Flowers Foods losing calories. FLOWe are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
FLO
$FLO/BTC longterm target$FLO made a new ATL in the bear season and has been showing rising volume ever since, historically the volume can be compared to what was seen much higher in prices.
This indicates a strong accumulation and an upcoming uptrend.
My targets are same as last cycle, mainly the 2.618 fib at around 4k satoshi with a moonshot chance of the 4.236 at 6.2k satoshi.
Along the way I see good TP's and or potential trade opportunities being fib levels with some more notable ones being at 0.382 (~800 sats), 0.786 (~1.3k sats),1.272(~2k sats) and 1.618 (2.5k sats).
Once again I do not expect an immediate rise to the targets but rather a longer term progress through the levels with a big jump in price at the end accompanied by appropriate volume.
FLO Trading Near All-Time Lows (202% Short-term + 1975% to ATH)About FLO
Build Blockchain Applications
FLO is a public record for building decentralized applications that introduces a new feature called floData. This metadata layer allows reading and writing to the blockchain quickly and easily, encouraging unique apps and tools to be built with FLO
Source: flo.cash
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Let's start by looking at the long-term chart, this is a low volume altcoin pair, so big price swings are possible... Take a look at the potential profits.
FLOBTC Weekly (W)
Zoomed in (notice the divergence compared to the MACD)
MACD (Higher Low) | Divergence with FLOBTC
Additional details can be found on the main chart.
Thanks a lot for reading.
Namaste.
FLO bear trend line brokenLooks like FLO/BTC has finished its bull correction and should base out from 1900-2000 in preparation for its next leg higher
2400sat is the next target or ~23% ROI. If it breaks below 1700 then continuation lower is likely.
Be careful trading FLO as it is a thin market
Good luck trading!
FLO BTC Momentum AnalysisFLO BTC is showing a shift in momentum, as it broke out of the final leg of the decending fibonacci fan, signalling bearish exhaustion in December 2018. We also saw a double bottom formation in this area, flowed by a bullish reversal. As the momentum has now shifted i expect the bullish trend to continue, though we may see a correction on the smaller timeframes subject to the volitility swings of bitcoin and the crypto market as a whole.
My perspective on this is that, if FLO BTC can break above the 2000 satoshi level, then the chances of it reaching the higher fibonacci levels would greatly increase. However, entering a long position at the current price, 1850 satoshis, could be risky due to this area being a resistance zone, with the support levels located below at 1400, 1100 and 1000 satoshis. It is at these levels, I would look for a bullish candle, on the local timeframe, to enter a long position.
Not an expert, not financial advice.
Biffy.
FLO: Massive potential in the long termFLO is a hidden gem on Bittrex. Of course, keep up with the project and make sure it's actually going somewhere. Might be heading out of the triangle soon. RSI on the daily is finally oversold. If it hits its previous ATH, that's over 500%. Yep, over 500%. Have a small bag of it, kind of my "for fun" gamble coin.
Florincoin VS Bitcoin - The End Of Consolidation?Since Florincoin reached the high at 6.5k satoshis, back in May 2017, the price has been going down, reaching the 500 satoshis low. This decline resulted in over 90% loss to bitcoin, but now price action begins to look in favor of the trend reversal.
After reaching 500 satoshis low, FLO/BTC went up breaking above two descending channels as well as the 200 Moving Average, although rejected the resistance formed around 3k satoshis area.
Currently, RSI has formed a bullish divergence suggesting that the price once again is ready to move higher, at least towards the massive resistance area at 3k satoshis. But to confirm the potential upcoming wave up, Florincoin should break above the minor resistance at 1200 satoshis. Break above the 3k satoshis resistance should result in more growth and could send price up to 6.5k satoshis or higher.
Florincoin Is Expected To Double In ValueFlorincoin has corrected down massively since reaching the $0.4 high. Price went south as much as 85%, hitting the $0.06 low. FLO/USD broke below the 88.6% Fibonacci retracement level as well as the uptrend trendline. Nevertheless, price recovered very fast and went up to $0.0135 breaking above the descending channel.
Current correctional wave down was stopped by 88.6% Fibs at $0.087, which this time is being rejected, together with the uptrend trendline. While the consolidation could continue, Frorincoin should produce a wave up at some point, if the support will be respected.
The first upside target is at $0.18, and the second is $0.22, that is 100% growth potential from the current price.
FlorinCoin ReversalFlorinCoin 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.
FLO/BTC POTENTIAL PROFIT 340%. LONG-TERM INVESTMENTFLO/BTC POTENTIAL PROFIT 340%. LONG-TERM INVESTMENT
BUY 000010400 - 00001700
STOP-LOSS 00000700
OBJECTIVES
1. 1930
2. 2719
3. 3591
4. 4553
5. 5424
DESIGN
Florincoin (FLO) is a scrypt based coin with quick transaction processing. It also introduces a useful new feature - transaction comments. Block time is low at 40 seconds. The reward halves from a start of 100 FLO each year, and difficulty retargets every block. There was no premine.
FlorinCoin VS Bitcoin Growth PotentialAfter testing the low at the 505 satoshi, Floricoin started to move higher breaking above the downtrend trendline. At the same time price broke above the 200 Moving Average and reached 1900 satoshi, totaling a 280% gain over Bitcoin in just two weeks.
Clearly, Florincoin showing some strength, especially now, after rejecting the 200 Moving Average and the 23.6% Fibonacci support at $1090 satoshi. The uptrend could either be a short-lived or a long-term depending on how FLO/BTC will react to the first strong resistance at $2145 satoshi, which is 127.2% Fibonacci retracement level applied to the last corrective wave down. Break above that level should push Florincoin much higher, while if rejected, the consolidation could take place. Only a break below the 505 could invalidate bullish outlook.
Floricoin - The Next WaveFloricoin has been consolidating from June up until December when it broke above the strong resistance that was formed at $0.11. Prior to breaking above, FLO/USD rejected the uptrend trendline and the 200 Moving Average and then immediately jumped from $0.085 up to $0.33, gaining almost 300% in just 10 days.
The corrective wave down followed, where Floricoin rejected the $0.11 support and perhaps now its time for the next strong wave up. The first resistance is seen at $0.38 area where 327.2% Fibonacci retracement is located. Break above that resistance should indicate that the uptrend is not over, while a rejection of the resistance could trigger a correction down. Only a break and close below the 200 Moving Average could invalidate bullish outlook.