Also there is a ‘Symmetrical Triangle Chart Pattern’ chart layout is discovered. The chart forms ‘Symmetrical Triangle Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to fall.
The combination Floki/Tether (FLOKI/USDT) moves from the ascending trendline downwards
A bearish descent downwards to the next support level at 0.000129710 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.000144630 should be noted.
Consider stop-loss settings accordingly.
Also there is a ‘Three Inside Down’ chart pattern is detected. The candles form ‘Three Inside Down’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.000148160 |
| Next High | 0.000144630 |
| Current Price | 0.000137180 |
| Next Low | 0.000129710 |
| 2nd Low | 0.000128310 |
| 3rd Low | 0.000124720 |
0.000144630 – 0.000148160 – 0.000137850 – 0.000129710 – 0.000128310 – 0.000124720
Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Three Inside Down – Symmetrical Triangle Chart Pattern