FLOKI/USDT – 1H – SELLThe pair Floki/Tether (FLOKI/USDT) moves from the ascending trendline down.
A bearish movement down to the next support at 0.000137800 is expected.
Caution: A possible trend reversal in the direction of the resistance line at 0.000155120 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Two Crows’ candlestick pattern is existing. The chart shows ‘Two Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.000155120 |
| Current Price | 0.000149920 |
| Next Low | 0.000137800 |
| 2nd Low | 0.000135820 |
| 3rd Low | 0.000134090 |
0.000155120 – 0.000145920 – 0.000144250 – 0.000137800 – 0.000135820 – 0.000134090
Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Two Crows –