FIRO: Ascending WedgeFIRO is simply in a bullish ascending wedge right now. After a period of bottoming out it appears to be turning up. It is a low volume coin and is very volatile, which means lots of potential upside. Downside is mitigated by the fact that it is coming out of a bottoming phase, and is making an ascending wedge which is a bullish pattern. This is another one to simply buy and hold for the next BTC push.
FIRO was pinged by TIS (trading indicator software) multiple times recently, giving additional confidence in this trade.
FIROUSDT
FIRO/USDT Recovery potential >10x to ATH >125$FIRO has a huge recovery potential looking at the peak of 2018 which was over 125$.
It seems to get more attention within recent times so make sure to check it out.
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.
