Also there is a ‘Symmetrical Triangle Chart Pattern’ chart formation is found. The formation shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to go down.
The currency pair Floki/Tether (FLOKI/USDT) goes from the bullish trendline down.
A bearish descent downwards to the next support line at 0.000129050 will persist.
Caution: A possible reversal of the trend in the direction of resistance at 0.000132200 is also possible.
Consider stop-loss settings accordingly.
Also there is a ‘Three Outside Down’ candlestick pattern is detected. The candles show ‘Three Outside Down’. 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 likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000134120 |
| 2nd High | 0.000134050 |
| Next High | 0.000132200 |
| Current Price | 0.000129620 |
| Next Low | 0.000129050 |
| 2nd Low | 0.000128420 |
| 3rd Low | 0.000127880 |
0.000132200 – 0.000134050 – 0.000130920 – 0.000129050 – 0.000128420 – 0.000127880 — 43.903605207619 – 42.863987073785
Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern –