FLOKI/USDT – 1H – SELLFurthermore a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The pair is likely to go down.
The currency pair Floki/Tether (FLOKI/USDT) moves from the bullish trendline down.
A bearish trend down to the next support at 0.000128310 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 0.000145900 could occur.
Consider stop-loss settings accordingly.
Furthermore a ‘Three Black Crows’ candlestick chart pattern is existing. The candles form ‘Three Black Crows’. which is a bearish chart scenario. 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 | |
| 2nd High | |
| Next High | 0.000145900 |
| Current Price | 0.000132330 |
| Next Low | 0.000128310 |
| 2nd Low | 0.000124720 |
| 3rd Low | 0.000092560 |
0.000145900 – 0.000140000 – 0.000102890 – 0.000128310 – 0.000124720 – 0.000092560
Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern