Long
FIO
FIO has been consolidating in a symmetrical triangle since April, with lower highs and higher lows compressing price into a tight apex. Recently, price broke above the upper trendline near 0.0205 and is now retesting the breakout zone around 0.019–0.020.
📊 Technical Outlook
Triangle breakout confirmed with volume expansion.
Current retest is on lighter volume, which is constructive.
Short-term MAs are flipped beneath price, supporting bullish structure.
📈 Upside levels to watch
0.0215–0.0220 (immediate resistance)
0.0240–0.0255
0.0280–0.0300
0.0330–0.0350
🔎 Measured Move Target
Triangle height ≈ 0.019
Breakout projection → 0.0205 + 0.019 ≈ 0.039–0.040
⚠️ Invalidation
Daily close below 0.0185 risks a failed breakout and return inside the pattern.
Deeper breakdown <0.0170 opens 0.0150.
📊 Technical Outlook
Triangle breakout confirmed with volume expansion.
Current retest is on lighter volume, which is constructive.
Short-term MAs are flipped beneath price, supporting bullish structure.
📈 Upside levels to watch
0.0215–0.0220 (immediate resistance)
0.0240–0.0255
0.0280–0.0300
0.0330–0.0350
🔎 Measured Move Target
Triangle height ≈ 0.019
Breakout projection → 0.0205 + 0.019 ≈ 0.039–0.040
⚠️ Invalidation
Daily close below 0.0185 risks a failed breakout and return inside the pattern.
Deeper breakdown <0.0170 opens 0.0150.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.