FLOKI/USDT – 4H – BUYThe currency pair Floki/Tether (FLOKI/USDT) breaks through the bullish trendline up.
A continuation of the upward movement upwards to the next resistance line at 0.000102890 is certain.
Caution: A possible reversal of the trend in the direction of the support line at 0.000092560 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Northern Doji’ chart pattern is existing. The candles form ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000107750 |
| 2nd High | 0.000104710 |
| Next High | 0.000102890 |
| Current Price | 0.000134930 |
| Next Low | 0.000092560 |
| 2nd Low | 0.000072580 |
| 3rd Low | 0.000069800 |
0.000102890 – 0.000104710 – 0.000079750 – 0.000092560 – 0.000072580 – 0.000069800
Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Northern Doji – Triple bottom chart pattern