FLOKI/USDT – 1H – SELL

Additionally a ‘Rising Wedge Chart Pattern’ chart layout is detected. The formation shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.

The pair Floki/Tether (FLOKI/USDT) jumps from the ascending trendline down.

A bearish trend down to the next support line at 0.000127880 is expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.000134050 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

Additionally a ‘Three Black Crows’ candlestick pattern is existing. The candles form ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

0.000134050 – 0.000130920 – 0.000134120 – 0.000127880 – 0.000119830 – 0.000119110 — 50.941507585598 – 48.567779836578

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