FLOKI INU has grown by an astonishing +1000% since February's lows and naturally is vastly overbought on its 1D technical outlook. Before a mega rally, Floki tends to drop below the 1D MA50, in order to gain accumulation. We will buy a week after it crosses under the 1D MA50 and sell near the 1.5 Fibonacci extension (TP = 0.0010).
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As 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 $
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...
Here is the same dynamic going on with Bitcoin;
➖ We have a bullish breakout followed by a retrace.
➖ We can call this a test of resistance as support as well as the classic Cup & Handle pattern.
➖ There is always a falling wedge within the cup & handle, a higher low, etc.
➖ Both the MACD and RSI are on the bullish zone.
👉 Seeing this pair going bullish...
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...
floki has created a cup and handle similar to shiba but on a smaller scale
we have 11% to the 200 day and the cup depth placed ontop of the rim round about correlates
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...
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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Hello 🐋
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 ✔️
if
the price doesn't break the support zone to the downside, we will see more gain, at least to our upper trend line 💣🚀
otherwise
we can see more...
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,...
Hello
According to the technical chart and the breaking of the downward trend line and pullback, the price can be expected to rise up to the indicated place.
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...
