FLOKI/USDT – 30M – SELLThe pair Floki/Tether (FLOKI/USDT) goes from the descending trendline down.
A continuation of the downtrend down to the next support line at 0.000126240 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.000135250 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Tweezers Top’ candlestick chart pattern is detected. The chart forms ‘Tweezers Top’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.000157770 |
| Next High | 0.000135250 |
| Current Price | 0.000126990 |
| Next Low | 0.000126240 |
| 2nd Low | 0.000124720 |
| 3rd Low | 0.000123000 |
0.000135250 – 0.000157770 – 0.000155120 – 0.000126240 – 0.000138670 – 0.000137800
Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Tweezers Top – –