FLOKI/USDT – 1H – SELLThe pair Floki/Tether (FLOKI/USDT) goes from the bearish trendline downwards
A continuation of the downtrend downwards to the next support line at 0.000160410 will persist.
Caution: A possible counter-trend in the direction of resistance at 0.000206880 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Bearish Belt Hold’ candlestick pattern is found. The chart forms ‘Bearish Belt Hold’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000241900 |
| 2nd High | 0.000232820 |
| Next High | 0.000206880 |
| Current Price | 0.000160840 |
| Next Low | 0.000160410 |
| 2nd Low | |
| 3rd Low |
Download FLOKI/USDT Signal Image
Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Bearish Belt Hold