FLOKI/USDT – 1H – SELL

Furthermore a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The formation shows ‘Rising Wedge Chart Pattern’. which is a negative signal. The pair is likely to go down.

The pair Floki/Tether (FLOKI/USDT) goes from the bullish trendline downwards

A descent down to the next support level at 0.000137800 will continue.

Caution: A possible change in the direction of resistance at 0.000157770 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair is likely to fall.

Furthermore a ‘RSI cross above 30’ indicator layout is found. The indicator is ‘RSI cross above 30’. which could be a negative signal. The currency pair is likely to fall.

Furthermore a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 0.00013571484 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support line at 0.000157770 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Three Black Crows’ candlestick pattern is discovered. The candles form ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

0.000157770 – 0.000155120 – 0.000145920 – 0.000137800 – 0.000135820 – 0.000134090

Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern –