FLOKI/USDT – 1H – BUYThe combination Floki/Tether (FLOKI/USDT) breaks through the bearish trendline up.
A bullish movement up to the next resistance level at 0.000119680 will persist.
Caution: A possible change in the direction of the support level at 0.000106020 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Bullish Engulfing’ candlestick chart pattern is discovered. The chart shows ‘Bullish Engulfing’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000124070 |
| 2nd High | 0.000123200 |
| Next High | 0.000119680 |
| Current Price | 0.000119890 |
| Next Low | 0.000106020 |
| 2nd Low | 0.000105850 |
| 3rd Low | 0.000101230 |
0.000119680 – 0.000123200 – 0.000124070 – 0.000106020 – 0.000114330 – 0.000105850 — 54.024219525825 – 59.375704358283
Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Bullish Engulfing – Triple bottom chart pattern – –