FLOKI/USDT – 1H – SELLThe currency pair Floki/Tether (FLOKI/USDT) moves from the descending trendline down.
A continuation of the downward movement down to the next support line at 0.000160410 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.000173710 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Bearish Engulfing’ candlestick chart pattern is discovered. The chart shows ‘Bearish Engulfing’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000241900 |
| 2nd High | 0.000232820 |
| Next High | 0.000173710 |
| Current Price | 0.000167460 |
| Next Low | 0.000160410 |
| 2nd Low | 0.000138620 |
| 3rd Low | 0.000114660 |
Download FLOKI/USDT Signal Image
Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Bearish Engulfing