FLOKI/USDT – 30M – SELL

Furthermore a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to fall.

The currency pair Floki/Tether (FLOKI/USDT) goes from the bullish trendline downwards

A bearish descent down to the next support line at 0.000129710 is likely expected.

Caution: A possible change in the direction of the resistance level at 0.000148160 could occur.
Consider stop-loss settings accordingly.

Furthermore a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 0.00012973616 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of support at 0.000148160 could occur.
Consider stop-loss settings accordingly.

Furthermore a ‘Southern Doji’ candle chart pattern is discovered. The chart forms ‘Southern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

0.000148160 – 0.000137850 – 0.000145900 – 0.000129710 – 0.000128310 – 0.000124720

Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Southern Doji – Rising Wedge Chart Pattern