Furthermore a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to go down.
The pair Floki/Tether (FLOKI/USDT) moves from the bullish trendline down.
A bearish trend downwards to the next support line at is considered certain.
Caution: A possible change in the direction of the resistance zone at 0.000157770 should always be considered.
Consider stop-loss settings accordingly.
Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair is likely to fall.
Furthermore a ‘Three Black Crows’ candlestick pattern is discovered. The candles form ‘Three Black Crows’. which is a bearish 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%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.000157770 |
| Current Price | 0.000122670 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.000157770 – 0.000148160 – 0.000102890 – 0.000119110 – 0.000092560 – 0.000072580 — 38.05806672136 – 36.279466167307
Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern –