FLOKI/USDT – 1H – SELLBesides a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to go down.
The currency pair Floki/Tether (FLOKI/USDT) goes from the ascending trendline downwards
A bearish movement down to the next support level at 0.000128310 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.000148160 is within the realm of possibility.
Consider stop-loss settings accordingly.
Besides a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.
Besides a ‘Three Inside Down’ candlestick pattern is existing. The chart shows ‘Three Inside Down’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.000148160 |
| Current Price | 0.000136110 |
| Next Low | 0.000128310 |
| 2nd Low | 0.000124720 |
| 3rd Low | 0.000092560 |
0.000148160 – 0.000145900 – 0.000140000 – 0.000128310 – 0.000124720 – 0.000092560
Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Three Inside Down – Rising Wedge Chart Pattern