Then a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to fall.
The combination Floki/Tether (FLOKI/USDT) goes from the ascending trendline down.
A descending movement downwards to the next support line at 0.000095150 will continue.
Caution: A possible change in the direction of resistance at 0.000100870 is also possible.
Consider stop-loss settings accordingly.
Then a ‘Two Crows’ candle pattern is detected. The candles form ‘Two 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 success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000104710 |
| 2nd High | 0.000101930 |
| Next High | 0.000100870 |
| Current Price | 0.000098950 |
| Next Low | 0.000095150 |
| 2nd Low | 0.000095030 |
| 3rd Low | 0.000091410 |
0.000100870 – 0.000098290 – 0.000097750 – 0.000095150 – 0.000095030 – 0.000091410
Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Two Crows – Rising Wedge Chart Pattern