The combination Floki/Tether (FLOKI/USDT) breaks through the bearish trendline upwards
The bullish trend up to the next resistance level at 0.000145900 will continue.
Caution: A possible counter-trend in the direction of the support zone at 0.000124720 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Current target is 0.0001459 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance level at 0.000145900 is also possible.
Consider stop-loss settings accordingly.
Also there is a ‘Northern Doji’ chart pattern is existing. The candles form ‘Northern Doji’. 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 ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.000145900 |
| Current Price | 0.000135690 |
| Next Low | 0.000124720 |
| 2nd Low | 0.000123000 |
| 3rd Low | 0.000093290 |
0.000145900 – 0.000137960 – 0.000140000 – 0.000124720 – 0.000127810 – 0.000123000
Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Northern Doji – Triple bottom chart pattern