FIO Protocol (FIO) vs USD/BTC

On the above 1-day chart we have a 82% correction from the highs of August with following oversold condition (orange column). MFI is in divergence with price action for over a period of 30 days now.

Is it possible price action falls further? Sure.

Is it probable? Unlikely. Price action is considerably oversold with regular bullish divergence.

1st target is 92% / $0.14 from current levels.


1-day BTC chart showing bullish divergence

עסקה פעילה:

Both BTC & USD charts forming a large Dragonfly DOJI candles on the daily chart suggesting a large move is coming - don't chase it if it pops.

עסקה פעילה:

Higher low on Stochastic RSI as MFI resistance (bottom oscillator - blue line) is broken.

עסקה פעילה:

Price action retraces within a ascending triangle to create a new higher low whilst testing the 50-day moving average (blue line) and bounces. Looking very nice.

עסקה פעילה:

Kaboom - whenever you see an ascending triangle make a 3rd attempt at resistance with higher lows - so powerful.

עסקה פעילה:

Do not have the oomph to write a new idea for this one…


4-day USD pair

עסקה פעילה:

Years go by and nothing. Then suddenly this prints on the 2-day

If you're wondering where this printed before it was on a recent idea called highstreet