Floki inu

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.

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It seems Floki's 4th wave is resting in a triangle pattern.

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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.

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Floki got stuck under the channel's upper line. Let's see if Floki can break this line or not.

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Something like this could unfold. Let's see what happens.

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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.

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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.

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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.

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So, Floki is getting ready for the major wave 5. Let's see what happens.

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SaeedSalehinia

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