who wants 2.5x profit?!
2024-07-10
Category: gaming

hello guy.
let's analyze Floki!

 1. Chart Overview: 
   - The chart is of Floki Inu (FLOKI/USDT) on a weekly timeframe.
   - Current price: approximately 0.00015197 USDT.
   - The chart displays a rounded bottom pattern, a bullish reversal pattern.

 2. Key Patterns: 
   - Rounded Bottom and a cup and handle pattern: The chart shows a clear rounded bottom pattern starting from late 2021 to mid-2023. This pattern indicates a gradual shift from a downtrend to an uptrend, suggesting a potential long-term bullish reversal.

   - Ascending Channel: After the rounded bottom formation, the price is moving within an ascending channel, marked by two parallel trendlines.

 3. Support and Resistance Levels: 
   - Support: The lower boundary of the ascending channel acts as a dynamic support level, currently around 0.00012000 USDT.
   - Resistance: The upper boundary of the ascending channel is a dynamic resistance level, around 0.00036000 USDT. Additionally, there is a significant resistance level at approximately 0.00034692 USDT, marked by the blue horizontal line.

 4. Price Target: 
   - Based on the measured move from the breakout of the rounded bottom to the current trend, the immediate price target is around 0.00034692 USDT. This represents a potential upside of 228.15%.

 5. Potential Price Movement: 
   - The price is expected to continue moving within the ascending channel, respecting its boundaries.
   - A breakout above the resistance level at 0.00034692 USDT could lead to further bullish momentum. In contrast, a breakdown below the support level of the ascending channel would indicate a potential bearish reversal.

  Summary: 
The weekly chart of Floki Inu (FLOKI/USDT) displays a bullish rounded bottom pattern followed by an ascending channel. The price is likely to continue its upward movement towards the target of 0.00034692 USDT, provided it stays within the ascending channel. Key support is around 0.00012000 USDT, and the significant resistance level is at 0.00034692 USDT. This analysis suggests a bullish outlook with a potential upside of over 200%.

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