FLOKI/USDT – 1H – SELLThen a ‘Double top chart pattern’ chart pattern is existing. The formation shows ‘Double top chart pattern’. which is a negative pattern signal. The currency pair is likely to go down.
The currency pair Floki/Tether (FLOKI/USDT) moves from the bullish trendline down.
The bearish trend downwards to the next support at 4.0E-5 will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 5.0E-5 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Three Inside Down’ candlestick chart pattern is detected. The candles form ‘Three Inside Down’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 7.0E-5 |
| 2nd High | 6.0E-5 |
| Next High | 5.0E-5 |
| Current Price | 0.000049940 |
| Next Low | 4.0E-5 |
| 2nd Low | 2.0E-5 |
| 3rd Low |
5.0E-5 – 5.0E-5 – 5.0E-5 – 5.0E-5 – 5.0E-5 – 5.0E-5 — 39.337693807463 – 35.912362218491 — 14.652161721014 – 11.22854616688 – 16.91552235562 – 14.640504202721
Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Three Inside Down – Double top chart pattern – –