FLOKI/USDT – 30M – BUYThe pair Floki/Tether (FLOKI/USDT) breaks through the bullish trendline upwards
A continuation of the uptrend upwards to the next resistance level at 0.000117920 is expected.
Caution: A possible trend reversal in the direction of the support level at 0.000093290 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Bullish Engulfing’ candle pattern is detected. The candles form ‘Bullish Engulfing’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.000123700 |
| Next High | 0.000117920 |
| Current Price | 0.000110330 |
| Next Low | 0.000093290 |
| 2nd Low | 0.000092560 |
| 3rd Low | 0.000091410 |
0.000101870 – 0.000099440 – 0.000097380 – 0.000093290 – 0.000092560 – 0.000094410
Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Bullish Engulfing – Triple bottom chart pattern