FLOKI → A short term analysis

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hello guys.


The chart shows a head and shoulders pattern, which is a reversal indicator.
The price formed a left shoulder, head, and right shoulder pattern, signaling a potential bullish move.
Price has broken out of the yellow support zone (neckline of the pattern), confirming the reversal.
Immediate target is around 0.00014400 USDT (blue zone).
Extended target is around 0.00016600 USDT.
The bullish structure suggests an upward movement is expected after the breakout.

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floki reacted to the yellow area so sufficiently, it is toward the target
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the first target area touched:
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#floki #flokiusdt
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the next target touched:
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Beyond Technical AnalysisChart PatternsflokiflokicryptoflokiusdFLOKIUSDTTrend Analysis

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