FLOKI/USDT – 30M – SELLFurthermore a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to go down.
The currency pair Floki/Tether (FLOKI/USDT) goes from the ascending trendline down.
A bearish descent down to the next support at 0.000124720 is considered certain.
Caution: A possible change in the direction of the resistance level at 0.000145900 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Last Engulfing Top’ chart pattern is found. The candles show ‘Last Engulfing Top’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.000145900 |
| Current Price | 0.000130960 |
| Next Low | 0.000124720 |
| 2nd Low | 0.000123000 |
| 3rd Low | 0.000093290 |
0.000145900 – 0.000137960 – 0.000140000 – 0.000124720 – 0.000127810 – 0.000123000
Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Last Engulfing Top – Rising Wedge Chart Pattern