FLOKI | Getting Ready for Another Massive Bullish Impulse..!!
#FLOKI (Update)
Consolidating in Classical Descending Channel Pattern..!!
In case of Upside Breakout, Expecting Massive Bullish impulse like 27-28th October So keep Your Eyes on it.
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FLOKIUSDT
FLOKI/USD - Support held well! Now time to pump it 🚀FLOKI found good support on the 0.00012 level twice... with this last drop making a higher low! This is bullish.
The RSI has also painted a bullish divergence and MACD on 4h already did a bullish cross.
What we can expect is a rally to the key resistance at $0.00018. Once there it is up to the bulls to see if they have the strength to take FLOKI higher.
If FLOKI can escape from this descending triangle in blue, it will fly and rally. That can lead to the next leg up in the search for a new all-time high.
We need a bit more volume, but otherwise, so long FLOKI does not drop below the triangle, we're good.
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FLOKI 4HOURS CHART ANALYSISas you can see floki is going to go down to 16k and then he will see a huge bullish to 42 to complete ABC elliott correction wave, don't miss this opportunity it's 150% profit .
DISCLAIMER: This is not an financial advice (its my own opinion) Please only invest what you can afford to lose, and do your own research before investing.
Small Backtest And a Few Price Development Scenarios FLOKI/USDTFloki to me is a combination of speculation and project on a fundamental basis. I've owned Floki for a long time. If you have to believe Social Media, every Memecoin is worth gold. Never buy any coin without analysis. A YouTuber promoting a coin is not an analysis. Now that Floki is finally showing some data on Tradingview, it's time for an analysis
Fundamental and general analysis
After last month's rally, Floki is consolidating. This is a good sign for me to generate a zone of liquidity for the future.
I focus more on a rising price over the longer term, because:
-Crypto, in general, shows a rising price (bullish)
-The team behind Floki is working on a mega marketing campaign around the world. In December it's America's turn
-Big names (Tyson Fury) promote FLOKI
I also think it's important to also look at the critical side:
- Manipulation is common with relatively low market cap coins. (currently around 2-3Billion)
- The project is largely based on a meme which also increases the volatility.
- If cryptos like Bitcoin and Ethereum fall in price, it often correlates to other currencies. The project can have so much potential but still drops in price (temporarily).
Technical analysis
- Currently, Floki is consolidating between 0.00022 - 0.00029. Wait for an outbreak and more confirmations (retest, fib levels, price action) before going long or short.
- If the price breaks through resistance from support it's probably manipulation. keep an eye on the larger timeframes (preferably the daily). 0.00032-0.00036 is an area where you can expect resistance. (.61-.81 Fibonacci level)
- Conversely, panic can be caused by the price breaking through the support. I'm keeping an eye on 0.000125 - 0.000160 to buy at a potential discountarea. Again, other confirmations are important here
- In the most positive scenario, I have 0.0005 - 0.0006 zone in mind as the next price target to take partial profits (50% increase since last high.)
Important
- So at the moment I am neutral on price expectations and waiting for new data to go long or short
- Always do your own analysis and don't risk more than you can lose. My opinion of Floki is not financial advice
FLOKI/USD - Last BUY opportunity before PUMP? 😍Seems to me that FLOKI is preparing for another explosion in the future.
We have consolidated in this area for some time and any buys above $0.00020 seem like a good entry in anticipation for a breakout.
It's unlikely FLOKI will go lower than support unless the overall market takes a downturn (unlikely).
As such, aim to enter either at support or during a breakout as FLOKI may attempt another rally soon.
If not, it will just consolidate longer until the eventual pump happens. Bias favors the bulls once more.
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$FLOKIUSDT Cypher PatternFloki Inu Coin Price & Market Data
Floki Inu price today is $0.00023525 with a 24-hour trading volume of $34,127,064. FLOKI price is down -8.9% in the last 24 hours. It has a circulating supply of 0 FLOKI coins and a total supply of 10 Trillion. If you are looking to buy or sell Floki Inu, PancakeSwap (v2) is currently the most active exchange.
Floki is the name Elon Musk wishes to give to his future pet Shiba. Floki Inu has a token burn of 1% each transaction, transaction fees of 5%, and a transaction redistribution to holders of 5%.