FLOKI/USDT – 1H – SELLThe combination Floki/Tether (FLOKI/USDT) jumps from the descending trendline downwards
A continuation of the downtrend downwards to the next support line at 0.000081700 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 0.000098390 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The currency pair could go down.
Then a ‘Three Black Crows’ candle pattern is existing. The chart forms ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000117920 |
| 2nd High | 0.000107750 |
| Next High | 0.000098390 |
| Current Price | 0.000076730 |
| Next Low | 0.000081700 |
| 2nd Low | 0.000081150 |
| 3rd Low | 0.000074560 |
0.000098390 – 0.000097330 – 0.000092520 – 0.000081700 – 0.000081770 – 0.000082470
Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Three Black Crows