FLOKI/USDT – 1H – BUYThe currency pair Floki/Tether (FLOKI/USDT) breaks through the bullish trendline upwards
A continuation of the bullish trend upwards to the next resistance at 0.000092520 is expected.
Caution: A possible counter-trend in the direction of the support level at 0.000081700 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Latter Bottom’ candlestick pattern is found. The chart shows ‘Latter Bottom’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Latter Bottom’ going up is 56% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000117920 |
| 2nd High | 0.000107750 |
| Next High | 0.000092520 |
| Current Price | 0.000095850 |
| Next Low | 0.000081700 |
| 2nd Low | 0.000081150 |
| 3rd Low | 0.000074560 |
0.000092520 – 0.000085460 – 0.000086370 – 0.000081700 – 0.000081770 – 0.000082470
Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Latter Bottom