FLOKI/USDT – 30M – SELLThe currency pair Floki/Tether (FLOKI/USDT) moves from the bearish trendline downwards
A continuation of the downward movement downwards to the next support line at 0.000097080 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.000104430 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.
Furthermore a ‘Last Engulfing Top’ candle chart pattern is existing. The chart shows ‘Last Engulfing Top’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000110720 |
| 2nd High | 0.000104970 |
| Next High | 0.000104430 |
| Current Price | 0.000102960 |
| Next Low | 0.000097080 |
| 2nd Low | 0.000093290 |
| 3rd Low | 0.000092560 |
0.000104430 – 0.000101940 – 0.000103670 – 0.000097080 – 0.000097190 – 0.000097130 — 56.085792574173 – 51.852521779445
Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Last Engulfing Top – – –