$FLO.X #cryptocurrency #FLOBTC consolidating for over a weekand forming an ascending triangle here, priming a breakout. Bit overextended into the top of the triangle to make risk/reward levels ideal, so any entry closer to 0.000014 would help. Breakout could happen at any point. Don't really have a long-term bias for this coin, but chart alone looks worthy of a 40-50% pop.
FLOBTC
Florin (FLO): Bottom + LONG = 80%+ Profit PotentialFlorin (FLO) coin is sitting just above support.
Red line = Support
Green line = Resistance / Target
Buy-in range:
(*) 0.00000900
Target:
(1) 0.00001100
(2) 0.00001650
Stop:
(*) 0.00000750
80%+ Profit potential
Remember... YOU DESERVE THE BEST!
FLO - ing into AltseasonJust guessing that a lot of alt coins are getting primed for lift off right now based on a few non TA factors:
1. There are tons of new bitcoin owners that are excited and have been waiting on the sidelines for this "bubble" to pop. Coinbase has added hundreds of thousands of new users over the last few months.
2. The typical mentality of those new to the space seems to be "Well I missed out on bitcoin when it was super cheap, what other coins are there that can make me millions of dollars or at the very least more bitcoin since i can only afford a little?" Once you actually start to learn these markets or pay attention at least, you hear about people making 5x and 100x trades and you want in.
Florin coin is tried and true in the range it currently is in, and could easily test the resistance wedge which would mean around 30% gains from its current levels. it will likely dip back into the buy zone with another bitcoin leg up (it is just about to break $10k on coinbase as i type). If bitcoin shoots to around $12k after a $10k break similar to the pattern that played out in 2013 (think im joking? today 4 years ago was its first break of $1000) we could see an excellent time to buy altcoins and as the price wains, new money will flow into altmarkets in search of "the next bitcoin".
This analysis is probably good for lots of altcoins out there right now, but i wouldn't consider it investment advice, i am no expert. Good luck trading.
FLO - The Library of Alexandria reborn as BlockchainLow Volume/Low Liquidity and cheap, makes it prime to be pumped. The release of "Alexandria" will probably make people FOMO in and get it to know. It's a finished product. Technically it looks good, expecting pump. I've charted Bittrex where most of the volume lays, but Polo should be good as well.
Alexandria Release News: twitter.com
Florincoin Block Reward Halving Countdown website. floblockhalving.com
buy the retest of support FLOits more likely to come and test the support than break of last highs. short to mid term trade