FLOKI/USDT – 1H – BUYThe currency pair Floki/Tether (FLOKI/USDT) breaks through the descending trendline up.
The bullish trend upwards to the next resistance at 0.000102890 will persist.
Caution: A possible counter-trend in the direction of the support line at 0.000092560 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Northern Doji’ candlestick chart pattern is existing. The candles form ‘Northern Doji’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000107750 |
| 2nd High | 0.000104710 |
| Next High | 0.000102890 |
| Current Price | 0.000106580 |
| Next Low | 0.000092560 |
| 2nd Low | 0.000091410 |
| 3rd Low | 0.000080050 |
0.000102890 – 0.000097750 – 0.000104710 – 0.000092560 – 0.000095150 – 0.000095030
Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Northern Doji – Triple bottom chart pattern