$FLO/BTC longterm target

2021年5月15日

FLO made a new ATL in the bear season and has been showing rising volume ever since, historically the volume can be compared to what was seen much higher in prices.
This indicates a strong accumulation and an upcoming uptrend.

My targets are same as last cycle, mainly the 2.618 fib at around 4k satoshi with a moonshot chance of the 4.236 at 6.2k satoshi.
Along the way I see good TP's and or potential trade opportunities being fib levels with some more notable ones being at 0.382 (~800 sats), 0.786 (~1.3k sats),1.272(~2k sats) and 1.618 (2.5k sats).

Once again I do not expect an immediate rise to the targets but rather a longer term progress through the levels with a big jump in price at the end accompanied by appropriate volume.