THIS UPDATED WEEKLY LOW, AVERAGE & HIGH OF $FLOKI WILL TEACH YOU SEVERAL CRYPTO MARKET PATTERN READING TECHNIQUES!
Looking at this altcoin's retest of its weekly high. We were able to conclude that this still has its strength for reattempts in breaking the current major resistance. A closer viewpoint at its price rejection would eventually give us the idea of how sellers would most likely react every time the price hits the supply zone. For the weekly average, price has marked its own middle zone for resting from pressure and breakdowns. This level is most likely where its ranging market would continue to move in between. As per our analysis with the weekly low. The potential for a complete breakdown would be unlikely to happen. Since the interest for this altcoin is currently surging. Not unless an unexpected variable appears. Then, this altcoin may continue to move in range until a huge price action will happen. We look at this altcoin's potential for a breakout with optimism. Thus, it would be wise to be on the lookout for potential confirmation of a breakout.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.
