FLOKI/USDT – 1H – SELLThe combination Floki/Tether (FLOKI/USDT) jumps from the bearish trendline down.
A continuation of the downtrend down to the next support level at 0.000070380 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.000082010 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The pair is likely to go down.
Besides a ‘Matching Low’ candle pattern is detected. The candles show ‘Matching Low’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000107750 |
| 2nd High | 0.000098390 |
| Next High | 0.000082010 |
| Current Price | 0.000075100 |
| Next Low | 0.000070380 |
| 2nd Low | 0.000055790 |
| 3rd Low | 0.000050880 |
0.000082010 – 0.000079190 – 0.000080550 – 0.000070380 – 0.000071600 – 0.000075310
Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Matching Low