Long

FLOKI-USD: The Elliott waves of the Vikings

Updated

FLOKI is a popular meme coin and ecosystem. Don’t ask me why.
I just read waves.
Claimed to be 10x or 100x potential in 2024/25.

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The Vikings make beautiful Elliott waves.
The 10x and 100x scenarios are clearly defined:

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FLOKI printed a new all-time high today, around 0.0000791, exceeding the mark 0.0000683 set a little over a year ago on February 16, 2023.
This should be confirmation of the outlook for more growth.

Keep moving, Vikings!

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From an Elliott wave perspective, this is also confirmation of the assignment and validity of the third wave in Cycle degree.
The prior ATH represented the culmination of the first major wave “one” since inception. For this I usually assign Cycle degree since it sets the stage for likely years of development. Subsequently, until September 2023, the coin was sold down by over three quarters in value. With revival of the alt-market in the fall, this coin appreciated in Primary degree waves one, printing a beautiful wave generation in Intermediate degree, and correcting that in wave two. On February 5, 2024, the Viking ship set sail on a trip in wave three, the dominant of all waves, for a journey of the generations: Wave three of Primary and Cycle generations.
Bon voyage.

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On course to conquering a decimal zero. But I think, I expect some resistance there, and a pullback.

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Zero destroyed, the ship is moving on….

One correction is in order. I have called the first large wave in the top chart the all-time high, which is false. I came across another data source which shows one additional peak before what I marked as Cycle I. This means that the first peak is simply a B and C wave of correction. It does not affect the relevant structures later. The bottom of the market is still Cycle wave two

unbeldi

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