FLOKI/USDT – 30M – SELLThe currency pair Floki/Tether (FLOKI/USDT) moves from the ascending trendline down.
A bearish descent down to the next support line at 0.000102660 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 0.000108000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘RSI fall below 30’ indicator signal is existing. The indicator shows ‘RSI fall below 30’. this is usually a bearish chart signal. The pair is likely to go down.
Moreover a ‘Two Crows’ chart pattern is detected. The candles show ‘Two Crows’. which is a negative pattern signal. The pair is likely to go down. 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 | 0.000120010 |
| 2nd High | 0.000110240 |
| Next High | 0.000108000 |
| Current Price | 0.000102650 |
| Next Low | 0.000102660 |
| 2nd Low | 0.000101170 |
| 3rd Low | 0.000093290 |
0.000108000 – 0.000110240 – 0.000120010 – 0.000102660 – 0.000101170 – 0.000104490 — 42.094248778909 – 39.768786423861
Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Two Crows – Triple top chart pattern –