FLOKI/USDT – 30M – SELLThe currency pair Floki/Tether (FLOKI/USDT) jumps from the bullish trendline downwards
A bearish descent down to the next support at 0.000090170 is likely expected.
Caution: A possible trend reversal in the direction of the resistance level at 0.000092770 is also possible.
Consider stop-loss settings accordingly.
Moreover a ‘Two Crows’ candlestick pattern is discovered. The chart forms ‘Two Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000094530 |
| 2nd High | 0.000093800 |
| Next High | 0.000092770 |
| Current Price | 0.000091940 |
| Next Low | 0.000090170 |
| 2nd Low | 0.000089000 |
| 3rd Low | 0.000088850 |
0.000092130 – 0.000091710 – 0.000090380 – 0.000090170 – 0.000090520 – 0.000089000 — 65.032930108787 – 60.269337402172
Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Two Crows – Double bottom retreat down – –