FLOKI/USDT – 30M – SELLThe combination Floki/Tether (FLOKI/USDT) jumps from the descending trendline downwards
A continuation of the downward movement down to the next support at 0.000087500 is expected.
Caution: A possible trend reversal in the direction of the resistance line at 0.000089940 should always be considered.
Consider stop-loss settings accordingly.
Next a ‘Tweezers Top’ candlestick chart pattern is existing. The chart shows ‘Tweezers Top’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000094530 |
| 2nd High | 0.000093800 |
| Next High | 0.000089940 |
| Current Price | 0.000092200 |
| Next Low | 0.000087500 |
| 2nd Low | 0.000086130 |
| 3rd Low | 0.000080050 |
0.000089940 – 0.000093800 – 0.000092480 – 0.000087500 – 0.000090610 – 0.000087540 — 72.075248216142 – 67.283305921142
Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Tweezers Top – Double bottom retreat down – –