FLOKI/USDT – 1H – BUYThe pair Floki/Tether (FLOKI/USDT) breaks through the descending trendline up.
A bullish movement upwards to the next resistance at 0.000182750 is likely expected.
Caution: A possible reversal of the trend in the direction of the support line at 0.000168520 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Bullish Engulfing’ candlestick pattern is detected. The candles form ‘Bullish Engulfing’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000232820 |
| 2nd High | 0.000184560 |
| Next High | 0.000182750 |
| Current Price | 0.000180240 |
| Next Low | 0.000168520 |
| 2nd Low | 0.000165220 |
| 3rd Low | 0.000163020 |
Download FLOKI/USDT Signal Image
Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Bullish Engulfing