FLOKI/USDT – 4H – BUYThe pair Floki/Tether (FLOKI/USDT) breaks through the descending trendline upwards
The bullish trend upwards to the next resistance level at 0.000093800 is considered certain.
Caution: A possible counter-trend in the direction of support at 0.000087500 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Bullish Engulfing’ candlestick chart pattern is existing. The candles form ‘Bullish Engulfing’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000099450 |
| 2nd High | 0.000096180 |
| Next High | 0.000093800 |
| Current Price | 0.000089460 |
| Next Low | 0.000087500 |
| 2nd Low | 0.000086130 |
| 3rd Low | 0.000072580 |
0.000093800 – 0.000096180 – 0.000099450 – 0.000087500 – 0.000086130 – 0.000090550 — 42.57100128017 – 44.356369757151
Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Bullish Engulfing – – –