In addition a ‘Symmetrical Triangle Chart Pattern’ chart layout is existing. The chart forms ‘Symmetrical Triangle Chart Pattern’. which is a negative chart scenario. The currency pair is likely to go down.
The pair Floki/Tether (FLOKI/USDT) goes from the ascending trendline down.
A bearish movement down to the next support level at 0.000093250 is likely expected.
Caution: A possible trend reversal in the direction of the resistance level at 0.000101930 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. this is usually a bearish chart signal. The pair is likely to go down.
In addition a ‘Three Black Crows’ candle chart pattern is discovered. The chart forms ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000107750 |
| 2nd High | 0.000104710 |
| Next High | 0.000101930 |
| Current Price | 0.000092780 |
| Next Low | 0.000093250 |
| 2nd Low | 0.000080050 |
| 3rd Low | 0.000073130 |
0.000101930 – 0.000104710 – 0.000089790 – 0.000093250 – 0.000094250 – 0.000080050
Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern