FLOKI/USDT – 1H – BUYThe pair Floki/Tether (FLOKI/USDT) jumps from the descending trendline downwards
A continuation of the downtrend down to the next support level at 0.000165220 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.000206880 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘In-Neck’ candlestick pattern is existing. The chart shows ‘In-Neck’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘In-Neck’ going down is 53% (Bull Market) & 65% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000241900 |
| 2nd High | 0.000232820 |
| Next High | 0.000206880 |
| Current Price | 0.000168090 |
| Next Low | 0.000165220 |
| 2nd Low | 0.000163020 |
| 3rd Low | 0.000160410 |
Download FLOKI/USDT Signal Image
Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – In-Neck