FIS is having strong buying force and we can wait for a correction to the $1.7 and $1.6 zone to accumulate it for the $2, $2.4 and $2.8 targets in November. But what if it loses the 1.6$ zone, it will be very dangerous and it will fall back to the 1.4$ and 1.2$ zones
♻️Condition : If 1-Day closes ABOVE 1.6$ zone
🔴Buy : 1.7 - 1.6
🔴Sell : 2 - 2.4 -...
Buying power has appeared at the $1.5 zone and it is moving towards the $2, $2,4 and $3 zone. But if it loses the 1.5$ zone, it will fall back to 1.2$ or even 1$
🔴Buy : 1.47-1.53$. SL if B
🔴Buy : 1.95-2.05$ if A. SL if B
🔴Sell : 1.95-2.05$. SL if A
🔴Sell : 2.34-2.46$. SL if A
🔴Sell : 2.93-3.07$. SL if A
🔵Sell : 1.47-1.53$ if B. SL if...
We can see this buy signal today
Well this may be bullish for StaFi (short for Staking Finance)
But may be also a fakeout
So watch out - above 1.74 = bullish
rBridge enable you to swap FIS and rToken to ERC20, there will have many use cases on Ethereum DeFi. Being a collatoral, Lending and minting stablecoin, etc.
Stafi has been in a downtrend for quite some time, which has allowed it to break free from the burnt-out indicator states.
For today, it expects to exit the falling wedge formation and start a demand zone above the small cup'n'handle
This zone should take us to a minimum of $2 at the formation of resistance at fibo 0.382
Feel free to ask a question
4hr time chart shows it is in down trend as it is clearly shown in the chart,,,but the good news is that fis fundamentals day by day are getting strong as fis is increasing their staking power, so, for the bull run it is necessary to break the resistance
Right now Fis is circulating in triangle So, it mean we should wait for fis to break this triangle after that we can see the clear image of the momentum but here one more thing is to be noted that Fis is above 200 MA defining the upward momentum in longterm.