FLOKI/USDT – 1H – SELLThe currency pair Floki/Tether (FLOKI/USDT) goes from the ascending trendline downwards
The bearish trend downwards to the next support line at 0.000192680 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 0.000203280 should be noted.
Consider stop-loss settings accordingly.
Additionally a ‘Bearish Engulfing’ chart pattern is found. The candles form ‘Bearish Engulfing’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000232820 |
| 2nd High | 0.000204500 |
| Next High | 0.000203280 |
| Current Price | 0.000202030 |
| Next Low | 0.000192680 |
| 2nd Low | 0.000180280 |
| 3rd Low | 0.000169320 |
Download FLOKI/USDT Signal Image
Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Bearish Engulfing