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Florincoin

$FLO/BTC longterm target$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.
Long
by OZmaster
2
For purely technical reasons $FLO #Florincoin is about to doubleThis cryptoasset is highly illiquid with high spreads and therefore dangerous to trade with large amounts. It seems to be the case that demand is building for it, however. This is likely due to the possibility of its eventual implementation in Medici Ventures projects such as land governance, identity or voting. There is no clear info being released from what I can find explaining what they intend to use it for please mention any references in the comments below. What is Florin Coin FLO? | In 3 minutes | Tzero www.youtube.com The next 4 weeks or so will likely see the price hit 3400 sats (50% Fibonacci retrace and cloud Edge to Edge move) followed by a very bullish 4130 sat or a retrace to 2670 sat
Long
by blloyd
3
Florincoin VS Bitcoin Support RejectedSince January Florincoin has been correcting down and went from 2700 down to 755 satoshis, losing 72% to Bitcoin. However, FLO/BTC found the support at 88.6% Fibonacci retracement that has been rejected cleanly on the 7th of April. After the bounce from the support price went up braking above the 200 Moving Avearge and currently staying above it. The MA is currently acting as the support and if price continues to stay above it, the next wave up should follow. The strong resistance is seen at 50% Fibonacci retracement, that is 3500 satoshis, which corresponds to the upper trendline of the extended channel. However the condition for the uptrend continuation if that the daily close must stay above the 755 satoshis. But on the other hand it is possible that Florincoin will go back down to that support, only if the breaks below the 200 Moving Average.
FLong
by CryptoPAMM
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.
FLong
by CryptoPAMM
1
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.
FLong
by CryptoPAMM
1
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.
FLong
by CryptoPAMM
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.
FLong
by CryptoPAMM
5
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.
FLong
by Brodie_MT
[FLO/BTC] Altcoin 7:1 risk rewardFirst thing to consider is the volume of this coin, therefore the size of the position - it's a smaller coin so you should watch for 5 figures orders, you might get stuck. A week old up trend has just formed and the Stochastics show it's extremely oversold and also it approaches a very solid resistance drew by fibonnaci's retracement. Wait for first candle to close above the support and set a buy order 1000 satoshis above it, if it fails to bounce you're safe. Watch closely because it might bounce a little before too.
FLong
by spectertrading
FlorinCoin more detailed market insight on 4H4H chart revealed some interesting price action. Psychological level (0.00001000 round number consolidated with GAP) mentioned in other idea was tested twice in last 2 weeks with negative results. Few candles managed to close above but these profits were quickly erased by market. Doji candles also indicated that market is strongly rejecting any further gains by that time. 6th of April pair managed to go thru this level but in short time it went back to test it again. It is probable that 200 EMA will come with help and will push pair higher. It is also possible that any further losses will be stopped but this level and pair will come back on bullish trend. It is also possible that pair will move lower that's why I would suggest to wait for some strong signal.
FLong
by Krystiannwk