Alikze »» SHIB | Bullish Flag🔍 Technical analysis: Bullish flag in corrective zigzag wave 4
According to the analysis presented in the previous post, wave 3 or rising C in the area of 2.618 Fibo of the previous wave itself was completed.
💎 But now in the 1D time frame a bullish flag is formed in the form of wave 4 zigzag.
After exiting the congestion and descending channel in the supply range, it has faced selling pressure.
💎 Therefore, it can be offered after the pullback to the broken structure in the liquidity range by successfully collecting liquidity to break the zone.
💎 In addition, if the candle closes to the sub-zone in the daily time, the bullish scenario will be invalid and should be re-examined and updated.
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Floki
Alikze »» TURBO | 4H descending channel🔍 Technical analysis: Moving in the descending channel
- The daily frame time is moving in an upstream channel.
- But in the 4H frame time, there is a corrective form that is moving within a downtrend.
- This correction can first touch the range of 0.003052 if it is below the supply area and can extend this correction to the middle of the channel if continued.
💎 Alternative scenario: Also, if it can break the 0.0061 area, it could form an upward flag pattern that can continue the uptrend and continue its growth channel as much as the channel supply.
If the behavior and structure of the post will be updated, it will be updated.
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FLOKI Prints Bullish MACD Crossover On The Daily Chart — 15% PotHere are the details 👇
FLOKI printed a bullish MACD crossover on the daily chart. Simplified speaking, this happens when a shorter-term moving average moves above a longer-term average. Practically, it tells you that the token is gaining some upward momentum. Additionally, many market participants use the MACD to time their entry.
Backtest Details 🧐
On the daily chart, FLOKI has flashed the signal 11 times so far. FLOKI gained more than 2% in 10 out of 11 and more than 5% in 9 out of 11 signal occurences. However, the results for achieving more than 10% are slightly weaker (7 out of 11).
What about the chart 📊
FLOKI has found a local bottom at 0.00016 and should reverse from here. The first resistance is 0.0002, followed by 0.0003.
Potential & Approach 💰
The signal is calculated with a 15% profit potential, which is equal to the resistance at 0.0002. Therefore, a reasonable approach is to set a first take-profit target at the 0.0002 resistance and the second at 0.0003.
#FLOKI / USDT inverted head and shoulder. What is next?CRYPTOCAP:FLOKI gained 20% yesterday, indicating that its previous consolidation phase has ended. Are we going to see more uptrend?
What do we know?
CRYPTOCAP:FLOKI has a motivated team with a roadmap to become the most traded crypto in the world!
CRYPTOCAP:FLOKI has just been listed on Coinbase perp futures, similar to CRYPTOCAP:BONK and $PEPE. This shows that it is likely following in their footsteps, albeit a little later; both saw a 50% increase after their listings.
CRYPTOCAP:FLOKI has some utility compared to other memes, with integration into TokenFi, use as the native currency of Valhalla (a metaverse), and other projects.
Regarding the charts, I see an inverted head and shoulders pattern, a bullish signal with a target of 0.0004754, which represents a 65% pump. This aligns with the pumps seen in CRYPTOCAP:PEPE and CRYPTOCAP:BONK after their Coinbase listings.
I also see a parabolic trend that seems to continue for now.
There is a bearish divergence due to a CRYPTOCAP:BTC dump, which pushed down the RSI in the middle of the uptrend. In my opinion, this will not have any lasting effect since it was due to an external, temporary factor, but it needs to be mentioned.
The take profits are the fib extension.
Not a financial advice, DYOR.
FLOKI/USDT Technical Analysis: Potential for a 100% Rally!Hello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
Follow me for:
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~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
FLOKI is 57% below its all-time high of $0.000349. Currently, it is holding decent support at $0.000155, and a bounce-back is likely. The 200 EMA stands as resistance at around $0.000195 for FLOKI.
The RSI is currently at 40.01, suggesting that the price is in the neutral zone. There is room for upward momentum before reaching overbought conditions, which supports the bullish outlook.
Historical Price Movements:
~ First Bullish Leg (March 2024): The price surged by 162.82%, breaking out from a consolidation pattern and hitting a high of 0.00018581 USDT. This significant upward movement indicates strong buying interest.
~ Second Bullish Leg (May 2024): After a correction, the price saw another substantial increase of 154.55%, reaching 0.00019760 USDT. This confirms the ongoing bullish sentiment in the market.
~ Third Bullish Leg (Projected): The projected price action suggests a potential rise of 117.71%, targeting 0.00018233 USDT. This projection is based on the continuation of the ascending channel pattern and historical performance.
Invalidation Point: A breakdown and close below the mentioned support line.
DYOR. NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
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#PEACE
#FLOKI/USDT#FLOKI
We have a descending channel pattern on the 4-hour frame, the price is moving inside it and adhering to its borders well
We have a support area in green at a price of 0.000150 after the price touched it and rebounded from it
We have a trend to stabilize above the moving average 100
We have a downtrend on the RSI indicator that supports the price upwards
Entry price 0.0001641
First target 0.0001914
Second target 0.0002530
Third target 0.0002970
FLOKI FLOKI chart showing short term upside momentum. FLOKI mitigating orderblock (1&3) to moving upside.
It's indicating trend reversel. But still order block (2) and Inducement (💎) was available.
So FLOKI moving definitely upside and mitigating orderblock (2) to moving some downside is high possible.
FLOKI analysisAfter the bearish iCH in the internal structure, the price has created an internal pullback.
A trend line has also been broken, but the bullish momentum is very high. FLOKI's bearish trend is expected to be created from one of the two specified supplies.
By maintaining the resistance swap range, it can drop towards the targets.
The target can be demand at the bottom of the chart
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
FLOKIUSDT.4HExamining the 4-hour chart for FLOKI/USDT offers a detailed glimpse into its current technical landscape, allowing for an informed analysis.
Price Action: FLOKI/USDT is currently trading at 0.00024018, showing a slight increase of 1.99%. The chart indicates a pattern of higher lows, which could be viewed as a bullish signal. However, the price is presently near the support level S1 at 0.00018637, which needs to hold to maintain the upward trajectory.
Resistance Levels: The immediate resistance level R1 at 0.00033719 appears to be a significant barrier from past price interactions. The upper resistance R2 is set along an upward trendline, suggesting that if the price breaks above R1, it may find dynamic resistance as it ascends along this line.
Support Levels: The noted support at S1 is crucial; a breach below this could signal a shift in market sentiment to bearish, potentially leading to further declines. The support levels are critical for determining where buyers repeatedly enter the market, stabilizing the price.
Moving Average Convergence Divergence (MACD): The MACD indicator is below the zero line, which traditionally suggests bearish momentum. However, the MACD line is converging towards the signal line, indicating that the downward momentum may be losing strength, and a potential bullish crossover could occur if the trend continues.
Relative Strength Index (RSI): The RSI stands at 37.22, which is close to the oversold territory (below 30). This suggests that there might be potential for a bullish reversal as the market perceives FLOKI as undervalued.
Conclusion:
The technical outlook for FLOKI/USDT suggests cautious optimism. The near-oversold RSI and the converging MACD indicate potential for a reversal, but the key will be whether the support at S1 holds. If the price sustains above S1 and experiences a bullish MACD crossover, there could be an opportunity to target R1 as the next resistance level. However, if S1 fails, the sentiment might turn bearish, leading to a further decline. Traders should consider setting stop-losses below S1 to manage risk while preparing for a possible ascent towards R1 if upward momentum gains confirmation through technical indicators.
FLOKIUSDT.1DAnalyzing the FLOKI/USDT daily chart, I can see that the price recently peaked at a resistance level marked as R1 and is now retracing. I have drawn a green upward trendline that has been supporting the price movement; however, the current price action suggests a potential test of this support.
If the support holds, I anticipate a rebound towards the R1 level and potentially a move higher to R2. The Moving Average Convergence Divergence (MACD) shows a negative divergence as the MACD line is below the signal line, suggesting bearish momentum in the short term. Additionally, the Relative Strength Index (RSI) is around 54, indicating neither overbought nor oversold conditions but nearing the median, which aligns with a possible consolidation or retracement phase.
Based on the technical indicators and recent price behavior, my conclusion is that the market might experience further downward pressure in the near term. However, the support level delineated by the trendline and the S2 support zone should be monitored closely. A break below these could confirm a bearish trend, while a rebound from them could lead to a recovery back towards R1. The key will be how the price reacts to the trendline in the coming days.
FLOKI is Ready To Push Higher!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 FLOKI has been overall bullish, trading within the rising wedge in orange.
Currently, FLOKI is undergoing a correction phase and it is currently approaching the lower bound of the wedge.
Moreover, it is retesting strong demand zone marked in gray.
🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the gray demand zone and lower orange trendline acting as a non-horizontal support.
📚 As per my trading style:
As #FLOKI approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Entity enter the meme world ---- FLOKIMeme coins once again led the market last week. Awaiting a new narrative, traders enter the meme world. Yesterday, the famous market maker DWF Labs announced that it would invest US$12 million in meme coins.
Although DWF Labs has a rough behavior, institutions starting to invest in meme coins will bring about a more stable trend. Like the early days of the Big Bang, BTC was also a meme coin. The currently announced tokens include LADYS and FOLIKI, and there are still individual projects on the way. Judging from DWF Lab’s past cooperation, BONK may also be one of them. Of course, this is just our guess.
As a meme born at the same time as PEPE, the price of FLOKI broke through the historical high after the investment was announced, and it also led to the rise of TOKEN of its affiliated project TokenFi. TOKEN occupies a large proportion of DWF Labs’portfolio. It’s FLOKI instead of PEPE that also highlights DWF’s ambitions.
As a meme coin that has been listed on large exchanges, FLOKI already has enough influence. Capital flow and popularity are its main driving forces. As we said before when talking about other meme coins, the performance of our AI indicators on meme coins is as good as ever. At the daily level, the TSB indicator successively prompted BUY signals on February 20 and May 18, and then began a strong rise.
You can also use the TSB indicator on the 4h level, as shown in the chart, which can also help you gain profits from memes.
Introduction to indicators:
Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
FLOKI: Resistance BreakoutTrade setup : Price is in an Uptrend. Following a bullish breakout from Channel Down, price broke above $0.000316 resistance level, it's prior ATH. broke above ATH and resistance of $0.00031...going higher. How much higher? hard to tell what's the next resistance but using Fib Extension Levels are: $0.00034 (50%) $0.00036 (61.80%) $0.00039 (78.60%) $0.00044 (100%) $0.00056 (161.80%). MEMEs have been on fire, the big theme of this cycle.
Pattern : Resistance Breakout . Once a price breaks above a resistance zone, it signals that buyers have absorbed all the supply from sellers at this level and price can resume it's advance. Following a resistance breakout, the next closest resistance zone becomes a price target. Learn to trade key level breakouts in Lesson 7.
Trend : Short-term trend is Strong Up, Medium-term trend is Strong Up and Long-term trend is Strong Up.
Momentum : Price is Overbought currently, based on RSI-14 levels (RSI > 70).
Support and Resistance : Nearest Support Zone is $0.00027, then $0.0002.
FLOKIUSDT#FLOKI CRYPTOCAP:FLOKI Token Chart Update:
Looking at the chart, it has formed a beautiful pattern. First, it broke the ATH resistance and has maintained stability above the fib1 line. The next target is the fib1.618 level. Additionally, it has formed a cup and handle pattern, which indicates the same target.
So, we are ready for takeoff. Don't forget to fasten your seatbelts! 🚀
FLOKI THE NEXT PEPE?If you are following me from a while, you know i like to check how some coins repeat the same pattern. Like i made for XRP and DOGE, i am doing this for FLOKI and PEPE. As you can see, the chart is pretty the same. Floki is following exactly the PEPE chart. They are moving exactly the same moves from months, and i think we will see this again in the next few days. If it's going to happen, Floki price could surge by 60-70% in less than 2 weeks. Checking Floki chart, you can also see that it's bouncing from daily FVG, and this is so bullish
FLOKI’s Bullish Signals Amidst Volume Growth and ResistancesFLOKI has recently charted a series of higher lows on the daily graph, which have been supported by an increase in volume during their formation.
It is currently facing an initial resistance level, which, if surpassed, will lead to a more significant one that must be overcome to enter a free uptrend.
As I mentioned, the succession of higher lows, coupled with strong buying volume, should provide the necessary strength to break through the aforementioned resistances. However, we must remain vigilant because if it doesn’t, it will face the force of the bears.