FLOKI/USDT – 1H – BUYThe pair Floki/Tether (FLOKI/USDT) breaks through the descending trendline upwards
A bullish trend upwards to the next resistance at 0.000144630 is considered certain.
Caution: A possible counter-trend in the direction of the support level at 0.000129710 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Northern Doji’ candle chart pattern is existing. The candles show ‘Northern Doji’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.000148160 |
| Next High | 0.000144630 |
| Current Price | 0.000139400 |
| Next Low | 0.000129710 |
| 2nd Low | 0.000128310 |
| 3rd Low | 0.000124720 |
0.000144630 – 0.000148160 – 0.000145900 – 0.000129710 – 0.000128310 – 0.000124720
Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Northern Doji – Double bottom retreat down