FLOKI ready for the next leg up?!
Updated
Hi guys, a small update and my TA for Floki.
Wow! What a massive upwards movement! Congrats who took the ride. Why should you go long on TA perspective?
- The brown box is now acting as a support.
- On the lower time frames we see its moving in a falling wedge. In 2/3 cases it will break to the upside. You could trade it when its breaking out.
- RSI is cooling off.
- Volume is dropping. Could indicate for the next major move.
Keep om an eye on the next resistance 0000,27.
Good luck and happy trading!
Wow! What a massive upwards movement! Congrats who took the ride. Why should you go long on TA perspective?
- The brown box is now acting as a support.
- On the lower time frames we see its moving in a falling wedge. In 2/3 cases it will break to the upside. You could trade it when its breaking out.
- RSI is cooling off.
- Volume is dropping. Could indicate for the next major move.
Keep om an eye on the next resistance 0000,27.
Good luck and happy trading!
Comment
So Floki broke out of the falling wedge with a decent 14-15% upwards movement. I remain bullish on Floki. For example check the last 4 hours hammer candles and my brown support/demand brown box held it greatly for the second retest. Even when BTC is correcting...Happy trading guys!
Trade active
Floki still remains between the Brown box (support) and the orange line (resistance). When we break the resistance? Expect a next rally for Floki.Lets go!
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