The combination Floki/Tether (FLOKI/USDT) jumps from the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance at 0.000145920 is likely expected.
Caution: A possible counter-trend in the direction of the support level at 0.000134090 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a positive signal. The pair is likely to go up.
Also there is a ‘Northern Doji’ candlestick pattern is existing. The chart forms ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. 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 | |
| 2nd High | 0.000148160 |
| Next High | 0.000145920 |
| Current Price | 0.000142150 |
| Next Low | 0.000134090 |
| 2nd Low | 0.000133750 |
| 3rd Low | 0.000133520 |
0.000145920 – 0.000141390 – 0.000144250 – 0.000134090 – 0.000136430 – 0.000133750
Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Northern Doji – Double bottom retreat down