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philipdinu
5. Jan. 2018 06:40

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

Beschreibung

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.

Kommentare
UnknownUnicorn1062321
In how much time do you think that it will raise 650%?
philipdinu
@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.
UnknownUnicorn1062321
@philipdinu, Thanks for answering, nice analysis btw.
philipdinu
@Jorgea.Nino, Thank you for the kind words.
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