FLOKI/USDT – 30M – SELLThe currency pair Floki/Tether (FLOKI/USDT) moves from the ascending trendline downwards
A descending movement downwards to the next support at 0.000117820 is likely expected.
Caution: A possible trend reversal in the direction of the resistance level at 0.000124710 is also possible.
Consider stop-loss settings accordingly.
Besides a ‘Three Outside Down’ candle pattern is discovered. 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 chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000134430 |
| 2nd High | 0.000132900 |
| Next High | 0.000124710 |
| Current Price | 0.000115910 |
| Next Low | 0.000117820 |
| 2nd Low | 0.000093290 |
| 3rd Low | 0.000092560 |
0.000124710 – 0.000132900 – 0.000134430 – 0.000117820 – 0.000128610 – 0.000129050 — 38.093760639663 – 34.503363772924
Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Three Outside Down – Double top chart pattern –