FLOKI/USDT – 30M – BUY

The combination Floki/Tether (FLOKI/USDT) breaks through the descending trendline upwards

A bullish movement upwards to the next resistance level at 0.000145920 is likely expected.

Caution: A possible counter-trend in the direction of the support line at 0.000135820 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish signal. The pair is likely to go up.

Then a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which could be a positive chart signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 0.00014592 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of resistance at 0.000145920 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Bullish Belt Hold’ candle chart pattern is existing. The candles form ‘Bullish Belt Hold’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

0.000143420 – 0.000143310 – 0.000145920 – 0.000135820 – 0.000134090 – 0.000136430

Trading Signals: FOREX – FLOKI – FLOKI/USDT – USDT – Bullish Belt Hold – Double bottom chart pattern