FLOKI/USDT – 4H – SELL

Moreover a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The pair is likely to go down.

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

A descending movement down to the next support line at 0.000119110 will continue.

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

Moreover a ‘RSI fall below 30’ indicator signal is discovered. The indicator is ‘RSI fall below 30’. which could be a negative chart scenario. The currency pair is likely to fall.

Moreover a ‘Three Black Crows’ candle chart pattern is discovered. The candles show ‘Three Black Crows’. this is a bearish pattern signal. The 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’ heading down is 82%.

0.000157770 – 0.000148160 – 0.000102890 – 0.000119110 – 0.000092560 – 0.000072580 — 48.216554851913 – 39.716019002235

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