Floki Swing long with the 5th waveAs you can see, we can count Elliot waves till here. Fibonacci levels match the end of wave 4 projection, and a few shadows came across and then came back up fast at 61.8% level.
This is a high-risk trade with good risk to reward ratio.
Entry: 0.0000314469 $
TP: 0.0000418000 $
SL: 0.0000283767 $
FLOKIUSD trade ideas
FLOKIUSD Massive buy initiated, ATH test at least.Floki Inu (FLOKIUSD) is posting a massive 3 week bullish sequence that the crypto hasn't seen since January. This time it is on a 1W MACD Bullish Cross that is still below the 0.0 neutral mark, meaning that the upside potential is significant.
We expect a pull-back towards the 1D MA50 (red trend-line), but as long as it holds, it should spur the second wave of aggressive buying towards at least the 0.0000685 All Time High (ATH). The upside of this asset as a high risk investment is very high in our opinion.
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โด๏ธ Floki Inu | Cup & Handle (Same As Bitcoin)Here is the same dynamic going on with Bitcoin;
โ We have a bullish breakout followed by a retrace.
โ We can call this a test of resistance as support as well as the classic Cup & Handle pattern.
โ There is always a falling wedge within the cup & handle, a higher low, etc.
โ Both the MACD and RSI are on the bullish zone.
๐ Seeing this pair going bullish supports my view that the recent bearish action was a small retrace, now the market is ready to resume growing.
October is set to be a good month for Cryptocurrency...
Namaste.
Will FLOKI Price Revamp By 30%?FLOKI price action indicates a descending triangle breakdown rally resulting in a 23% decrease.
FLOKI coin price witnesses a bullish RSI divergence as the breakdown rally turns sideways.
A bullish reversal from the new demand belt might boost the FLOKI coin price by 30%.
Despite the remarkable gains earlier in 2023, FLOKI's price remains on a downside trajectory.
Trading 95% below its all-time high, FLOKI's price shows signs of potential reversal.
Post the descending triangle breakdown, FLOKI's price fell further by 23%.
The demand belt formed at $0.0000165 acted as a bounce-back spot for Floki in the past.
FLOKI's price teases a reversal rally to approach the broken level of $0.000020.
Daily RSI is on the rise, hinting at a potential bullish rally.
MACD also indicates a bullish crossover.
If FLOKI starts a new bull cycle, it might surge by 30% to $0.000020.
However, falling below $0.00001685 could push FLOKI to test the $0.000012 level.
Will FLOKI price reach $0.000030 with this breakout?FLOKI price action shows a descending triangle pattern with the bottom level at $0.000021.
Currently, the FLOKI price action shows a consolidation range at the bottom support level.
The RSI indicator shows a bullish divergence within the consolidation range. Moreover, the MACD indicator shows a bullish crossover, increasing the bullish breakout chances.
The range breakout can fuel the FLOKI price rally to challenge the resistance of the triangle close to $0.0000249. Moreover, the triangle breakout rally can pump the meme coin to $0.000030.
FLOKIUSD is 0.000077 realistic after today's pump?FLOKIUSD crossed over April's 24th High with ease as it smashed above the 1D MA50. The MACD is on a strong rise as well, completing a Bullish Cross. According to a similar price action in February, the current rally can complete the move on Fibonacci 2.0. That is at 0.000077 and is a trade worth taking.
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FLOKIUSD breakout of the triangle pattern and more gain ๐๐ก๐Hello ๐
Based on the chart, the price is in the parallel channel close to the triangle support (previous triangle resistance area) and new volume recognize for the price, and it is close to the Fibonacci support level โ๏ธ
if
the price doesn't break the support zone to the downside, we will see more gain, at least to our upper trend line ๐ฃ๐
otherwise
we can see more correction to lower support level โ๐งจ
if
breakout of the upper resistance zone be completed, we can see more pump to the upside โ๏ธ๐
Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) ๐๐ก
Please, feel free to share your point of view, write it in the comments below, thanks ๐
FLOKIUSD Resistance and Support strategy only.Floki Inu (FLOKIUSD) is having the strongest 1D rise since February 22, hitting again the 1D MA50 (blue trend-line). This doesn't alter the neutral sentiment within Resistance 1 and Support 2. We are only buying above Resistance 1, targeting Resistance 2 (0.00005645) on what can be the Higher High of an emerging Channel Up pattern or sell below Support 1, targeting Support 2 (0.0000185850).
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FLOKIUSD Can rise another +100% from here to 0.00010!Floki Inu / FLOKIUSD is one of the hottest crypto of 2023 having had two major rallies already of +180% and +250%.
Both of those rallies reached the Fibonacci 5.0 extension.
It is again rising having crossed over the MA50 4H.
Trading Plan:
1. Buy on the spot.
Targets:
1. 0.00010 (slightly under the Fibonacci 5.0 extension).
Tips:
1. The RSI 4H is trading inside a Rectangle for the whole 2023. Rebounds near its bottom have been major buy confirmations, similarly rejections near its top have been major sell confirmations. Exploit this.
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