FIOUSDT trade ideas
FIO ANALYSIS🔮 #FIO Analysis 💰💰
🚀We saw that #FIO was trading in a falling wedge pattern and gave a breakout but currently #FIO is trading below its major resistance area. If #FIO breaks the major resistance level then we will see a good pump💲💲
🔖 Current Price: $0.03305
⏳ Target Price: $0.05566
⁉️ What to do?
- We can trade according to the chart and make some profits in #FIO. Keep your eyes on the chart, observe trading volume and stay accustom to market moves.🚀💸
#FIO #Cryptocurrency #Gain #DYOR
FIO Protocol (FIO)On the above 3-day chart price action has corrected over 90% since the sell signal April 2021 (not shown) at 50 cents. Today is great long opportunity. Why?
1) You know why.
2) RSI and price action resistance breakout.
3) Strong bullish divergence. Multiple oscillators print positive divergence with price action over an extended period.
Is it possible price action falls further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: Don’t know.
Return: Will say elsewhere
FIO / cup and handleHi
On the daily frame, we see a cup and handle, the breakout occurred and then it was retested .
The model is ready, it needs liquidity.
The Target of a cup and handle is 0.052
But in chart all the targets
Stop loss close day candle below 0.039
SL 0.039 1D
Attention: This currency is slow moving, it requires patience as well
FIOUSDTThe cup and handle chart pattern is a bullish continuation pattern in technical analysis. It consists of a cup-shaped formation followed by a smaller, downward-sloping handle. The breakout above the resistance level of the cup signals a potential uptrend continuation. It indicates a shift from consolidation to renewed buying interest.
Short term target upon completion of Cup is at 0.04250
Rejection can be seen for the formation of its handle or it might break the neck line depending upon volumes.
Mid term target after the breakout of the neck line is at 0.05259
FIOUSDT"As we enter the bullish season, the initial target to aim for is
target : 0.3 🎯.
This is based on a combination of technical analysis indicators and market trends.
However, it's important to approach trading with caution and adapt to changing market
conditions.
Keep an eye on key support and resistance levels, as well as any significant news or events that may impact the market.
Remember to use proper risk management techniques and consider setting profit targets along the way.
Happy trading!"
✴️ FIO Protocol Ending Diagonal (333% Growth Potential)This pattern here, the ending diagonal, signals the end of a move/trend, in this case the bearish trend.
FIO Protocol (FIOUSDT) bottom mid-September, which goes in accordance with many other Altcoins. Many pairs chose this same date to start their reversal.
We can see a bullish bias now based on the strong RSI reading and the high volume 3-July before the September lower low came in.
The fact that we have three months of slow and steady growth as the action moves past EMA10, is also a good indication.
The rest is easy... The market force will push prices up.
Namaste.
FIO Protocol (FIO) vs USD/BTCOn the above 1-day chart we have a 82% correction from the highs of August with following oversold condition (orange column). MFI is in divergence with price action for over a period of 30 days now.
Is it possible price action falls further? Sure.
Is it probable? Unlikely. Price action is considerably oversold with regular bullish divergence.
1st target is 92% / $0.14 from current levels.
1-day BTC chart showing bullish divergence
✴️ FIO Massive Jump With More To Come (97% Potential Or More) Here is another Altcoin pair that isn't shying away to grow on a weekend... FIOUSDT.
After moving above its June 2022 low/support, FIOUSDT produced the highest buy volume since the above date, this is happening within short/mid-term higher lows.
The correction of the initial bullish wave also ended before mid-March, in this case the 10th...
We can see this same pattern all across:
1) Bullish breakout early 2023.
2) Correction late February/early March.
3) Resumption of bullish trend (now).
The pairs that are moving ahead reveals what will happen to those that are yet to move.
I am mapping here a 97% price jump but there can be more.
These Altcoins can take their time because they are set to produce long-term higher highs and higher lows.
Namaste.