FLOKIUSDT → Pre-breakout consolidation. 35% potential ↑

8月29日FLOKIUSDT practically does not react to the manipulative fall of bitcoin. A breakthrough of the channel resistance and consolidation with the purpose of continuing growth is formed. It is worth paying attention to the zone of 16.00



The coin has been in an downtrend for a long time. But interesting preconditions are forming on H4. Floki lives separately from the market, consolidates above SMA 200 & 50 and continues to test 16.00 for a breakout. Bears are still trying to hold this zone, but their strength is running out. Volumes are rising as is the potential for a pre-breakout consolidation.

Resistance levels: 16.00, 21.00
Support levels: SMA, 14.056

Technically, the emphasis is on a resistance breakout. Consolidation may last for some more time. The structure will be broken if the price breaks the support at 14.056, but until that happens I am waiting for the realization and growth to 21.00

Rate, share your opinion and questions, let's discuss what's going on with ★ FLOKIUSDT ;)

Regards R. Linda!