💎Technical Analysis Summary💎 BINANCE: FIOBTC -FIO broke another key support area around 930s sat -We know this coin is on a strong downtrend -Making a series of lower highs and lower lows -If the Bulls can't show up a fight against the Bears -It will likely to go lower down to 760s sat range -Before hitting the downward trendline of support -So please be...
💎Technical Analysis Summary💎 BINANCE: FIOUSDT -FIO is forming a descending channel which is a reversal pattern -This pattern is unconfirmed until broken to the upside -Currently, the price is trying to retest the lower trendline support -If FIO can form a base of support around the 0.1000s dollars -And breaks the trendline resistance, that is a good Bullish...
BINANCE: FIOBTC -FIO is trading on a downtrend after breaking the support at 2200 sat range -I have drawn a potential triangle pattern where we can see the trading scenarios -There are 3 options to trade this setup with aggressive entries and conservative position -Buying at local support/major support or Buy with momentum breakout of trendline resistance -All...
FIO/BTC -This coin is telling us that it is starting to show some hidden strength -We can also see a Bullish divergence on the RSI using 4H time period -A descending channel which is technically Bullish most of the time -How do you plan to enter this market condition? -You can place Buy bids at market price with stop loss at recent Low -Or Buy the breakout of...