FLOKI/USDT – 1H – BUYThe pair Floki/Tether (FLOKI/USDT) breaks through the ascending trendline up.
A continuation of the bullish trend up to the next resistance level at 0.000089790 is considered certain.
Caution: A possible reversal of the trend in the direction of support at 0.000080050 is within the realm of possibility.
Consider stop-loss settings accordingly.
Additionally a ‘Northern Doji’ candlestick pattern is existing. The candles form ‘Northern Doji’. which is a positive pattern signal. The 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 | 0.000107750 |
| 2nd High | 0.000098390 |
| Next High | 0.000089790 |
| Current Price | 0.000085880 |
| Next Low | 0.000080050 |
| 2nd Low | 0.000072580 |
| 3rd Low | 0.000069800 |
0.000089790 – 0.000081630 – 0.000081490 – 0.000080050 – 0.000072580 – 0.000076120
Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Northern Doji – Head and Shoulder chart pattern