We are facing FIRO desing the pattern called RECTANGLE BOTTOMS where the price after fall, goes into a rectangle the stay there for a time before broke it in a upward movement. It seems that we are in the eminence of this broken and the next candles will show it. Wait confirmation to see if the next candle will close outside the rectangle.
FIRO has broken an important support zone of $7.32 and is now trading just above the weak support area of $6.94. This drop was triggered by the drop in BTC price. If FIRO can quickly reclaim the support area of $7.32 and close few daily candles above it, this would act as a perfect retrace. We could start seeing a move towards $8.46, $9.16, $9.72, $10.29, $11.10,...
