FLOKI/USDT – 30M – SELLThe currency pair Floki/Tether (FLOKI/USDT) jumps from the descending trendline down.
A continuation of the downward movement down to the next support at 0.000175920 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 0.000182670 is also possible.
Consider stop-loss settings accordingly.
Then a ‘Bearish Engulfing’ chart pattern is detected. The chart forms ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000232820 |
| 2nd High | 0.000184560 |
| Next High | 0.000182670 |
| Current Price | 0.000176000 |
| Next Low | 0.000175920 |
| 2nd Low | 0.000173630 |
| 3rd Low | 0.000172780 |
Download FLOKI/USDT Signal Image
Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Bearish Engulfing