FLDCBTC - Daily Trend Reversal / Bounce off MA/Kumo cloud. +650%
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.
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 active:
Positions Open.
Trade active:
Positions still open and waiting.
Trade active:
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.
I am thinking price will come back to the weekly open of 0.00000294 and beyond to form a top wick for the weekly.