FLOKI/USDT – 30M – BUYNext a ‘Double bottom chart pattern’ chart pattern is existing. The chart forms ‘Double bottom chart pattern’. which is a bullish signal. The pair is likely to go up.
The currency pair Floki/Tether (FLOKI/USDT) jumps from the bullish trendline up.
A continuation of the uptrend upwards to the next resistance at 0.000100870 is certain.
Caution: A possible change in the direction of the support level at 0.000095150 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which is often a bullish chart scenario. The currency pair is likely to rise.
Next a ‘Northern Doji’ candle chart pattern is detected. The candles show ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000104710 |
| 2nd High | 0.000101930 |
| Next High | 0.000100870 |
| Current Price | 0.000100090 |
| Next Low | 0.000095150 |
| 2nd Low | 0.000095030 |
| 3rd Low | 0.000091410 |
0.000100870 – 0.000098290 – 0.000097750 – 0.000095150 – 0.000095030 – 0.000091410
Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Northern Doji – Double bottom chart pattern