The price is getting squeezed inside of the symmetrical triangle formation. If buyers manage to push the price above dynamic resistance(blue), we can expect the price to enter the zone of strong resistance(red area). If buyers fail to hold current levels we can expect the price to go back to support (green area)
The current trading range is a node of high volume, it is also where key level and 200EMA is, which given the recent sideways price action means the price is in accumulation.
Entry: buy at current price down to the lower part of the formation (blue trendline)
Targets:
0.1982
0.2419
0.2657
0.2948
0.3580
0.3994
0.4444
0.4874
0.5686
+use visible trendlines for dynamic targets
-------------------
About FIO:
FIO Protocol (FIO) is a blockchain protocol that aims to enable a better way of sending/receiving coins and tokens. The FIO token is the native utility token of the project's blockchain infrastructure, FIO Chain, and is used for transaction gas fees and on-chain governance. The FIO Chain uses a Delegated Proof-of-Stake (DPoS) to achieve network consensus. Block Producers are elected by FIO token holders via on-chain voting. Anyone can register to become a BP and produce blocks if they receive enough votes.
FIO addresses act as a human-readable wallet identifier (username@domain) for users on the FIO Protocol. The registration of a FIO Address can be done through a FIO-integrated application or through a registration site. A FIO Address has a yearly fee in FIO tokens, and is bonded with 100 free transactions.
FIO Request allows users to initiate transactions using FIO Addresses. This request is stored onchain, with metadata (e.g. currency, amount) encrypted using the Diffie-Hellman key exchange.
FIO Data is transaction metadata. This metadata can range from a free-form memo to structured data (e.g. deposit details). The team envisages FIO Data as a means to support decentralized commerce, where transactiond data (e.g. invoices, dates) can be stored on-chain. FIO Data can also include blockchain metadata, such as transaction
Source: coinmarketcap
The current trading range is a node of high volume, it is also where key level and 200EMA is, which given the recent sideways price action means the price is in accumulation.
Entry: buy at current price down to the lower part of the formation (blue trendline)
Targets:
0.1982
0.2419
0.2657
0.2948
0.3580
0.3994
0.4444
0.4874
0.5686
+use visible trendlines for dynamic targets
-------------------
About FIO:
FIO Protocol (FIO) is a blockchain protocol that aims to enable a better way of sending/receiving coins and tokens. The FIO token is the native utility token of the project's blockchain infrastructure, FIO Chain, and is used for transaction gas fees and on-chain governance. The FIO Chain uses a Delegated Proof-of-Stake (DPoS) to achieve network consensus. Block Producers are elected by FIO token holders via on-chain voting. Anyone can register to become a BP and produce blocks if they receive enough votes.
FIO addresses act as a human-readable wallet identifier (username@domain) for users on the FIO Protocol. The registration of a FIO Address can be done through a FIO-integrated application or through a registration site. A FIO Address has a yearly fee in FIO tokens, and is bonded with 100 free transactions.
FIO Request allows users to initiate transactions using FIO Addresses. This request is stored onchain, with metadata (e.g. currency, amount) encrypted using the Diffie-Hellman key exchange.
FIO Data is transaction metadata. This metadata can range from a free-form memo to structured data (e.g. deposit details). The team envisages FIO Data as a means to support decentralized commerce, where transactiond data (e.g. invoices, dates) can be stored on-chain. FIO Data can also include blockchain metadata, such as transaction
Source: coinmarketcap
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