FLOKI/USDT – 1H – SELLThe pair Floki/Tether (FLOKI/USDT) moves from the bullish trendline downwards
A bearish descent down to the next support at 0.000068970 will persist.
Caution: A possible change in the direction of the resistance level at 0.000076780 could happen.
Consider stop-loss settings accordingly.
Furthermore a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.
Furthermore a ‘Three Outside Down’ chart pattern is discovered. The candles form ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000082010 |
| 2nd High | 0.000079750 |
| Next High | 0.000076780 |
| Current Price | 0.000071350 |
| Next Low | 0.000068970 |
| 2nd Low | 0.000067980 |
| 3rd Low | 0.000059230 |
0.000076780 – 0.000079750 – 0.000072120 – 0.000073790 – 0.000068970 – 0.000067980
Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Three Outside Down – Double top chart pattern