FLOKI/USDT – 4H – SELLThe pair Floki/Tether (FLOKI/USDT) goes from the descending trendline downwards
A continuation of the downtrend downwards to the next support level at 0.000069800 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 0.000079750 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair is likely to fall.
Besides a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which could be a negative signal. The currency pair could go down.
Besides a ‘Three Outside Down’ candle pattern is detected. The chart forms ‘Three Outside Down’. which is a bearish chart scenario. 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 | 0.000098390 |
| 2nd High | 0.000082010 |
| Next High | 0.000079750 |
| Current Price | 0.000073390 |
| Next Low | 0.000069800 |
| 2nd Low | 0.000059230 |
| 3rd Low |
0.000079750 – 0.000074770 – 0.000082010 – 0.000069800 – 0.000059230 – 0.000070380
Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern