FLOKI/USDT – 30M – SELLThe currency pair Floki/Tether (FLOKI/USDT) jumps from the ascending trendline downwards
A bearish trend downwards to the next support level at 0.000087980 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 0.000092520 is within the realm of possibility.
Consider stop-loss settings accordingly.
Additionally a ‘Three Outside Down’ candle chart pattern is detected. The chart forms ‘Three Outside Down’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000107750 |
| 2nd High | 0.000093080 |
| Next High | 0.000092520 |
| Current Price | 0.000093130 |
| Next Low | 0.000087980 |
| 2nd Low | 0.000081700 |
| 3rd Low | 0.000081150 |
0.000092520 – 0.000085460 – 0.000084410 – 0.000087980 – 0.000081700 – 0.000081770
Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Three Outside Down