Long
FlorinCoin Reversal
FlorinCoin has lost 85% to USD since the correction started back in the beginning of January. Price went down to $0.058 from the $0.4 high. Fibonacci applied to the corrective wave after the uptrend trendline breakout shows that the support at $261.8 is now being rejected after price managed to go below, but recovered very fast.
If FLO/USD will manage to close above local resistance at $0.11, there are good chanced that Floricoin will rise up to the previously established resistance at $0.17, that corresponds to the 2/1 Gann Fan trendline.
On a downside, break and close below the $0.08 support should invalidate bullish outlook and could send price even lower.
If FLO/USD will manage to close above local resistance at $0.11, there are good chanced that Floricoin will rise up to the previously established resistance at $0.17, that corresponds to the 2/1 Gann Fan trendline.
On a downside, break and close below the $0.08 support should invalidate bullish outlook and could send price even lower.
Ordine annullato
Florincoin rejecting the gannfan, break above required for the uptrend
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.