FLOKI/USDT – 1H – SELLBesides a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The pair is likely to go down.
The combination Floki/Tether (FLOKI/USDT) goes from the ascending trendline downwards
The bearish trend downwards to the next support level at 0.000093480 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 0.000099450 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.
Besides a ‘On Neck’ candlestick chart pattern is existing. The candles form ‘On Neck’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘On Neck’ heading down is 56% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000111380 |
| 2nd High | 0.000108570 |
| Next High | 0.000099450 |
| Current Price | 0.000094350 |
| Next Low | 0.000093480 |
| 2nd Low | 0.000092130 |
| 3rd Low | 0.000091410 |
0.000099450 – 0.000099080 – 0.000108570 – 0.000096000 – 0.000095310 – 0.000093480 — 34.757488774488 – 34.61495436371
Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – On Neck – Rising Wedge Chart Pattern – –