BITTREX:FLOBTC appears ready to FLO to 1100 satoshis soon.
1. Bounced off of the 0.95 fib on the daily chart
2. Low resistance
3. Good news - Recent partnerships with the Opacity Token
4. More good news - An agreement with Liberia has been reached to help digitize government services
This cryptoasset is highly illiquid with high spreads and therefore dangerous to trade with large amounts. It seems to be the case that demand is building for it, however.
This is likely due to the possibility of its eventual implementation in Medici Ventures projects such as land governance, identity or voting. There is no clear info being released from what I...
Looks like FLO/BTC has finished its bull correction and should base out from 1900-2000 in preparation for its next leg higher
2400sat is the next target or ~23% ROI. If it breaks below 1700 then continuation lower is likely.
Be careful trading FLO as it is a thin market
Good luck trading!
Earlier today i did a TA for FLO/USD so I figured id do one for FLO/BTC after I woke up from my nap so here it is.
You can see here that we've been stuck in this uptrending channel for quite some time, and while were continuing that uptrend it seems we are no longer confined to that channel, and are now en route for #moon.
FLO BTC is showing a shift in momentum, as it broke out of the final leg of the decending fibonacci fan, signalling bearish exhaustion in December 2018. We also saw a double bottom formation in this area, flowed by a bullish reversal. As the momentum has now shifted i expect the bullish trend to continue, though we may see a correction on the smaller timeframes...
descending triangle pattern in play,ichimoku cloud comfirms that the sudden move in flo coin could potential mean something ,these move is right there in the cloud...look left the current move respect a previous support we act as a resistance to the current spike in flo,so with that we are expecting a small retracement to the down side or to the point of...