Furthermore a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to fall.
The currency pair Floki/Tether (FLOKI/USDT) goes from the ascending trendline downwards
A bearish descent downwards to the next support line at 0.000106020 will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.000124070 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Northern Doji’ chart pattern is existing. The chart shows ‘Northern Doji’. which is a bullish chart scenario. 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 | 0.000157770 |
| 2nd High | 0.000134430 |
| Next High | 0.000124070 |
| Current Price | 0.000105850 |
| Next Low | 0.000106020 |
| 2nd Low | 0.000101230 |
| 3rd Low | 0.000098460 |
0.000124070 – 0.000113320 – 0.000122000 – 0.000106020 – 0.000101230 – 0.000098460 — 40.134021676217 – 37.993368076678
Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern – –