FLOKI/USDT – 4H – SELL

Furthermore a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to fall.

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

A bearish trend down to the next support line at 0.000119110 is likely expected.

Caution: A possible change in the direction of resistance at 0.000157770 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘RSI cross above 30’ indicator layout is detected. The indicator shows ‘RSI cross above 30’. which could be a positive signal. The currency pair is likely to rise.

Furthermore a ‘Three Black Crows’ candle chart pattern is found. The candles form ‘Three Black Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

0.000157770 – 0.000148160 – 0.000102890 – 0.000119110 – 0.000092560 – 0.000072580 — 32.255627908928 – 31.097879745906

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