FLOKI/USDT – 1H – BUY

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

A bullish ascent upwards to the next resistance level at 0.000132200 will continue.

Caution: A possible counter-trend in the direction of the support level at 0.000127880 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive signal. The currency pair could go up.

Next a ‘RSI fall below 70’ indicator signal is found. The indicator shows ‘RSI fall below 70’. which could be a positive signal. The currency pair could go up.

Next a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which is often a bullish chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.00013412 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance zone at 0.000132200 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Northern Doji’ candlestick pattern is existing. The candles form ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. 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).

0.000132200 – 0.000134050 – 0.000130920 – 0.000127880 – 0.000119830 – 0.000119110 — 56.978688843009 – 58.234351222217

Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Northern Doji – Double bottom retreat down –