FIROUSDT
THE ROAD TO NEW ATH? #FIRO $FIROBINANCE:FIROUSDT Firo (FIRO), formerly known as Zcoin, is a cryptocurrency that focuses on being private digital cash. It created the Lelantus privacy protocol which allows users to burn their coins and redeem them later for brand new ones that do not have any transaction history.
According to this article : news.bitcoin.com
their tech is really good, but the price is actually undervalues !
Will The History Repeat?
BITTREX:FIROUSD
FIROUSD PRICE PREDICTION This is what I am most afraid of: OLD PROJECTS RISE FROM THEIR GRAVES
Technical Analysis:
- Bitcoin is on its way to 2.272 extension 200k after consolidation at 1.618 (Fib level based on market top 2017 and bottom 2019).
- Old project will at least try to touch 1.618 this market cycle.
- We have seen 6x FIRO from January to April 2021.
- In 2017, FIRO topped out at $180 which is 23x from here with the market cap of 550 million dollars.
- How strong fundamental FIRO was to reach half a billion dollar market cap in 2017 when crypto market was real wild west, untouched land.
- Most conservative price for FIRO is: $180 reach its ATH (2017).
- Reasonable price for FIRO is: $570 = 2.5x from its ATH (2017) = 1.272 Fib. Market Cap: 1.375 billion
- Not so reasonable price for FIRO: $2700 = 14x from its ATH (2017) = 1.618 Fib. Market Cap: 7.7 billion.
Fundamental of Technical. LOL
- The market cap of FIRO dropped from $550M to $37M. The larger it drops the bigger the impulsive wave is.
- People was so surprised BItcoin has reached 65k for the first wave of bull run. Why???
- It was because of COVID-19 March Blackswan. Covid has helped crypto space so much.
- It fuelled the run like crazy.
- This is also explained the human psychology which is the most fundamental factor for Technical Analysis.
Bottom line is price is the driver of the news and development.
Good luck to you all out there.
At least got some 1-2 FIRO so you don't FOMO in the future lol.
All of this is my very limited knowledge about the project. Please share your views in the comment.
Don't take my speculation for investment advice. You will be disappointed.
Do your own research.
Best of luck.
THE SLEEPING GIANT #FIRO $FIROFiro (FIRO), formerly known as Zcoin, is a cryptocurrency that focuses on being private digital cash. It created the Lelantus privacy protocol which allows users to burn their coins and redeem them later for brand new ones that do not have any transaction history.
Their latest ROADMAP :
ProgPoW ( FiroPoW ) & InstantSend Will be launched on 26 oct 2021
Elysium (in progress)
Mobile Wallet (in progress)
Integration with many DEX
Collaboration with Panther Protocol
Lelantus Spark Privacy Protocol ( XMR are looking for it ) will be released next year.
the last ATH is around 120-140$. this coin is very very undervalued.
FIRO - about to start a major bull cycleLooks like this is the final leg of capitulation on $FIRO. the team has been steadily developing for several years regardless of price action. They have now developed some of the best privacy technology is the space and have increased their security and learned from their faults. I think this coin has very limited downside risk potential now at its current price level and has insane upside potential. This coin has been in an accumulation range for 3.25 years now. I expect this to come to an end in the coming weeks and for a major reversal on market structure. Very excited to see FIRO start its first major bull market.
FIROUSDT🌟Zcoin is rebranded as FIRO
🌟this alt has lost a lot of its value compare to its all time height
🌟at lower time frames you can see the bearish trend lines are break and the pullback to it is completed clearly so there is a spot for entering position
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FIRO is preparring to take off. 20x possibilitiesIf there's possibilities of BTC going bull run until 2022, there's possible to FIRO starting to moon based on historical pattern data. Fib trend based timezone used. once FIRO breakout this is gonna be huge. Firo lelentus update also not being played yet too, Not financial advice
Don't Sleep on FIROFIRO has some novel ideas for the implementation of privacy into crypto currency, some of which rival the privacy features of Monero. I think FIRO could potentially outperform Monero over the course of the next 3 years. Let's keep our eye on this one and look back at it in a year or two, maybe three.
Has firo already started the bullish trendi see a clear adam and eve bottom on the firobtc pair but this may have failed now with the recent bitcoin capitulation. will firo charge towards the lows again vs btc and tag that liquidity zone or do we recover the resistance here and get off to the races? it is hard to tell but I am curious where this goes. my bias is currently bearish on the btc pair. it looks like a rejection and we should go for the lows vs btc. posting this to come back in my journal and see where we ended up. my gut says to sell here and cover at the range lows and double down on a bullish reclaim of range lows. short to mid term bearish and macro 1-3 years bullish.
FIROUSDthis coin has been interesting to say the least. several years now rangebound and honestly not a very good return. my worst investment in my crypto portfolio and a total laggard. to me this either means that this coin will rally extremely hard into the end of the bull run, or basically it just is rangebound and slowly dies off. Probability says that is will most likely fade into irrelevance, but I have hope for the project and the team. And FIRO has some of the best technology in the space. However, it is a high risk play here to hope that it catches up with my other bags and I think I will most likely be proven wrong.
My current plan is to just hold and wait and see, however, my current expectations is to see bitcoin somewhere around $300,000 end of bull run and FIRO at $8-10 range with random low liquidity spikes up to $25-30. Definitely a bummer to see such a great project struggle, but some of these 2017 coins just had too big an allocation to whales and they continually dumped for several years preventing any momentum from building in the most important part of the bull run. If FIRO manages to gain some momentum it will need to run vertically for several months to be able to reach previous ATH's and make new highs before the end of the bull run. With the bull run counting down daily and FIRO struggling to gain any strength but only show weakness on the USD and BTC pairing it honestly doesn't look too hot.
I'll hodl strong with the FIRO diamond hand team, but in the end we need some serious luck to make a push to new highs in my view.
Good luck team FIRO and may the less likely outcome be the one we see.
Firo (FIRO) - July 27Hello?
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(FIROUSDT 1W Chart)
It remains to be seen if the price can sustain above the 5.030 point.
(1D chart)
We need to see if we can move above the 4.702-5.030 section and turn into a short-term uptrend.
We need to see if we can sustain the uptrend by holding the price above the 6.421 point.
(Bittrex FIROUSD 1W Chart)
If the price holds above the 7.26571830 point, it is expected that the uptrend will continue.
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(FIROBTC 1W chart)
It remains to be seen whether the 8380 satoshi-14480 satoshi zone can find support and move above the 27690 satoshi point to turn into an uptrend.
(1D chart)
It has fallen from the 15540 Satoshi point and is entering the mid- to long-term investment area.
We'll have to see if we can find support at the 12300 Satoshi point and move up to the 15540 Satoshi-17843 Satoshi section.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
FIROBTC - FIROUSDT - FIROUSD ENTRY - STL - TP on picture
TP of me . And TP of you , i don't know
You can buy more if price lower entry
" High risk scaling consider when entering orders "
Wait to entry no buy price now if price done TP2 , We cancel this order !
THIS SHITCOIN BUY 20% $ TOTAL ACCOUNT
I am fomo following the recent pump dump events
Short term Firo OutlookDepending on if the uptrend fails or holds & BTC, we could possibly see sub 8 dollars again in the upcoming days.
Inflow and accumulation is also hurting and hasnt recovered since the major dump.
Bears are keeping us pinned down even with BTC pumping. FIRO ETH is in the gutter and Im betting on some lower lows before recover within the next week or so unless btc goes moon.
FIRO/USDT Update: Nearly 50% retracement. >10x to ATHFIRO just plummeted by 50% which is a lot.
We are now back within the original rising channel and found support where we had previous resistance.
If we can bounce off we can make this one green.
FIRO still has a lot to recover since it's 2018 ATH around 125$.
For everyone that missed the previous entry, you are lucky to get another one.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
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Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.