Then a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to fall.
The combination Floki/Tether (FLOKI/USDT) jumps from the ascending trendline down.
A bearish descent down to the next support line at 0.000136430 is considered certain.
Caution: A possible change in the direction of the resistance zone at 0.000144250 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000148160 |
| 2nd High | 0.000144630 |
| Next High | 0.000144250 |
| Current Price | 0.000137970 |
| Next Low | 0.000136430 |
| 2nd Low | 0.000133750 |
| 3rd Low | 0.000133520 |
0.000144250 – 0.000141920 – 0.000144630 – 0.000136430 – 0.000133750 – 0.000133520
Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – – Rising Wedge Chart Pattern