The currency pair Floki/Tether (FLOKI/USDT) moves from the descending trendline down.
A continuation of the downward movement downwards to the next support line at 0.000093460 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 0.000102380 should be noted.
Consider stop-loss settings accordingly.
Furthermore a ‘Northern Doji’ candlestick pattern is detected. The chart shows ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
Furthermore a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The currency pair is likely to fall.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.000103750 |
2nd High | 0.000102910 |
Next High | 0.000102380 |
Current Price | 0.000098870 |
Next Low | 0.000093460 |
2nd Low | 0.000091190 |
3rd Low | 0.000073930 |
Download FLOKI/USDT Signal Image
Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Northern Doji