FLOKI/USDT – 30M – SELL

Besides a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to go down.

The combination Floki/Tether (FLOKI/USDT) jumps from the bullish trendline downwards

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

Caution: A possible change in the direction of resistance at 0.000148160 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 0.00012838424 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support level at 0.000148160 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

0.000148160 – 0.000137850 – 0.000145900 – 0.000128310 – 0.000124720 – 0.000127810

Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – – Rising Wedge Chart Pattern