The currency pair Floki/Tether (FLOKI/USDT) moves from the bearish trendline down.
A continuation of the bearish trend downwards to the next support level at 0.000093290 will persist.
Caution: A possible change in the direction of the resistance zone at 0.000124710 should be noted.
Consider stop-loss settings accordingly.
And also a ‘Three Outside Down’ candlestick chart pattern is existing. The candles form ‘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 probability of ‘Three Outside Down’ going 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 | 0.000115620 |
| Next Low | 0.000093290 |
| 2nd Low | 0.000092560 |
| 3rd Low | 0.000091410 |
0.000124710 – 0.000132900 – 0.000134430 – 0.000117820 – 0.000128610 – 0.000129050 — 45.887121013759 – 43.487062810253
Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern –