FLOKI/USDT – 1H – BUYThe pair Floki/Tether (FLOKI/USDT) jumps from the descending trendline upwards
A bullish movement up to the next resistance at 0.000082010 is considered certain.
Caution: A possible reversal of the trend in the direction of the support level at 0.000071600 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Northern Doji’ candle pattern is found. The candles form ‘Northern Doji’. 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 success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000107750 |
| 2nd High | 0.000098390 |
| Next High | 0.000082010 |
| Current Price | 0.000074770 |
| Next Low | 0.000071600 |
| 2nd Low | 0.000055790 |
| 3rd Low | 0.000050880 |
0.000082010 – 0.000079190 – 0.000080550 – 0.000071600 – 0.000075310 – 0.000076260
Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Northern Doji