FLOKI/USDT – 30M – SELL

Moreover a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The pair is likely to go down.

The combination Floki/Tether (FLOKI/USDT) moves from the ascending trendline downwards

The bearish trend downwards to the next support level at 0.000133750 will continue.

Caution: A possible trend reversal in the direction of the resistance line at 0.000144250 is also possible.
Consider stop-loss settings accordingly.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The pair is likely to go down.

Moreover a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. this is usually a bearish 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 will continue. Current target is 0.0001325579 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 0.000144250 is also possible.
Consider stop-loss settings accordingly.

Moreover a ‘Three Outside Down’ chart pattern is discovered. The chart shows ‘Three Outside Down’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.000144250 – 0.000141920 – 0.000144630 – 0.000133750 – 0.000133520 – 0.000129710

Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern