FLOKI/USDT – 1H – BUYThe combination Floki/Tether (FLOKI/USDT) breaks through the ascending trendline up.
A continuation of the uptrend upwards to the next resistance level at 0.000089790 is likely expected.
Caution: A possible change in the direction of the support level at 0.000072580 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Northern Doji’ candlestick pattern is existing. The chart shows ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000107750 |
| 2nd High | 0.000098390 |
| Next High | 0.000089790 |
| Current Price | 0.000083010 |
| Next Low | 0.000072580 |
| 2nd Low | 0.000069800 |
| 3rd Low | 0.000068970 |
0.000089790 – 0.000081630 – 0.000081490 – 0.000072580 – 0.000076120 – 0.000069800
Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Northern Doji – Head and Shoulder chart pattern