FLOKI/USDT – 1H – SELL

Additionally a ‘Rising Wedge Chart Pattern’ chart formation is existing. 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) moves from the bullish trendline downwards

A descent downwards to the next support level at 0.000137800 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 0.000157770 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘RSI fall below 30’ indicator layout is found. The indicator is ‘RSI fall below 30’. which is often a bearish chart scenario. The currency pair is likely to fall.

Additionally a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.

Additionally a ‘Three Black Crows’ chart pattern is found. The candles form ‘Three Black Crows’. which is a bearish pattern signal. The 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’ heading down is 82%.

0.000157770 – 0.000155120 – 0.000145920 – 0.000137800 – 0.000135820 – 0.000134090

Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern –