FLOKI/USDT – 1H – SELLIn addition a ‘Rising Wedge Chart Pattern’ chart layout is existing. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to fall.
The pair Floki/Tether (FLOKI/USDT) jumps from the bullish trendline downwards
A bearish trend downwards to the next support at 0.000068970 is certain.
Caution: A possible counter-trend in the direction of resistance at 0.000079750 should always be considered.
Consider stop-loss settings accordingly.
In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair is likely to fall.
In addition a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.
In addition a ‘Three Black Crows’ candlestick chart pattern is detected. The candles show ‘Three Black Crows’. which is a negative signal. The currency 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’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000098390 |
| 2nd High | 0.000082010 |
| Next High | 0.000079750 |
| Current Price | 0.000074080 |
| Next Low | 0.000068970 |
| 2nd Low | 0.000067980 |
| 3rd Low | 0.000059230 |
0.000079750 – 0.000072120 – 0.000071950 – 0.000068970 – 0.000067980 – 0.000059230
Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern