FLOKI/USDT – 1H – SELL

Additionally a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to fall.

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

A descending movement downwards to the next support level at 0.000105850 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.000123510 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘RSI fall below 30’ indicator layout is detected. The indicator shows ‘RSI fall below 30’. which is often a bearish chart signal. The currency pair could go down.

Additionally a ‘Three Black Crows’ chart pattern is detected. 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%.

0.000123510 – 0.000113320 – 0.000110240 – 0.000105850 – 0.000101230 – 0.000098460 — 44.852851703842 – 39.133492156731

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