$FLOKI Price Analysis URGENT UPDATE :
Floki after the recent dump has shown recovery sign and has recently pumped from 0.000121 to 0.000156 this is considered a positive sign but to understand better situation of market chart pattern analysis is very necessary and according to the 4hr candle chart pattern it can be clearly observed That A M pattern is forming on 4hr chart. Whenever M pattern is formed at the support level its clear a bullish reversal is coming as the market is forming higher high lower low. To confirm this pattern it is necessary for Floki to touch it's neck line at 0.000133. once this level is retested so yes guys it's confirmed that we are in a bull market.
A moving average of 9 and 18 days is also forming a bullish reversal at 15 minute time frame but the most importantly Exponential moving Average of 50 and 100 days is near to make a golden cross at 15 minute time frame which indicates a strong bullish momentum is coming.
Relative strength index ( 7, 20, 50 ), are near to oversold territory which also indicates a bullish momentum is coming soon.
NOTE: Trade with caution.
