Floki inu
Updated
It seems Floki has started an uptrend wave weeks ago, when in January it broke the long triangular pattern and then pumped up. After that, Floki entered a correction wave which unfolded in a symmetrical triangle pattern; again. Moreover, recently price broke the corrective triangle pattern, thus another impulse wave is not far off.
P.S. Be aware that Floki is a meme coin and a sudden pump or dump could happen.
P.S. Be aware that Floki is a meme coin and a sudden pump or dump could happen.
Note
It seems Floki's 4th wave is resting in a triangle pattern.
Note
After all, it turns out that the Floki's corrective 4th wave is shaped somewhat like a descending channel. Anyway, Floki started a strong upward wave from the bottom of this channel, trying to reach the upper line and possibly break it. Let's see what happens.
Note
Floki got stuck under the channel's upper line. Let's see if Floki can break this line or not.
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Something like this could unfold. Let's see what happens.
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So, after Floki correction, the next upward wave started and is going toward the wave 5's target. It seems either an A-B-C pattern could unfold or a set of 5 minor waves. Let's see what happens.
Note
So, Floki went up sharply, and wave 5 has reached level 1 of the Fib extension. Could the wave 5 get extended, and wave 5 go higher? Let's see what happens.
Note
So, Floki went up beyond Fib level 1 extension and got a little extended above Fib level 1.272. Then, correction started and Floki came down. It seems major wave 5 (Cyan) could be the extended one that goes beyond normal boundaries. Let's see what happens.
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So, Floki is getting ready for the major wave 5. Let's see what happens.
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