FIOUSDT trade ideas
FIO Protocol FIOUSDT - Ascending and Symmetrical Triangle +1500%- FIO Protocol (FIO) - Rank 425 - is a blockchain protocol that aims to enable a better way of sending/receiving coins and tokens.
- From the technical perspective, we can see an symmetrical triangle on the daily chart.
- Also we can spot an ascending triangle, which is very bullish with the combination of the symmetrical triangle.
- Profit target is 1.618 FIB and volume is bullish!
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below โ
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FIOusdt on BinanceFIOusdt on Binance
ENGLISH
What do we all see?
The market structure tells us that we are still in an uptrend on macro vieuw, maw if we look at all the candles together it gives us the weather of an uptrending asset.
As a result, we automatically look for a long entery.
Short overview of our drawing tool layers:
VPVR indicates to us that we are on support
Momentum represents a ranging phase, (in favor of a long), ranging has a chance of a pullback (buy moment).
OBs put us that e are closer to support
Trading ranges, there we see an lvl that we are now trading for, close below it is high chance to pullback, close above it is high chance of further uptrending
As always, we are going to determine the most ideal entery - stop and branch proftits via our own layer system. given that the current market phase altcoin remains bullish tinged, we are also going to hunt for extend targets via the Fib; extention. Our extra layer of BIASlines (under construction) will allow us in the future to skip the fib, extension and prices to projects higher than the current trading area. as always, these will have the accuratity that we have gained from the MYpileus drawing tools.
Well now the game plan:
through the confluence strategy we arrive at the next lvl's - zones.
*attention, this is an obvious swing trade, respond appropriately with positionsizing!
Entery: Market - 0.0.2022 - 0.1834 - 0.1574
Stoploss : 0.1478
Take profit: 0.3268 - 0.4088 - 0.4744 - 0.5659 - 0.8145 - 1.2392
Wat zien we allemaal?
De market structure zegt ons dat we nog steeds in een uptrend zitten op macro view, maw als we alle candles samen bekijken geeft deze ons de weerspiegeling van een uptrending asset.
Hierdoor gaan we automatisch op zoek naar een long entery.
Korte overview van onze tekentool lagen:
VPVR geeft ons aan dat we op steun zitten
Momentum geeft een ranging fase weer, ( in het voordeel van een long), ranging heeft kans op een pullback (buy moment).
OBs zetten ons dat e dichter bij steun zitten
Trading ranges, daar zien we een lvl waar we nu voor aan het traden zijn, close eronder is high chance tot pullback, close erboven is high chance van verdere uptrending
We gaan zoals steeds via ons eigen lagen systeem de meest ideale entery - stop en tak proftits bepalen. gezien de huidige market fase altcoin blijven bullish getin, gaan we ook voor extend targets jagen via de Fib; extention. Ons extra laag BIASlines (under construction) zullen ons in de toekomst in staat stellen om de fib,extension over te slaan en prijzen te projecten hoger dan het huidige trading gebied. zoals steeds zullen deze de accuratheid hebben die we gewon zijn van de MYpileus tekentools.
Goed nu het gameplan:
via de confluence strategie komen we op volgende lvl's - zones uit.
*opgelet, dit i s een overduidelijk swing trade, reageer gepast met positionsizing!
Entery: Market - 0.0.2022 - 0.1834 - 0.1574
Stoploss : 0.1478
Take profit: 0.3268 - 0.4088 - 0.4744 - 0.5659 - 0.8145 - 1.2392
Fio/usdt present and next moveFio/usdt
Fio started to pump from January this year and rallied up to 0.5$ region. That pump took the pattern of ascending channel according to macd indicator you see above.
Fio started its correction when it broke out of the macd ascending channel to form right now inverse head and shoulders. The coin is turning away from the necklace to arrive at shoulders region.
Actual pumps shall start at the breaking of necklace. On price candle chart, pennant is formed presently
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FIO/USDT { FIO PROTOCOL } - BULLISH SETUPANALYSIS ๐
- FIO/USDT is printing an ascending triangle pattern.
- This is a bullish build up pattern.
- There's a breakout potential.
BUY ENTRY โฌ๏ธ
- Market entry: current market price.
- Stop limit entry: breakout above the ascending triangle's horizontal resistance (@0.2510).
- Limit entry: test of the ascending triangle's inclined support.
TARGETS ๐ฏ
- Fibonacci extension levels.
SETUP INVALIDATION โ
- Breakdown below the ascending triangle's inclined support.
FIO - Wait For The Trigger!Hello everyone, if you like the idea, do not forget to support with a like and follow.
FIO is sitting around a strong demand zone in green so we will be looking for buy setups.
on Daily: FIO formed a valid channel in red but it is not ready to go yet.
Before we buy, we want the buyers to prove that they are taking over again.
Trigger => Waiting for a momentum candle close above the last swing high in gray to buy.
Meanwhile, until the buy is activated, FIO would be overall bearish can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
FIOUSDT is creating an ascending channel FIOUSDT is creating an ascending channel below the weekly resistance. IF the price is going to satisfy all our rules, According to Plancton's strategy (check our Academy ), we can set a nice order
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Follow the Shrimp ๐ฆ
Keep in mind.
๐ฃ Purple structure -> Monthly structure.
๐ด Red structure -> Weekly structure.
๐ต Blue structure -> Daily structure.
๐ก Yellow structure -> 4h structure.
โซ๏ธ Black structure -> <4h structure.