FLOKI/USDT – 30M – BUYThe combination Floki/Tether (FLOKI/USDT) moves from the ascending trendline up.
A continuation of the upward movement upwards to the next resistance level at 0.000097330 is expected.
Caution: A possible counter-trend in the direction of the support level at 0.000092020 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Hammer’ candlestick pattern is discovered. The candles form ‘Hammer’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Hammer’ heading up is 60% (Bull Market) & 59% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000117920 |
| 2nd High | 0.000107750 |
| Next High | 0.000097330 |
| Current Price | 0.000096970 |
| Next Low | 0.000092020 |
| 2nd Low | 0.000087980 |
| 3rd Low | 0.000081700 |
0.000097330 – 0.000094990 – 0.000092520 – 0.000092020 – 0.000092980 – 0.000087980
Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Hammer