Complementing Elliott Wave With Keltner ChannelThe price chart of Floki got me scratching my head knowing fully well this is a great opportunity with a small risk.
From the low, we rallied in five wave for 9 days with a gain of 693.07% and have since traded in a corrective price channel for 65 days and have lost 82.16% of it ATH value.
Moving forward, for those who a familiar with Keltner Channel, we are currently bouncing of the low of the channel indicating that the correction may have probably ended or coming to an end.
From Elliott perspective, we are currently tracing out an ending diagonal for the wave C of the zigzag which are usually followed by a dramatic reverversal typically taking price to atleast the origin of the pattern and beyond.
Don't forget to do your own research.
I hope you find the analysis useful.
M. A. ONIMISI
FLOKIUST trade ideas
FLOKIUSDT is creating a falling wedge 🦐FLOKIUSDT is creating a falling wedge on the daily support.
IF the price is going to have a breakout, According to Plancton's strategy (check our Academy ), we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
FOLKI 4H (30 Dec) PHOENICHi, Wellcome
We can open a Nice order here, You just need to open the Trade At the Retest not just after the Breakout.
Because confirmation is necessary rather than losing money.
So just follow the mentioned
Open Order Price
TP Price
SL price
Note: please keep in mind that if any bad news happens regarding this Coin then you should need to work promptly.
FLOKI/USD - Prepare the ROCKET!!! We're leaving Earth in 5, 4, 3FLOKI is at the end of this descending triangle in blue.
Break above it and FLOKI's rocket should have liftoff!
Firs target is at $0.00017, remaining ones are on the chart.
MACD is bullish too. Expect volatility to return soon.
Chart looks promising. Bias is bullish right now. Support held well so far.
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Important support zone for Floki inuSo the day trading volume has decreased in the crypto market, this is why we see small day candles, but for floki inu we are on important support zone if we close below it then the price will go to a next support zone, I don't think we will se in the coming days a 5x unless it will be listed in a new exchange., We saw how the rumors of listing it on binance gave the price a good boost
9 reasons to buy Floki Inu - Floki Inu has become one of the most popular dog copycat coins in the crypto market.
- Inspired by Elon Musk.
- The community of Floki is very strong and popular.
- A new huge record of 350.000 holders.
- Official Coin Partner : FLOKI new Partner of FC Twente.
- The beginning of an era : Chainlink Today looks at the #FLOKI x #Chainlink intergration and the possibilities that Chainlink makes possible for #Floki.
- Floki the top cryptocurrency based on AltRank according to #LunarCRUSH !
- #Tyson_Fury the new viking ambassador of FLOKI.
- Soon : The introduction of floki on binance.
Technical Analysis :
From the technical analysis point of view, we have several signals which confirm an uptrend of FLOKI.
The 0.00011824 and 0.00013553 levels are very powerful supports or the price has tested for many times. We see in the graph how the price respects the supports.
How to buy Floki ?
Check the link !
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.
Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!!
Thanks for Your Love & Support..!!
KEEP PATIENT✅PREVIOUSLY ON FLOKI
Wave counting Based on Weekly candles.
💡0...0
↗️1wave(impulse)
💡1...0.000095(SELL)
↘️Simple 1wave(correction)
💡2...0.00005111(BUY)
↗️5waves(impulse)
💡3...0.00040534(SELL)
↘️Zig Zag 3waves(correction)*Rule of alternation
💡4...0.000115 or less? (BUY)
↗️5waves(impulse)
💡5...*(SELL)
↘️5waves(impulse)
💡A...*(BUY)
↗️3waves(correction)
💡B...*(SELL)
↘️5waves(impulse)
💡C...*(BUY)
✅ WHERE WE ARE
*I redrew TLs.
We were waiting for the good bullish point, 0.00012692(Fib78.6), and it's bounced at 0.000115.
We'd be bullish even if 0.000115 is broken as long as 0.00005111 remains unbroken.
*As long as 0.00005111 remains unbroken, this idea is valid.
💡The absolute principle for trading💡
BUY - as low as possible
SELL - as high as possible
PLEASE DO NOT FORGET TO SMASH LIKE👍🏻 AND FOLLOW ME❤ IT MOTIVATES ME TO THE NEXT IDEA! THANK YOU 🎉
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- dead or alive?So $floki has been one of my favorite charts the past 3-4 months. Its got a great community, very special tokenomics, strong leadership and has a solid track record of TA thusfar.
This last ABC pattern took us lower than any prior corrective move and in some regards that should be expected. It reached the 3.618 at the top of its last parabolic move in late October.
But i also suspect the continued sell pressure (besides the 'bitcoin' affect on the market as a whole) has a bit more to do with market manipulation. The selloff's are into support, over and over....and over. All that said, they've only been enough to take the charts NEAR TO the breaking point. But any nefarious actor(s) probably could have broken it on multiple occassions.
No i think this has more to do with keeping the price 'healthy' and 'true'. Rewarding the hodl'ers by preventing the token's value from unsustainable valuations too soon. Pushing the price down also keeps speculative traders and moonboy's from pumping (and then dumping) the token.
Lastly, this volatile price action equals more transactions. More tx's equals more tx's fees. Fees that are used to market and promote #floki.
Pro's- these tokenomics are intended to reward Hodl'ers and discincentivize scalpers and traders. A true community token. they are making serious strides on the marketing front with multiple professional athletic sponsorships and major advertisement initiatives.
Con's- The number of token holders (350,000 currently) has plateau'd a bit the past month or so. Not what you would expect with all the marketing effort. The average investment value (mcap/# of token holders) is low compared to other meme coins. Doge- $4,791. Shib- $19,250. Floki- $3,714. (TO BE FAIR- Doge & Shib both have a digusting amount of tokens held by top 100 wallets (like 70% and 60% respectively. Floki is much more distributed and the comparitive number is <30%).
As for the chart- Floki will either continue to grow or its chart will start looking very unsustainable in the next 24-48hrs.
THIS IS NOT FINANCIAL ADVICE. NOT A FINANCIAL ADVISOR. THESE ARE MY OWN PERSONAL NOTES FOR REFERENCE AND BENCHMARKING PURPOSES ONLY.
DYOR