FLOKI/USDT – 1H – SELLAdditionally a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to fall.
The combination Floki/Tether (FLOKI/USDT) moves from the ascending trendline down.
The bearish trend down to the next support level at 0.000134090 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.000145920 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Matching Low’ candlestick pattern is existing. The candles show ‘Matching Low’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.000148160 |
| Next High | 0.000145920 |
| Current Price | 0.000139260 |
| Next Low | 0.000134090 |
| 2nd Low | 0.000129710 |
| 3rd Low | 0.000128310 |
0.000145920 – 0.000144250 – 0.000144630 – 0.000134090 – 0.000129710 – 0.000128310
Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Matching Low – Rising Wedge Chart Pattern