✴️ Floki Inu Looking Way Better Now (Easy 250% Potential)

8 Sep 2023

The same pattern I drew almost 3 months ago is still valid.
The bullish bias previously described for FLOKIUSDT based on the falling wedge pattern and chart signals has become stronger, this pair looks ready to grow.

Let's recap on some of these signals.
The MACD is now above the signal line, the famous bullish cross. When there is a bullish cross the histogram turns green, indicating that the cross took place.

The RSI is at 55 while prices trade near support. This is always really important, FLOKIUSDT has been dropping since February, a strong RSI reading is very supportive at this point.

While volume is relatively low, it is still above-average on the daily timeframe and the highest in months.

This very same day we have a full green candle as prices move above EMA21 and EMA10. Additional bullish confirmation happens when the day closes above these levels.

Long-term targets can be found in the previous trade idea, here you can find short- to mid-term ones.

Namaste.