FLOKI/USDT – 30M – SELLThe currency pair Floki/Tether (FLOKI/USDT) jumps from the bearish trendline downwards
A continuation of the downtrend down to the next support level at 0.000072120 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.000081630 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Northern Doji’ candle chart pattern is found. The candles form ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000088600 |
| 2nd High | 0.000082010 |
| Next High | 0.000081630 |
| Current Price | 0.000072750 |
| Next Low | 0.000072120 |
| 2nd Low | 0.000069800 |
| 3rd Low | 0.000068970 |
0.000081630 – 0.000081490 – 0.000079900 – 0.000075050 – 0.000076120 – 0.000077620
Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Northern Doji –