FLOKI/USDT – 4H – SELLThe combination Floki/Tether (FLOKI/USDT) moves from the ascending trendline down.
A bearish descent downwards to the next support level at 0.000087500 will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.000111380 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Three Black Crows’ candle pattern is discovered. The candles show ‘Three Black Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000124070 |
| 2nd High | 0.000123150 |
| Next High | 0.000111380 |
| Current Price | 0.000100310 |
| Next Low | 0.000087500 |
| 2nd Low | 0.000086130 |
| 3rd Low | 0.000072580 |
0.000100040 – 0.000093800 – 0.000096180 – 0.000087500 – 0.000086130 – 0.000090550 — 50.900986147624 – 46.039133107943
Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Three Black Crows – Double top chart pattern – –