FLOKI/USDT – 30M – BUYThe pair Floki/Tether (FLOKI/USDT) breaks through the bearish trendline up.
An ascent upwards to the next resistance level at 0.000145920 will persist.
Caution: A possible counter-trend in the direction of the support level at 0.000136430 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Hammer’ candlestick pattern is detected. The candles show ‘Hammer’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Hammer’ going up is 60% (Bull Market) & 59% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.000148160 |
| Next High | 0.000145920 |
| Current Price | 0.000136250 |
| Next Low | 0.000136430 |
| 2nd Low | 0.000133750 |
| 3rd Low | 0.000133520 |
0.000145920 – 0.000141390 – 0.000144250 – 0.000136430 – 0.000133750 – 0.000133520
Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Hammer –