philipdinu
Long

FLDCBTC - Daily Trend Reversal / Bounce off MA/Kumo cloud. +650%

POLONIEX:FLDCBTC   FoldingCoin / Bitcoin
FLDC has recently shifted price above the daily MA cloud. Sentiment is bullish and with price action indicating a move higher, this is a good place to open up positions in anticipation of breaking the recent highs. Daily StochRSI also correlates to strong move to the upside.

I have set a very high target of +650% and potentially beyond as I will be watching this for a longer hold. This target was taken from the top of the red cloud area on the daily Ichimoku . I have also set an intermediate target at +230% to take some profit off the table and watch for a possible price reversion.

Ichimoku Cloud Reading

The bounce off of the the Daily MA cloud also correlated with a Breakout of the Daily Kumo, a retrace back to the Kumo and a bounce off of it. The T-K cross and Kumo Twist coupled with Heiken Ashi momentum to the upside are a good indication trend has reversed and price will be moving higher.

Trade ist aktiv: Positions Open.
Trade ist aktiv: Positions still open and waiting.

Trade ist aktiv: Positions still open, currently in a drawdown phase.

I am thinking price will come back to the weekly open of 0.00000294 and beyond to form a top wick for the weekly.

In how much time do you think that it will raise 650%?
Antworten
philipdinu JorgeA.Nino
@JorgeA.Nino, Honestly, I have no Idea. Momentum looks good but it could be months or could be days at the rate some of these coins are moving.
+1 Antworten
JorgeA.Nino philipdinu
@philipdinu, Thanks for answering, nice analysis btw.
Antworten
philipdinu JorgeA.Nino
@JorgeA.Nino, Thank you for the kind words.
+1 Antworten
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