FLOKI / TetherUSLong
Alikze »» FLOKI | Upward wave 5 scenario
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🔍 Technical analysis: Ascending wave 5 scenario - Ascending triangle corner pattern
- In the 1W timeframe, a zigzag correction was preceded by an inability to break through the supply zone.
- Zigzag modification has formed an ascending angle triangle pattern.
- According to the bullish structure and behavior, it can have another bullish cycle.
- Currently, it has left the corner of the ascending triangle and has faced selling pressure in the supply area.
- Therefore, it can break the supply zone after the pullback to the broken structure and move to the next supply zone.
- This rising log can be wave 5 and the last wave of the rise, which can rise at least as much as the previous wave (wave 3). Or to be able to grow as much as the previous log.
💎Therefore, according to the size of the previous log, which has grown by more than a thousand percent, this log can grow by almost 1000 percent from the floor before the growth modification.
⚠️Note: If the bottom is touched before, the zigzag correction will be complicated and the analysis will be invalid and need to be re-checked.⚠️
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FLOKIUSDT
- In the 1W timeframe, a zigzag correction was preceded by an inability to break through the supply zone.
- Zigzag modification has formed an ascending angle triangle pattern.
- According to the bullish structure and behavior, it can have another bullish cycle.
- Currently, it has left the corner of the ascending triangle and has faced selling pressure in the supply area.
- Therefore, it can break the supply zone after the pullback to the broken structure and move to the next supply zone.
- This rising log can be wave 5 and the last wave of the rise, which can rise at least as much as the previous wave (wave 3). Or to be able to grow as much as the previous log.
💎Therefore, according to the size of the previous log, which has grown by more than a thousand percent, this log can grow by almost 1000 percent from the floor before the growth modification.
⚠️Note: If the bottom is touched before, the zigzag correction will be complicated and the analysis will be invalid and need to be re-checked.⚠️
»»»«««»»»«««»»»«««
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support.
Best Regards,❤️
Alikze.
»»»«««»»»«««»»»«««
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Ascending spread candle. 
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