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Floki

$floki- dead or alive?So $floki has been one of my favorite charts the past 3-4 months. Its got a great community, very special tokenomics, strong leadership and has a solid track record of TA thusfar. This last ABC pattern took us lower than any prior corrective move and in some regards that should be expected. It reached the 3.618 at the top of its last parabolic move in late October. But i also suspect the continued sell pressure (besides the 'bitcoin' affect on the market as a whole) has a bit more to do with market manipulation. The selloff's are into support, over and over....and over. All that said, they've only been enough to take the charts NEAR TO the breaking point. But any nefarious actor(s) probably could have broken it on multiple occassions. No i think this has more to do with keeping the price 'healthy' and 'true'. Rewarding the hodl'ers by preventing the token's value from unsustainable valuations too soon. Pushing the price down also keeps speculative traders and moonboy's from pumping (and then dumping) the token. Lastly, this volatile price action equals more transactions. More tx's equals more tx's fees. Fees that are used to market and promote #floki. Pro's- these tokenomics are intended to reward Hodl'ers and discincentivize scalpers and traders. A true community token. they are making serious strides on the marketing front with multiple professional athletic sponsorships and major advertisement initiatives. Con's- The number of token holders (350,000 currently) has plateau'd a bit the past month or so. Not what you would expect with all the marketing effort. The average investment value (mcap/# of token holders) is low compared to other meme coins. Doge- $4,791. Shib- $19,250. Floki- $3,714. (TO BE FAIR- Doge & Shib both have a digusting amount of tokens held by top 100 wallets (like 70% and 60% respectively. Floki is much more distributed and the comparitive number is <30%). As for the chart- Floki will either continue to grow or its chart will start looking very unsustainable in the next 24-48hrs. THIS IS NOT FINANCIAL ADVICE. NOT A FINANCIAL ADVISOR. THESE ARE MY OWN PERSONAL NOTES FOR REFERENCE AND BENCHMARKING PURPOSES ONLY. DYOR
Long
by McGorgeous
4
Small Backtest And a Few Price Development Scenarios FLOKI/USDTFloki to me is a combination of speculation and project on a fundamental basis. I've owned Floki for a long time. If you have to believe Social Media, every Memecoin is worth gold. Never buy any coin without analysis. A YouTuber promoting a coin is not an analysis. Now that Floki is finally showing some data on Tradingview, it's time for an analysis Fundamental and general analysis After last month's rally, Floki is consolidating. This is a good sign for me to generate a zone of liquidity for the future. I focus more on a rising price over the longer term, because: -Crypto, in general, shows a rising price (bullish) -The team behind Floki is working on a mega marketing campaign around the world. In December it's America's turn -Big names (Tyson Fury) promote FLOKI I also think it's important to also look at the critical side: - Manipulation is common with relatively low market cap coins. (currently around 2-3Billion) - The project is largely based on a meme which also increases the volatility. - If cryptos like Bitcoin and Ethereum fall in price, it often correlates to other currencies. The project can have so much potential but still drops in price (temporarily). Technical analysis - Currently, Floki is consolidating between 0.00022 - 0.00029. Wait for an outbreak and more confirmations (retest, fib levels, price action) before going long or short. - If the price breaks through resistance from support it's probably manipulation. keep an eye on the larger timeframes (preferably the daily). 0.00032-0.00036 is an area where you can expect resistance. (.61-.81 Fibonacci level) - Conversely, panic can be caused by the price breaking through the support. I'm keeping an eye on 0.000125 - 0.000160 to buy at a potential discountarea. Again, other confirmations are important here - In the most positive scenario, I have 0.0005 - 0.0006 zone in mind as the next price target to take partial profits (50% increase since last high.) Important - So at the moment I am neutral on price expectations and waiting for new data to go long or short - Always do your own analysis and don't risk more than you can lose. My opinion of Floki is not financial advice
by MerijnTrades
FLOKI/USD - Last BUY opportunity before PUMP? 😍Seems to me that FLOKI is preparing for another explosion in the future. We have consolidated in this area for some time and any buys above $0.00020 seem like a good entry in anticipation for a breakout. It's unlikely FLOKI will go lower than support unless the overall market takes a downturn (unlikely). As such, aim to enter either at support or during a breakout as FLOKI may attempt another rally soon. If not, it will just consolidate longer until the eventual pump happens. Bias favors the bulls once more. Like and follow if you liked my idea!
Long
by DU09
3