Also there is a ‘Symmetrical Triangle Chart Pattern’ chart layout is detected. The chart shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish signal. The currency pair is likely to fall.
The pair Floki/Tether (FLOKI/USDT) jumps from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support level at 0.000127810 will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.000137960 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.
Also there is a ‘Three Outside Down’ candlestick pattern is existing. The chart shows ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to fall. 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 | |
| 2nd High | 0.000140000 |
| Next High | 0.000137960 |
| Current Price | 0.000130030 |
| Next Low | 0.000127810 |
| 2nd Low | 0.000123000 |
| 3rd Low | 0.000093290 |
0.000137960 – 0.000140000 – 0.000101870 – 0.000127810 – 0.000123000 – 0.000093290
Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern