FLOKI/USDT – 1H – BUYThe pair Floki/Tether (FLOKI/USDT) jumps from the bearish trendline up.
A bullish trend upwards to the next resistance level at 0.000082010 is likely expected.
Caution: A possible reversal of the trend in the direction of the support level at 0.000071600 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which is often a bullish chart scenario. The currency pair could go up.
Additionally a ‘Bullish Engulfing’ candlestick pattern is existing. The candles form ‘Bullish Engulfing’. 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 chance of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000107750 |
| 2nd High | 0.000098390 |
| Next High | 0.000082010 |
| Current Price | 0.000072450 |
| Next Low | 0.000071600 |
| 2nd Low | 0.000055790 |
| 3rd Low | 0.000050880 |
0.000082010 – 0.000079190 – 0.000080550 – 0.000071600 – 0.000075310 – 0.000076260
Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Bullish Engulfing