FIO Protocol (FIO) vs USD/BTCOn the above 1-day chart we have a 82% correction from the highs of August with following oversold condition (orange column). MFI is in divergence with price action for over a period of 30 days now.
Is it possible price action falls further? Sure.
Is it probable? Unlikely. Price action is considerably oversold with regular bullish divergence.
1st target is 92% / $0.14 from current levels.
1-day BTC chart showing bullish divergence