FLOKI/USDT Analysis in 4H 😏
Updated
Hi 🌱
As you can see in the 4-hour chart, this memecoin is located in an ascending triangle. After the formation of the first ascending wave in this triangle, the price entered the correction phase and corrected up to the 0.618 Fibonacci line; Floki is still completing its second bullish wave. If it can break this upward triangle, its targets are expected to be 42, 46, 51. Otherwise, breaking the downward trend line of the 10-12 region can prevent this meme coin from falling further.
💙
Arztoday Team
Analyzer ✍: AR.Rashidi
As you can see in the 4-hour chart, this memecoin is located in an ascending triangle. After the formation of the first ascending wave in this triangle, the price entered the correction phase and corrected up to the 0.618 Fibonacci line; Floki is still completing its second bullish wave. If it can break this upward triangle, its targets are expected to be 42, 46, 51. Otherwise, breaking the downward trend line of the 10-12 region can prevent this meme coin from falling further.
💙
Arztoday Team
Analyzer ✍: AR.Rashidi
Trade closed: target reached
TP1 TouchedTrade closed: target reached
TP2 TouchedTrade closed: target reached
TP3 Touched
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.