FlorinCoin VS Bitcoin Growth Potential

POLONIEX:FLOBTC   Florincoin / Bitcoin
After testing the low at the 505 satoshi, Floricoin started to move higher breaking above the downtrend trendline . At the same time price broke above the 200 Moving Average and reached 1900 satoshi, totaling a 280% gain over Bitcoin in just two weeks.

Clearly, Florincoin showing some strength, especially now, after rejecting the 200 Moving Average and the 23.6% Fibonacci support at $1090 satoshi. The uptrend could either be a short-lived or a long-term depending on how FLO/BTC will react to the first strong resistance at $2145 satoshi, which is 127.2% Fibonacci retracement level applied to the last corrective wave down. Break above that level should push Florincoin much higher, while if rejected, the consolidation could take place. Only a break below the 505 could invalidate bullish outlook.
Trade closed: target reached
Comment: Nice fast profit, thank you for your likes :)
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ETH Tip Jar: 0x79BB76B99114F9B33fd3E5477Eb05F2738D51
is this still a buy?
HiTech rishad123
@rishad123, target was reached, please read the trade update "Trade Closed"
Awesome! Thank you for your research :) Any thoughts on LTC?
HiTech i8myapl
@i8myapl, this is the latest i had, but i am looking for potential buy signal
i8myapl HiTech
@HiTech, great, thanks. Me 2 in regards to the buy signal :)
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