FLOKI/USDT – 30M – BUY

The currency pair Floki/Tether (FLOKI/USDT) breaks through the ascending trendline upwards

A continuation of the upward movement upwards to the next resistance at 0.000155120 is likely expected.

Caution: A possible counter-trend in the direction of the support line at 0.000138670 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Current target is 0.00015015692 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance zone at 0.000155120 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Northern Doji’ candlestick pattern is found. The chart forms ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. 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).

0.000155120 – 0.000143420 – 0.000143310 – 0.000138670 – 0.000137800 – 0.000135820

Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Northern Doji – Double bottom chart pattern