FLOKI/USDT – 1H – BUYThe pair Floki/Tether (FLOKI/USDT) breaks through the descending trendline upwards
A bullish trend upwards to the next resistance level at is considered certain.
Caution: A possible trend reversal in the direction of the support level at 0.000134090 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bullish chart signal. The pair is likely to go up.
In addition a ‘Bullish Engulfing’ candlestick pattern is found. The candles form ‘Bullish Engulfing’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.000147500 |
| Next Low | 0.000134090 |
| 2nd Low | 0.000129710 |
| 3rd Low | 0.000128310 |
0.000145920 – 0.000144250 – 0.000144630 – 0.000134090 – 0.000129710 – 0.000128310
Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Bullish Engulfing – Double bottom chart pattern