Analysis of Floki/USDT on the H4 timeframe based on indicators on November 18
1. Price trend:
• Current price: 0.00025237 USDT, down 3.52% compared to the previous session.
• Bollinger Bands (BB): The price is fluctuating near the middle line (Moving Average). The Bollinger Bands are showing signs of narrowing, indicating that the market may be in a consolidation phase and could be preparing for a breakout.
• Support and resistance levels:
• Nearest support: 0.00024881 USDT (the lowest price in the last 24 hours).
• Resistance: 0.00028000 USDT.
2. Technical indicators:
• MACD:
• DIF: 0.00001130 and DEA: 0.00001352, indicating that the MACD line is gradually crossing below the signal line. This is a sign of weakening and may indicate a potential short-term bearish reversal.
• Histogram: The negative bars are getting smaller, indicating that the downward momentum is not too strong.
• RSI (Relative Strength Index):
• RSI(6) = 46.05, RSI(12) = 53.13 and RSI(24) = 56.92, all are within the neutral zone (40-60). There are no clear overbought or oversold signals, but a slight downward trend may continue.
• Stochastic (KDJ):
• K = 44.42; D = 53.94; J = 25.40. J has dropped below K and D, giving a short-term sell signal.
• Volume:
• Trading volume is gradually decreasing, reflecting cautious sentiment from investors.
3. Short-term forecast:
• If the price continues to break the support level of 0.00024881, it may decrease towards the area of 0.00023405.
• If the price rebounds from the support area and surpasses the resistance of 0.00028000, the upward trend will return.
Note for Floki investors:
• Monitor reactions at the strong support level, avoid FOMO when there is no clear breakout.
If you need more detailed information or want to analyze other indicators, please let me know!
