FLOKIUST trade ideas
$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
BUY FLOKI NOWfloki is going to see a huge bullish trend , what interested is the profit 1201% floki is going to make us rich just hold on .
thank you for watching the analysis, it will be great when you support it with a like, follow me for more market analysis and good buy opportunities.
If you have any criticism put it in a comment we are here to learn more from each other and thanks .
DISCLAIMER: This is not an financial advice (its my own opinion) Please only invest what you can afford to lose, and do your own research before investing .
Please provide a meaningful and detailed description of your
Please provide a meaningful and detailed
description of your analysis and prediction. Walk us
through your thought process. Put yourself in the
reader's shoes and see if you would understand the
context based on what you wrote. Clearly stated
profit targets and stop loss areas help clarify any
trade idea.
Please provide a meaningful and detailed description of your
Please provide a meaningful and detailed
description of your analysis and prediction. Walk us
through your thought process. Put yourself in the
reader's shoes and see if you would understand the
context based on what you wrote. Clearly stated
profit targets and stop loss areas help clarify any
trade idea.
BOUNCED AS EXPECTED, WE'D SEE THE SKYROCKET AGAIN🐶🚀✅PREVIOUSLY ON FLOKI
Wave counting Based on Weekly candles.
💡0...0
↗️1wave(impulse)
💡1...0.000095(SELL)
↘️Simple 1wave(correction)
💡2...0.00005111(BUY)
↗️5waves(impulse)
💡3...0.00040534(SELL)
↘️Zig Zag 3waves(correction)*Rule of alternation
💡4...0.000115?(BUY)<-We were waiting
↗️5waves(impulse)
💡5...*(SELL)
↘️5waves(impulse)
💡A...*(BUY)
↗️3waves(correction)
💡B...*(SELL)
↘️5waves(impulse)
💡C...*(BUY)
✅ WHERE WE ARE
As we expected on the last idea, the price bounced around Fib 78.6
If my counting is correct, 0.00040534(ATH) will be broken.
*As long as 0.00005111 remains unbroken, this idea is valid.
💡The absolute principle for trading💡
BUY - as low as possible
SELL - as high as possible
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