FLOKI/USDT – 1H – SELLBesides a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart shows ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to go down.
The combination Floki/Tether (FLOKI/USDT) jumps from the bullish trendline downwards
A descending movement downwards to the next support line at 0.000128310 is expected.
Caution: A possible change in the direction of the resistance level at 0.000148160 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.
Besides a ‘Matching Low’ candlestick pattern is discovered. The candles show ‘Matching Low’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.000148160 |
| Current Price | 0.000135570 |
| Next Low | 0.000128310 |
| 2nd Low | 0.000124720 |
| 3rd Low | 0.000092560 |
0.000148160 – 0.000145900 – 0.000140000 – 0.000128310 – 0.000124720 – 0.000092560
Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Matching Low – Rising Wedge Chart Pattern