FLOKI/USDT – 4H – BUYThe pair Floki/Tether (FLOKI/USDT) breaks through the ascending trendline up.
A continuation of the upward movement upwards to the next resistance level at 0.000102890 will persist.
Caution: A possible counter-trend in the direction of the support zone at 0.000092560 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Northern Doji’ chart pattern is detected. The chart forms ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance 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 | 0.000117400 |
| Next Low | 0.000092560 |
| 2nd Low | 0.000072580 |
| 3rd Low | 0.000069800 |
0.000102890 – 0.000104710 – 0.000079750 – 0.000092560 – 0.000072580 – 0.000069800
Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Northern Doji – Triple bottom chart pattern