FLOKI/USDT – 30M – SELLThe pair Floki/Tether (FLOKI/USDT) moves from the ascending trendline downwards
A bearish descent down to the next support level at 0.000075050 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 0.000081630 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair could go down.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 7.212E-5 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of support at 0.000081630 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Three Black Crows’ candlestick chart pattern is found. The candles show ‘Three Black Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000088600 |
| 2nd High | 0.000082010 |
| Next High | 0.000081630 |
| Current Price | 0.000073680 |
| Next Low | 0.000075050 |
| 2nd Low | 0.000072120 |
| 3rd Low | 0.000069800 |
0.000081630 – 0.000081490 – 0.000079900 – 0.000075050 – 0.000076120 – 0.000077620
Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern