Good day! This might be a good buy for FLO vs BTC. The RSI, MACD, and TSI shows a very bullish reversal in the daily time frame. Make it short or long trade. Enjoy!
$FLO made a new ATL in the bear season and has been showing rising volume ever since, historically the volume can be compared to what was seen much higher in prices.
This indicates a strong accumulation and an upcoming uptrend.
My targets are same as last cycle, mainly the 2.618 fib at around 4k satoshi with a moonshot chance of the 4.236 at 6.2k satoshi.
Along...
Firstly thank you for reading. Times are a changing for the ALTS. Are we starting to see popcorn 'pop'? Finger's crossed, BTC will not do any crazy dance moves. If BTC stays rolling sideways....ALTS will be in for a white knuckle ride.
Background:
FLO has been around since 2013. Yes, you read right. The ATH was around .37 cents and peak market cap was 44.3...
About FLO
Build Blockchain Applications
FLO is a public record for building decentralized applications that introduces a new feature called floData. This metadata layer allows reading and writing to the blockchain quickly and easily, encouraging unique apps and tools to be built with FLO
Source: flo.cash
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Let's start by looking at the long-term chart,...
BITTREX:FLOBTC appears ready to FLO to 1100 satoshis soon.
Reasoning
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...
