The pair Floki/Tether (FLOKI/USDT) breaks through the descending trendline up.
An ascending movement upwards to the next resistance at 0.000075500 will persist.
Caution: A possible counter-trend in the direction of the support level at 0.000072580 could occur.
Consider stop-loss settings accordingly.
Also there is a ‘Northern Doji’ chart pattern is detected. The chart shows ‘Northern Doji’. 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 probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000082010 |
| 2nd High | 0.000081630 |
| Next High | 0.000075500 |
| Current Price | 0.000074730 |
| Next Low | 0.000072580 |
| 2nd Low | 0.000072120 |
| 3rd Low | 0.000069800 |
0.000075500 – 0.000081630 – 0.000081490 – 0.000072580 – 0.000075050 – 0.000076120
Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Northern Doji –