FLOKI/USDT – 1H – SELLBesides a ‘Double bottom retreat down’ chart layout is found. The chart picture forms ‘Double bottom retreat down’. which is a negative signal. The currency pair is likely to fall.
The combination Floki/Tether (FLOKI/USDT) jumps from the ascending trendline down.
A descending movement downwards to the next support level at 0.000127880 will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 0.000132200 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Northern Doji’ chart pattern is discovered. The candles form ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000134120 |
| 2nd High | 0.000134050 |
| Next High | 0.000132200 |
| Current Price | 0.000129970 |
| Next Low | 0.000127880 |
| 2nd Low | 0.000119830 |
| 3rd Low | 0.000119110 |
0.000132200 – 0.000134050 – 0.000130920 – 0.000127880 – 0.000119830 – 0.000119110 — 53.821880030128 – 48.442571911186
Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Northern Doji – Double bottom retreat down –