Since January Florincoin has been correcting down and went from 2700 down to 755 satoshis, losing 72% to Bitcoin. However, FLO/BTC found the support at 88.6% Fibonacci retracement that has been rejected cleanly on the 7th of April.
After the bounce from the support price went up braking above the 200 Moving Avearge and currently staying above it. The MA is...
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...
Florincoin has corrected down massively since reaching the $0.4 high. Price went south as much as 85%, hitting the $0.06 low. FLO/USD broke below the 88.6% Fibonacci retracement level as well as the uptrend trendline. Nevertheless, price recovered very fast and went up to $0.0135 breaking above the descending channel.
Current correctional wave down was stopped by...
FlorinCoin has lost 85% to USD since the correction started back in the beginning of January. Price went down to $0.058 from the $0.4 high. Fibonacci applied to the corrective wave after the uptrend trendline breakout shows that the support at $261.8 is now being rejected after price managed to go below, but recovered very fast.
If FLO/USD will manage to close...
Florin (FLO) coin is sitting just above support.
Red line = Support
Green line = Resistance / Target
Buy-in range:
(*) 0.00000900
Target:
(1) 0.00001100
(2) 0.00001650
Stop:
(*) 0.00000750
80%+ Profit potential
Remember... YOU DESERVE THE BEST!
We seem to have a descending triangle forming. The symmetrical triangle pattern on the day chart of FLOBTC offers a bullish breakout trade opportunity. If price goes over 0.000025, opens targets 0.000040 and higher.
