FLOKI/USDT – 30M – BUY

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

The bullish trend upwards to the next resistance line at 0.000238070 is likely expected.

Caution: A possible counter-trend in the direction of the support level at 0.000225340 is also possible.
Consider stop-loss settings accordingly.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Current target is 0.0002329488 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of resistance at 0.000238070 is also possible.
Consider stop-loss settings accordingly.

There is also a ‘Bullish Engulfing’ candlestick pattern is existing. The candles show ‘Bullish Engulfing’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ going up is 63%.

Download FLOKI/USDT Signal Image

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