FLOKI/USDT – 4H – BUYThe currency pair Floki/Tether (FLOKI/USDT) breaks through the descending trendline upwards
A bullish trend up to the next resistance at 7.0E-5 is likely expected.
Caution: A possible reversal of the trend in the direction of the support level at 4.0E-5 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Southern Doji’ candle pattern is discovered. The chart forms ‘Southern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00011 |
| 2nd High | 8.0E-5 |
| Next High | 7.0E-5 |
| Current Price | 0.000047790 |
| Next Low | 4.0E-5 |
| 2nd Low | 2.0E-5 |
| 3rd Low |
7.0E-5 – 7.0E-5 – 7.0E-5 – 4.0E-5 – 5.0E-5 – 5.0E-5 — 50.990794053847 – 51.512569362939 — 76.455504756149 – 71.448829350712 – 86.235555444057 – 78.112504015565
Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT – Southern Doji – – –