FLOKI/USDT – 30M – SELLThe pair Floki/Tether (FLOKI/USDT) moves from the ascending trendline down.
A descending movement downwards to the next support at 0.000056430 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 0.000059890 could occur.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 5.643E-5 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of support at 0.000059890 could occur.
Consider stop-loss settings accordingly.
Moreover a ‘Two Crows’ chart pattern is found. The candles form ‘Two Crows’. 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 chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
Moreover a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000073160 |
| 2nd High | 0.000070850 |
| Next High | 0.000059890 |
| Current Price | 0.000059300 |
| Next Low | 0.000056430 |
| 2nd Low | 0.000052900 |
| 3rd Low |
Download FLOKI/USDT Signal Image
Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Two Crows