FLOKI/USDT – 1H – SELLThe combination Floki/Tether (FLOKI/USDT) moves from the bullish trendline down.
A bearish descent down to the next support level at 0.000081700 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.000107750 is within the realm of possibility.
Consider stop-loss settings accordingly.
There is also a ‘Southern Doji’ candle pattern is found. The chart forms ‘Southern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000123700 |
| 2nd High | 0.000117920 |
| Next High | 0.000107750 |
| Current Price | 0.000093550 |
| 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 – Southern Doji