Next Low | 0.000166390 |
| 2nd Low | 0.000164520 |
| 3rd Low | 0.000138620 |
Download FLOKI/USDT Signal Image
Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Bearish Engulfing