Moreover a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to go down.
The combination Floki/Tether (FLOKI/USDT) jumps from the bullish trendline down.
A descending movement down to the next support at 0.000138670 will continue.
Caution: A possible counter-trend in the direction of resistance at 0.000157770 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘RSI fall below 30’ indicator signal is discovered. The indicator is ‘RSI fall below 30’. which could be a negative chart scenario. The currency pair is likely to fall.
Moreover a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.000157770 |
| Current Price | 0.000140800 |
| Next Low | 0.000138670 |
| 2nd Low | 0.000137800 |
| 3rd Low | 0.000135820 |
0.000157770 – 0.000155120 – 0.000143420 – 0.000138670 – 0.000137800 – 0.000135820
Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – – Rising Wedge Chart Pattern –