FLOKI/USDT – 30M – SELL

Also there is a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.

The pair Floki/Tether (FLOKI/USDT) moves from the ascending trendline downwards

A descending movement down to the next support at 0.000093470 is considered certain.

Caution: A possible reversal of the trend in the direction of resistance at 0.000096180 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The currency pair could go down.

Also there is a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 9.342E-5 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.000096180 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Outside Down’ candle chart pattern is discovered. The candles form ‘Three Outside Down’. 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 Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.000096180 – 0.000095050 – 0.000095520 – 0.000093470 – 0.000093070 – 0.000090550 — 50.638611590198 – 44.667071059413

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