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The daily chart shows that the Floki price formed a double-top pattern at $0.0002840 in November and December. This is a highly bearish pattern made up of two peaks and a neckline, which is at $0.0002050.
Floki’s other bearish pattern, a death cross, occurred when the 200-day and 50-day moving averages crossed each other. It has also formed a series of lower lows and lower highs.
Therefore, more downside will be confirmed if the Floki price crashes below the key support at $0.0001135. This is a noteworthy price since it was its lowest point since July last year.
#Floki #HotTopicDiscussion