BINANCE DELISTING, IS THERE STILL HOPE FOR THESE COINS?BINANCE DELISTING
IS THERE STILL HOPE FOR THESE COINS?
Binance has delisted the trading pairs for STMX, NULS, BAL, and FIRO. So, is there still a chance for these tokens? Currently, these pairs still have liquidity on a few other exchanges. Now, let’s dive back into the charts to see if there’s anything worth exploring.
Overall, the Weekly (W) and Monthly (M) cycles are in a downtrend. The Weekly cycle is nearing the completion of its bottom and starting to rise.
We will enter at the current price based on the D1 cycle. Once the D1 cycle forms a peak, we will exit our spot positions.
The green line zone represents the expected profit area for this upward move. Stay disciplined and trade according to the D1 cycle, no longer.
LOOK CHART:
STMXUSD
BALUSD
NULSUSD
FIROUSD trade ideas
FIRO - RECTANGLE BOTTOMSWe are facing FIRO desing the pattern called RECTANGLE BOTTOMS where the price after fall, goes into a rectangle the stay there for a time before broke it in a upward movement. It seems that we are in the eminence of this broken and the next candles will show it. Wait confirmation to see if the next candle will close outside the rectangle.
FIRO Price - $19.90FIRO has broken an important support zone of $7.32 and is now trading just above the weak support area of $6.94. This drop was triggered by the drop in BTC price. If FIRO can quickly reclaim the support area of $7.32 and close few daily candles above it, this would act as a perfect retrace. We could start seeing a move towards $8.46, $9.16, $9.72, $10.29, $11.10, $12.13, $15.09 and $19.90. Failure to hold the support at $6.94 could lead to a drop towards $5.94 which would be an excellent place to bid longs for FIRO.
FIRO is currently trading at $7.21 with a market cap of $84,537,634. Its 24 hour trading volume was $7,049,562.