FIO Protocol (FIOBTC) is breaking out today as well and has huge potential.
We can see the 1.618 Fib. as main target for a medium term move, and 2.618 Fib. as longer-term target for 700%+.
It can take some time to develop but we are currently seeing a higher low and good potential for growth.
Thanks for the support.
Here FIOBTC is showing a long pattern of accumulation.
The bulls have the lead now after May's low followed by multiple challenges of resistance in the form of MA200.
Currently, it is challenging EMA10/EMA21.
Keeping It Simple
If FIOBTC can move above the "Trendline"/MA200, we are bullish.
If it goes below "Support" we are bearish.
FIOBTC (FIO Protocol) is doing good today with a volume breakout and prices moving back above EMA100.
Here we have strong bullish indicators as well as a full green/bullish candle today, this can signal higher prices...
The next target is marked on the chart at 80%.
Please hit LIKE to support my work and more trade ideas.
Thanks a lot for your support.
Im setting buy orders here, with a stop loss below the last red line. I ama holder so i will start building a long position for this baby to run. Been in accumulation for a long time and looks like the ascending triangle wants to burst out. I will ladder entries for every 20% drop. Good luck!
For Risky traders,
It looks nice for a good moving up.
Invest only 5%
Be patient, even for years, but don't lose, because the history repeats.
Will appreciate your idea, agree or disagree, that is not important; because the market always give you profit based on different ideas and beliefs.
Hope you positive positions.