Crypto Express

07/21 00:45

FLOKI traders should be prepared

Using the move down from $0.000123 to $0.000059 that occurred in May and June, a set of Fibonacci levels was plotted.

It showed that FLOKI has reached the initial target of $0.000139, the 23.6% northward extension level. The next target was at $0.000163.

The CMF had been above +0.05 in recent days to signal strong capital flow into the market, but it dropped to +0.02 at the time of writing.

The A/D indicator, on the other hand, has maintained its steady uptrend over the past month. Together, the volume indicators outlined strong demand for FLOKI, which has slowed down over the past three days.

The MACD, like the price action, signaled strong bullish momentum. There weren’t any clues of a sizeable retracement ahead for FLOKI.

A possible downward move to collect the liquidity at $0.00012 could come, especially if Bitcoin witnesses a price dip.

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