FLOKI/USDT – 30M – BUY

The currency pair Floki/Tether (FLOKI/USDT) breaks through the descending trendline up.

A bullish trend upwards to the next resistance at is certain.

Caution: A possible counter-trend in the direction of the support line at 0.000127810 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is certain. Current target is 0.00014 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance zone at could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Northern Doji’ candlestick pattern is discovered. The candles form ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.000137960 – 0.000140000 – 0.000101870 – 0.000127810 – 0.000123000 – 0.000093290

Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Northern Doji – Triple bottom chart pattern