Then a ‘Double top chart pattern’ chart layout is found. The chart forms ‘Double top chart pattern’. which is a bearish signal. The currency pair is likely to fall.
The pair Floki/Tether (FLOKI/USDT) goes from the ascending trendline down.
A descent down to the next support level at will persist.
Caution: A possible change in the direction of the resistance line at 0.000155120 could occur.
Consider stop-loss settings accordingly.
Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair is likely to fall.
Then a ‘Northern Doji’ chart pattern is detected. The candles form ‘Northern Doji’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.000155120 |
| Current Price | 0.000138870 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.000155120 – 0.000143420 – 0.000143310 – 0.000135820 – 0.000134090 – 0.000136430
Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Northern Doji – Double top chart pattern