FLOKI/USDT – 1H – SELL

Moreover a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to fall.

The pair Floki/Tether (FLOKI/USDT) jumps from the ascending trendline down.

A bearish trend downwards to the next support level at 0.000094670 is considered certain.

Caution: A possible change in the direction of resistance at 0.000103520 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 9.307E-5 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support line at 0.000103520 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Two Crows’ chart pattern is discovered. The candles show ‘Two Crows’. this 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 ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.000103520 – 0.000102990 – 0.000099150 – 0.000094670 – 0.000093650 – 0.000093070 — 42.882803353868 – 40.239529326883

Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –