FLOKI/USDT – 1H – SELLThe currency pair Floki/Tether (FLOKI/USDT) moves from the descending trendline downwards
A continuation of the bearish trend down to the next support at 0.000239070 will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.000260150 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Bearish Engulfing’ chart pattern is found. The candles form ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000280000 |
| 2nd High | 0.000270220 |
| Next High | 0.000260150 |
| Current Price | 0.000239100 |
| Next Low | 0.000239070 |
| 2nd Low | 0.000232550 |
| 3rd Low | 0.000203590 |
Download FLOKI/USDT Signal Image
Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Bearish Engulfing