FLOKI/USDT – 1H – SELLThe combination Floki/Tether (FLOKI/USDT) moves from the bearish trendline down.
A continuation of the downward movement down to the next support at 0.000071600 will continue.
Caution: A possible counter-trend in the direction of resistance at 0.000082010 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Two Crows’ candle pattern is found. The candles form ‘Two Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000107750 |
| 2nd High | 0.000098390 |
| Next High | 0.000082010 |
| Current Price | 0.000073480 |
| Next Low | 0.000071600 |
| 2nd Low | 0.000055790 |
| 3rd Low | 0.000050880 |
0.000082010 – 0.000079190 – 0.000080550 – 0.000071600 – 0.000075310 – 0.000076260
Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Two Crows