Long
FLDCBTC - Daily Trend Reversal / Bounce off MA/Kumo cloud. +650%
FLDC has recently shifted price above the daily MA cloud. Sentiment is bullish and with price action indicating a move higher, this is a good place to open up positions in anticipation of breaking the recent highs. Daily StochRSI also correlates to strong move to the upside.
I have set a very high target of +650% and potentially beyond as I will be watching this for a longer hold. This target was taken from the top of the red cloud area on the daily Ichimoku. I have also set an intermediate target at +230% to take some profit off the table and watch for a possible price reversion.
Ichimoku Cloud Reading
The bounce off of the the Daily MA cloud also correlated with a Breakout of the Daily Kumo, a retrace back to the Kumo and a bounce off of it. The T-K cross and Kumo Twist coupled with Heiken Ashi momentum to the upside are a good indication trend has reversed and price will be moving higher.
I have set a very high target of +650% and potentially beyond as I will be watching this for a longer hold. This target was taken from the top of the red cloud area on the daily Ichimoku. I have also set an intermediate target at +230% to take some profit off the table and watch for a possible price reversion.
Ichimoku Cloud Reading
The bounce off of the the Daily MA cloud also correlated with a Breakout of the Daily Kumo, a retrace back to the Kumo and a bounce off of it. The T-K cross and Kumo Twist coupled with Heiken Ashi momentum to the upside are a good indication trend has reversed and price will be moving higher.
Trade active
Positions Open.Trade active
Positions still open and waiting. Trade active
Positions still open, currently in a drawdown phase.I am thinking price will come back to the weekly open of 0.00000294 and beyond to form a top wick for the weekly.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.