FLOKI/USDT – 30M – SELL

Additionally a ‘Rising Wedge Chart Pattern’ chart formation is existing. The formation shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to go down.

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

A bearish descent down to the next support level at 0.000128610 is expected.

Caution: A possible trend reversal in the direction of resistance at 0.000134430 could be enabled.
Consider stop-loss settings accordingly.

Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The pair is likely to go down.

Additionally a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.00012970614 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support zone at 0.000134430 could be enabled.
Consider stop-loss settings accordingly.

Additionally a ‘Three Inside Down’ chart pattern is found. The chart forms ‘Three Inside Down’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

0.000134430 – 0.000133790 – 0.000133750 – 0.000128610 – 0.000129050 – 0.000129050 — 47.766998432813 – 42.008935897915

Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Three Inside Down – Rising Wedge Chart Pattern –