The pair Floki/Tether (FLOKI/USDT) breaks through the descending trendline upwards
A bullish trend upwards to the next resistance level at 0.000101870 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 0.000093290 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. this is usually a bullish signal. The currency pair could go up.
And also a ‘Northern Doji’ candlestick chart pattern is found. The candles form ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000104710 |
| 2nd High | 0.000102890 |
| Next High | 0.000101870 |
| Current Price | 0.000099380 |
| Next Low | 0.000093290 |
| 2nd Low | 0.000092560 |
| 3rd Low | 0.000091410 |
0.000101870 – 0.000099440 – 0.000097380 – 0.000093290 – 0.000092560 – 0.000094410
Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Northern Doji – Triple bottom chart pattern