FLOKI/USDT – 1H – BUY

The pair Floki/Tether (FLOKI/USDT) goes from the descending trendline downwards

A continuation of the downtrend downwards to the next support line at 0.000138620 is expected.

Caution: A possible counter-trend in the direction of the resistance line at 0.000248100 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Target of the current trend is 0.00024934 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance line at 0.000248100 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Three White Soldiers’ chart pattern is detected. The chart forms ‘Three White Soldiers’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.

Download FLOKI/USDT Signal Image

Trading Signals: CRYPTO – FLOKI – FLOKI/USDT – USDT