FKX Technical Analysis – December 2021
Monthly Analysis
In the last 30 days, FKX was overall bearish. The price initially declined by around 56%. After the price found support at around $0.07, the price had a bullish breakout of 90%. Nonetheless, the price was stopped at $0.13, and it then continued to decline. Currently, the price of FKX is bearish and is testing resistance at $0.077.
Weekly Analysis
In the last 7 days, the price of FKX has been jumping up and down by around 20%, showing signs of quite high volatility. The price is currently in a consolidation phase, but since the trend is facing downward, we could see the price of FKX keep declining in the coming days of December.
Daily Analysis
High volatility was noticed in the intraday chart as well, as the price increased by around 5%, but then was followed by a dip of 4% in the last few hours. Despite the unstable price of FKX, we could see FKX face high selling pressure in the coming hours.
Key Structures
Support
- $0.06
Resistance
- $0.077
Indicators
Moving Average
Due to the recent increase in the price of FKX, the 20-MA line of a 4-hour chart is currently below the price of FKX, indicating that the trend is now upward and that the price of FKX could increase in the coming days.
The 9-EMA of a 4-hour chart is slightly above the price, however. This could see the price of FKX be bearish in the short run, where the EMA line could act as resistance to the price in the coming days.
Relative Strength Index
The RSI of a 4-hour chart is well within the 30-70 range and at around 50. This suggests that there is room for both growth and decrease for FortKnoxster. It also shows that there somewhat equal amount of buyers and sellers for FKX at the moment.
MACD
The MACD line was above the signal line, which saw the price of FKX increase recently. Nonetheless, the lines have now converged, indicating that a shift in momentum could occur soon for FKX. The MACD line is still above the baseline.
Fear & Greed
The fear and greed indicator of a 4-hour chart suggests that the current emotion of FKX traders is greed due to the recent increase in the price. If the price of FKX further retraces, then we could see fear overcome the market.
Fibonacci
The Fibonacci retracement levels of a 4-hour chart suggest that the price of FKX has recently retraced to the 61.8% level. Because of this, we could see FK retest resistance and have another surge upward in the short run.
Price Prediction FKX – December 2021
Based on this technical analysis on FortKnoxster (FKX), we could see the price of FKX retest resistance at $0.077. If resistance is broken, then FKX may surpass $0.08. If the bullish momentum is maintained, then a price of $0.10 could be achieved for FKX in the short run.
Latest News for FKX – Affecting Price
FortKnoxster has recently updated its Crypto Suite app, allowing users to access products online and pay for those products with cryptos. This could easily increase the demand for FKX tokens and increase the price as a result.
A huge update for Crypto Suite® is live for Web app and Android! 🎉🥳 Update your app NOW! iOS coming soon!
✅ Access thousands of products and pay using your favorite crypto 🚀🚀🚀
📲 Get FortKnoxster https://t.co/z2PgOAuWfr#Crypto #Suite #Market #BTC #ETH pic.twitter.com/5lqjkwtPwN
— FortKnoxster (@fortknoxster) December 24, 2021
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