Floki Inu - pressure from below
Floki is currently above the current yearly POC which is at 589 :) and still developing.
Usually the price runs into the next smaller POC which are the blue lines in my chart (monthly POCs from previous periods.
Unfortunately i couldn't find a chart with a POC from last year and to calc it by hand is a mess (at least for me :))
Explanation: POC is often called LIS - line in the sand. If price is above the LIS you can expect a bullish price movement and vice versa. Yearly POCs are the strongest, then monthly, weekly and so on. Usually the price is running from the strongest POC to the next strongest POC and will use POCs of lower timeframes as support and resistance.
Let's see what will happen :)
Usually the price runs into the next smaller POC which are the blue lines in my chart (monthly POCs from previous periods.
Unfortunately i couldn't find a chart with a POC from last year and to calc it by hand is a mess (at least for me :))
Explanation: POC is often called LIS - line in the sand. If price is above the LIS you can expect a bullish price movement and vice versa. Yearly POCs are the strongest, then monthly, weekly and so on. Usually the price is running from the strongest POC to the next strongest POC and will use POCs of lower timeframes as support and resistance.
Let's see what will happen :)
Penafian
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