FLOKI/USDT – 1H – SELLBesides a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to fall.
The combination Floki/Tether (FLOKI/USDT) moves from the bullish trendline downwards
A bearish trend downwards to the next support at 0.000068970 is considered certain.
Caution: A possible change in the direction of the resistance zone at 0.000079750 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The pair is likely to go down.
Besides a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The pair is likely to go down.
Besides a ‘Three Black Crows’ candle chart pattern is detected. The chart forms ‘Three Black Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000098390 |
| 2nd High | 0.000082010 |
| Next High | 0.000079750 |
| Current Price | 0.000074080 |
| Next Low | 0.000068970 |
| 2nd Low | 0.000067980 |
| 3rd Low | 0.000059230 |
0.000079750 – 0.000072120 – 0.000071950 – 0.000068970 – 0.000067980 – 0.000059230
Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern