The combination Floki/Tether (FLOKI/USDT) jumps from the bearish trendline upwards
The bullish trend upwards to the next resistance line at 0.000081630 will continue.
Caution: A possible reversal of the trend in the direction of the support zone at 0.000072580 should be noted.
Consider stop-loss settings accordingly.
Additionally a ‘Northern Doji’ candlestick pattern is detected. The candles form ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. 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 | 0.000088600 |
| 2nd High | 0.000082010 |
| Next High | 0.000081630 |
| Current Price | 0.000074690 |
| Next Low | 0.000072580 |
| 2nd Low | 0.000072120 |
| 3rd Low | 0.000069800 |
0.000081630 – 0.000081490 – 0.000079900 – 0.000072580 – 0.000075050 – 0.000076120
Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Northern Doji – Double top retreat up