The currency pair Floki/Tether (FLOKI/USDT) breaks through the descending trendline upwards
A bullish trend up to the next resistance level at 0.000133750 is likely expected.
Caution: A possible trend reversal in the direction of the support zone at 0.000129050 should always be considered.
Consider stop-loss settings accordingly.
And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart scenario. The currency pair could go up.
And also a ‘RSI fall below 70’ indicator layout is discovered. The indicator is ‘RSI fall below 70’. which is often a bullish chart scenario. The currency pair could go up.
And also a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. this is usually a bullish chart scenario. The pair is likely to go up.
Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.00013272962 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.000133750 should always be considered.
Consider stop-loss settings accordingly.
And also a ‘Northern Doji’ chart pattern is existing. The chart shows ‘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 success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000134120 |
| 2nd High | 0.000134050 |
| Next High | 0.000133750 |
| Current Price | 0.000132470 |
| Next Low | 0.000129050 |
| 2nd Low | 0.000128420 |
| 3rd Low | 0.000127880 |
0.000133750 – 0.000132200 – 0.000134050 – 0.000129050 – 0.000129050 – 0.000128420 — 54.189141543354 – 58.786449905589
Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Northern Doji – Double bottom retreat down –