FLOKI/USDT – 4H – SELL

In addition a ‘Rising Wedge Chart Pattern’ chart layout is detected. The formation shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to fall.

The pair Floki/Tether (FLOKI/USDT) goes from the bullish trendline down.

A descending movement downwards to the next support at 0.000081700 will continue.

Caution: A possible change in the direction of the resistance zone at 0.000098390 is also possible.
Consider stop-loss settings accordingly.

In addition a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 7.456E-5 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 0.000098390 is also possible.
Consider stop-loss settings accordingly.

In addition a ‘Southern Doji’ candle pattern is found. The chart shows ‘Southern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

0.000098390 – 0.000087820 – 0.000089920 – 0.000081700 – 0.000074560 – 0.000079210

Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Southern Doji