The pair Floki/Tether (FLOKI/USDT) breaks through the descending trendline up.
An ascent up to the next resistance level at 0.000141390 is likely expected.
Caution: A possible counter-trend in the direction of the support line at 0.000136430 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Northern Doji’ chart pattern is detected. The chart forms ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. 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 | 0.000144630 |
| 2nd High | 0.000144250 |
| Next High | 0.000141390 |
| Current Price | 0.000140340 |
| Next Low | 0.000136430 |
| 2nd Low | 0.000133750 |
| 3rd Low | 0.000133520 |
0.000141390 – 0.000144250 – 0.000141920 – 0.000136430 – 0.000133750 – 0.000133520
Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Northern Doji – Triple bottom chart pattern