FLOKI/USDT – 30M – SELL

Also there is a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart shows ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to fall.

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

A bearish movement down to the next support level at 0.000128610 is expected.

Caution: A possible counter-trend in the direction of the resistance level at 0.000134430 could happen.
Consider stop-loss settings accordingly.

Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The currency pair could go down.

Also there is a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.00012970614 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support zone at 0.000134430 could happen.
Consider stop-loss settings accordingly.

Also there is a ‘Three Inside Down’ candlestick chart pattern is detected. The candles show ‘Three Inside Down’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

0.000134430 – 0.000133790 – 0.000133750 – 0.000128610 – 0.000129050 – 0.000129050 — 47.766998432813 – 42.008935897915

Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Three Inside Down – Rising Wedge Chart Pattern –