FLOKI/USDT – 4H – SELLThe pair Floki/Tether (FLOKI/USDT) jumps from the bearish trendline downwards
A continuation of the bearish trend down to the next support line at 0.000081700 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 0.000098390 should be noted.
Consider stop-loss settings accordingly.
Furthermore a ‘Three Black Crows’ candlestick chart pattern is discovered. The candles form ‘Three Black Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000117920 |
| 2nd High | 0.000107750 |
| Next High | 0.000098390 |
| Current Price | 0.000075400 |
| Next Low | 0.000081700 |
| 2nd Low | 0.000074560 |
| 3rd Low | 0.000071820 |
0.000098390 – 0.000087820 – 0.000089920 – 0.000081700 – 0.000074560 – 0.000079210
Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Three Black Crows