Here FIOBTC is showing a long pattern of accumulation.
The bulls have the lead now after May's low followed by multiple challenges of resistance in the form of MA200.
Currently, it is challenging EMA10/EMA21.
Keeping It Simple
We remain neutral in between with bullish potential in the lead.
The targets are marked on the chart.
Namaste.
The bulls have the lead now after May's low followed by multiple challenges of resistance in the form of MA200.
Currently, it is challenging EMA10/EMA21.
Keeping It Simple
- If FIOBTC can move above the "Trendline"/MA200, we are bullish.
- If it goes below "Support" we are bearish.
We remain neutral in between with bullish potential in the lead.
The targets are marked on the chart.
Namaste.
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