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.
Kommentar:
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.
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.
Kommentar:
Floki got stuck under the channel's upper line. Let's see if Floki can break this line or not.
Floki got stuck under the channel's upper line. Let's see if Floki can break this line or not.
Kommentar:
Something like this could unfold. Let's see what happens.
Something like this could unfold. Let's see what happens.
Kommentar:
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.
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.
Kommentar:
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.
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.
Kommentar:
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.
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.
It seems Floki's 4th wave is resting in a triangle pattern.