FLOKI/USDT – 30M – BUYThe pair Floki/Tether (FLOKI/USDT) jumps from the ascending trendline down.
A bearish descent down to the next support line at 0.000050880 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.000057430 is also possible.
Consider stop-loss settings accordingly.
Next a ‘Last Engulfing Top’ candle pattern is found. The chart shows ‘Last Engulfing Top’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000061240 |
| 2nd High | 0.000061150 |
| Next High | 0.000057430 |
| Current Price | 0.000058240 |
| Next Low | 0.000050880 |
| 2nd Low | 0.000048490 |
| 3rd Low | 0.000046290 |
Download FLOKI/USDT Signal Image
Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Last Engulfing Top