FLOKI/USDT – 4H – SELLThe pair Floki/Tether (FLOKI/USDT) goes from the ascending trendline down.
A bearish movement down to the next support line at 0.000092560 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 0.000148160 should always be considered.
Consider stop-loss settings accordingly.
Additionally a ‘Last Engulfing Top’ candlestick chart pattern is detected. The candles show ‘Last Engulfing Top’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.000148160 |
| Current Price | 0.000148630 |
| Next Low | 0.000092560 |
| 2nd Low | 0.000072580 |
| 3rd Low | 0.000069800 |
0.000148160 – 0.000102890 – 0.000104710 – 0.000092560 – 0.000072580 – 0.000069800
Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Last Engulfing Top – Rising Wedge Chart Pattern