Fottie - Potential Leap to 1,000x
- Currently a 960k market cap at the time of writing, this frog memecoin has plenty of space to the upside.
- Fottie is displaying an extremely similar fractal/behavior that saw Pepe bottom in October 2023 and breakout from a downward wedge.
See below chart for PEPE:
PEPE at the time of writing has a 4.4bn market cap. Fottie has just shy of 1million. Even with a 1,000x it will still remain in the shadow of Pepe.
So back to PEPE:
- Recently Fottie on it's exit from the white wedge also broke out into the RSI bull zone (from the indicator at the bottom of the chart). It is now on a volatile rampage up to the 0.5 or 0.618 fib level.
- From there it will likely correct to form its first completed Wave 1 of 5 wave. That would create an inverse head & shoulders.
- Dec 2024 to Feb 2025 is likely to will lead to the most volatile 3rd wave in the memecoin space. Before it finally tops out on it's Macro Wave 3 around February 2025.
- From break-out (green vertical line) to T1 (Target 1) this is a 227,000% gain (2,270x). From current levels a 86,000% gain (860x) in dollar terms.
- Ignore this frog at your peril.
See you in 6-7 months!
P.S. If you like the RSI Bull/Bear Thresholds indicator at the bottom of the screen, drop a comment below. It will soon be made available for a small exclusive audience.
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