FLOKI/USDT – 30M – SELLThe currency pair Floki/Tether (FLOKI/USDT) jumps from the ascending trendline downwards
A bearish descent down to the next support line at 0.000069800 is certain.
Caution: A possible trend reversal in the direction of resistance at 0.000074860 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.
Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is certain. Current target is 7.323632E-5 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 0.000074860 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Three Outside Down’ candle chart pattern is found. The candles show ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000076530 |
| 2nd High | 0.000076320 |
| Next High | 0.000074860 |
| Current Price | 0.000074600 |
| Next Low | 0.000069800 |
| 2nd Low | 0.000068970 |
| 3rd Low | 0.000068520 |
0.000074860 – 0.000071420 – 0.000072120 – 0.000069800 – 0.000068970 – 0.000068520
Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Three Outside Down –