Additionally a ‘Symmetrical Triangle Chart Pattern’ chart layout is discovered. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish chart scenario. The pair is likely to go down.
The pair Floki/Tether (FLOKI/USDT) jumps from the descending trendline down.
A continuation of the downward movement downwards to the next support at 0.000100160 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 0.000104970 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The currency pair could go down.
Additionally a ‘Northern Doji’ candlestick pattern is existing. The candles form ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000123150 |
| 2nd High | 0.000110720 |
| Next High | 0.000104970 |
| Current Price | 0.000099560 |
| Next Low | 0.000100160 |
| 2nd Low | 0.000098460 |
| 3rd Low | 0.000092560 |
0.000104970 – 0.000110720 – 0.000108980 – 0.000100160 – 0.000100390 – 0.000102630 — 38.63183442782 – 36.031648043025
Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Northern Doji – Symmetrical Triangle Chart Pattern – –