Moreover a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to fall.
The currency pair Floki/Tether (FLOKI/USDT) jumps from the ascending trendline downwards
A bearish movement downwards to the next support level at is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.000110970 should always be considered.
Consider stop-loss settings accordingly.
Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000123150 |
| 2nd High | 0.000111380 |
| Next High | 0.000110970 |
| Current Price | 0.000105930 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.000110970 – 0.000108620 – 0.000105430 – 0.000105000 – 0.000098330 – 0.000095610 — 44.855838561097 – 41.862494655452
Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – – Rising Wedge Chart Pattern – –