Bottoming out after massive post-listing and unlock dump

19. Sept. 2020

Clear patterns of selling exhaustion, with big dumps post listing on Binance and team token unlock. For now most selling seems to have taken place. No further unlocks until the end of the year. Signs of bottoming out and commencement of upward channel to reclaim post-listing highs and subsequent price discovery in mid Q4. Clear goal of 3400 sats to match high volume entries at the beginning of the downward movement (which contained much lower volumes than the initial upward movement). Thus it is likely that the shakeout only worked on smaller traders while big entries on large volume still keep FIO coins even though seemingly being -70% at BTC.