FLOKI/USDT – 30M – SELL

In addition a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The pair is likely to go down.

The currency pair Floki/Tether (FLOKI/USDT) moves from the ascending trendline downwards

A descent down to the next support line at 0.000133750 is considered certain.

Caution: A possible counter-trend in the direction of the resistance level at 0.000144250 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The pair is likely to go down.

In addition a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.0001325579 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of support at 0.000144250 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Three Outside Down’ chart pattern is discovered. The candles show ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.000144250 – 0.000141920 – 0.000144630 – 0.000133750 – 0.000133520 – 0.000129710

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