Florincoin VS Bitcoin - The End Of Consolidation?

POLONIEX:FLOBTC   Florincoin / Bitcoin
Since Florincoin reached the high at 6.5k satoshis, back in May 2017, the price has been going down, reaching the 500 satoshis low. This decline resulted in over 90% loss to bitcoin , but now price action begins to look in favor of the trend reversal.

After reaching 500 satoshis low, FLO/BTC went up breaking above two descending channels as well as the 200 Moving Average, although rejected the resistance formed around 3k satoshis area.

Currently, RSI has formed a bullish divergence suggesting that the price once again is ready to move higher, at least towards the massive resistance area at 3k satoshis. But to confirm the potential upcoming wave up, Florincoin should break above the minor resistance at 1200 satoshis. Break above the 3k satoshis resistance should result in more growth and could send price up to 6.5k satoshis or higher.
Comment: Resistance broken
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ETH Tip Jar: 0x79BB76B99114F9B33fd3E5477Eb05F2738D51
Hey man. Any updates to share on FLO? I love Flo cause of its fundamentals and all the hard work going into it by the team.

Cheers, keep up the good work.

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