FLOKIUSDT Technical analysis update
FLOKI price is breaking above a trend resistance line on the 4-hour chart with high trading volume. and the price is trading above both the 100-day and 200-day EMAs.
Buy zone : Below $0.195
Stop loss : $0.160
Regards
Hexa
💎 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...
💎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...
With the recent developements in Floki, it's fundamentals are too strong for mid-term. Elon's post about it, combined with Binance.US listing and a month later Binance listing, not delisting it in US during the recent SEC brawl combined with the lowest market cap among all the memcoins listed on Binance.
I see a strong downtrend being broken in the upcoming weeks...
Technical analysis:
. floki is in a range bound, and the beginning of an uptrend is expected.
Take Profits:
TP1= @
TP2= @
SL=
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