FLOKI/USDT – 1H – BUYThe pair Floki/Tether (FLOKI/USDT) breaks through the descending trendline upwards
An ascending movement up to the next resistance at 5.0E-5 will continue.
Caution: A possible trend reversal in the direction of the support level at 4.0E-5 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend will continue. Current target is 5.0E-5 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the resistance level at 5.0E-5 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Northern Doji’ chart pattern is discovered. The candles show ‘Northern Doji’. which is a positive pattern signal. The 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 | 7.0E-5 |
| 2nd High | 6.0E-5 |
| Next High | 5.0E-5 |
| Current Price | 0.000048700 |
| Next Low | 4.0E-5 |
| 2nd Low | 2.0E-5 |
| 3rd Low |
5.0E-5 – 5.0E-5 – 5.0E-5 – 4.0E-5 – 4.0E-5 – 4.0E-5 — 58.23340273729 – 61.06324740731 — 35.879226808584 – 65.888820285021 – 18.673623817127 – 37.861984279446
Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Northern Doji – Double bottom retreat down – –