FLO has dropped significantly during the recent BTC bull run. I now see a potential consolidation in BTC, perhaps to trade sideways, allowing for recovery in alt coins.
FlorinCoin has entered the demand zone with support at 0.000010 and resistance at 0.000012. These levels are historically important in this chart, forming strong resistance and support. The latest entry into this zone resulted in a 150% rebound. If history is to repeat then we could see a bounce of similar proportions, here I am projecting a possibility for a 100% gain, although the future of this coin could yield greater returns.
Flo is also rebranding with a new logo: twitter.com/Official...s/927263094707023873
Price may remain around 0.000012 to allow for entry, potentally dropping back to the 0.236 Fibonacci at around 0.000011. Stop loss should be placed below support at ~0.0000099, first target is at the 0.5 Fibonacci at around 0.000017, second target is at the 0.786 Fib at about 0.000025.
FlorinCoin has entered the demand zone with support at 0.000010 and resistance at 0.000012. These levels are historically important in this chart, forming strong resistance and support. The latest entry into this zone resulted in a 150% rebound. If history is to repeat then we could see a bounce of similar proportions, here I am projecting a possibility for a 100% gain, although the future of this coin could yield greater returns.
Flo is also rebranding with a new logo: twitter.com/Official...s/927263094707023873
Price may remain around 0.000012 to allow for entry, potentally dropping back to the 0.236 Fibonacci at around 0.000011. Stop loss should be placed below support at ~0.0000099, first target is at the 0.5 Fibonacci at around 0.000017, second target is at the 0.786 Fib at about 0.000025.