FLOKI/USDT – 1H – SELLThe combination Floki/Tether (FLOKI/USDT) goes from the bullish trendline downwards
A descending movement down to the next support line at 0.000093250 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.000104710 is within the realm of possibility.
Consider stop-loss settings accordingly.
Additionally a ‘Northern Doji’ candlestick pattern is discovered. The chart forms ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000117920 |
| 2nd High | 0.000107750 |
| Next High | 0.000104710 |
| Current Price | 0.000092310 |
| Next Low | 0.000093250 |
| 2nd Low | 0.000080050 |
| 3rd Low | 0.000072580 |
0.000104710 – 0.000089790 – 0.000081630 – 0.000093250 – 0.000080050 – 0.000072580
Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Northern Doji – Double top chart pattern