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Floki

FLOKIUSDT is ready to lead the pack on a bullish journey! 🚀💎 Paradisers, #FLOKI has broken out of the Descending Channel and formed a 'W' pattern at the bullish Order Block (OB) level, which enhances the probability of a bullish move. 💎 If #FLOKIUSDT breaks above the resistance level, we can target the next resistance levels. Remember, we need a confirmed candle close above this level. 💎 In the case of a pullback, we can anticipate a bounce from the Bullish OB level. We might see a potential double or triple bottom pattern here, improving our risk-to-reward ratio, making this scenario more favorable for entries. 💎 However, if the price breaks down below the bullish OB level, it would be better to disregard this setup and wait for more favorable price action to develop.
by MyCryptoParadise_Nathan
FLOKI: Bullish Momentum Ahead! Keep an Eye on Key Levels💎 FLOKI has formed a cup and handle pattern and successfully broken above the resistant zone, which is now expected to act as support, indicating a potential bullish movement. 💎If FLOKIUSDT retests the broken resistant zone and forms a bullish candlestick pattern, we can anticipate a bullish movement towards the next resistant zone. Conversely, if the price falls below the resistant level, we may expect a bounce from the demand area. 💎However, if FLOKI breaks down below the demand area, it would signal a bearish structure, and it would be advisable to avoid trading it in that scenario and wait for more clarity in price action.
by MyCryptoParadise_Nathan
2
FLOKI/USDT's Hourly Head and Shoulder Pattern Sparks Excitement!💎Hey Paradisers, let's focus on FLOKI/USDT. Looking at the 1-hour chart, we can see a head and shoulder pattern forming, with a notable emphasis around the 200 EMA. The right shoulder appears smaller than the left, suggesting the bears are in control. 💎There's a chance the price might drop below the demand zone and the pattern's neckline at 0.00002210, possibly leading to a bearish movement. What's on our radar? The price could potentially decline towards the demand zones, with the first target at 0.00002912 and a deeper target at 0.00002177. However, if the price surges above the right shoulder, it could disrupt this pattern. Stay tuned, Paradisers, for more updates and happy trading!
Short
by MyCryptoParadise_Nathan
floki usdt long Technical analysis: . floki is in a range bound, and the beginning of an uptrend is expected. Take Profits: TP1= @ TP2= @ SL= ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️
Long
by titou-tairova