Floki Inu (FLOKIUSD) made a strong rebound from its April 08 bottom, which happened to be on the Higher Lows trend-line from its 2022 Bear Cycle Low. That was a major Buy Signal long-term and right now the price has found itself ranged within the 1D MA200 (orange trend-line) and 1D MA50 (blue trend-line).
A break above its 1D MA200 would by the next Buy Signal as it would confirm the full extension of this Bullish Leg. This is similar to what took place on Phase 2 after the start of the previous Bullish Leg (November 2023).
That structure peaked at +2217% from the bottom. If the same price rally happens again, we can expect Floki to target 0.0010 by the end of the year, which will be marginally above the 0.5 Fibonacci level of the historic Fib Channel.
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A break above its 1D MA200 would by the next Buy Signal as it would confirm the full extension of this Bullish Leg. This is similar to what took place on Phase 2 after the start of the previous Bullish Leg (November 2023).
That structure peaked at +2217% from the bottom. If the same price rally happens again, we can expect Floki to target 0.0010 by the end of the year, which will be marginally above the 0.5 Fibonacci level of the historic Fib Channel.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.