FLOKI/USDT – 1H – SELL

Furthermore a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart shows ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to fall.

The combination Floki/Tether (FLOKI/USDT) jumps from the ascending trendline down.

A descent down to the next support at 0.000128310 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.000148160 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.

Furthermore a ‘Three Inside Down’ candle chart pattern is existing. The candles form ‘Three Inside Down’. which is a bearish pattern signal. 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).

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