FIROUSDT Unveiling the Long Move Potential#FIROUSDT
In this analysis, we delve into the spot market of Firo (formerly known as Zcoin) against USDT (Tether) and uncover intriguing insights into its long move potential. Firo, a privacy-focused cryptocurrency, has recently displayed notable price action, hinting at a promising journey ahead. Join us as we explore the key factors driving Firo's bullish momentum and the possible implications for traders and investors.
Price Analysis:
Over the past few weeks, Firo/USDT has been on a captivating trajectory, exhibiting a series of substantial upward movements. The price has seen consistent gains, with occasional minor retracements. This consistent upward momentum suggests the presence of a strong buying interest in the market, indicating a favorable environment for long-term holders.
Market Sentiment and Fundamental Factors:
Firo has caught the attention of investors and enthusiasts alike due to its innovative privacy features and ongoing developments. The coin's cutting-edge technology, including the use of zero-knowledge proofs and decentralized storage, has positioned it as a frontrunner in the privacy-focused cryptocurrency space. Such advancements have garnered significant interest and trust among the community, fostering a positive sentiment towards Firo's future prospects.
Furthermore, partnerships, integrations, and collaborations within the Firo ecosystem have amplified its visibility and utility. These strategic alliances have not only expanded its reach but also reinforced its position as a viable solution for privacy-conscious individuals and enterprises. The growing adoption of Firo's technology could potentially fuel its long move and attract further market interest.
Technical Indicators:
Examining the technical indicators reveals several bullish signals for Firo/USDT. The moving averages are exhibiting a clear upward slope, with the shorter-term averages consistently staying above the longer-term ones. This crossover indicates a strengthening bullish trend. Additionally, the trading volume has experienced significant spikes during periods of price surges, affirming the presence of strong market participation.
The Relative Strength Index (RSI) suggests that Firo is not yet overbought, leaving room for further upward movement. This indicates that the current bullish trend may have more potential to unfold in the coming days and weeks.
Conclusion:
With a series of bullish movements, a positive market sentiment, and strong technical indicators, Firo/USDT appears poised for an extended upward journey. While retracements and short-term fluctuations are expected along the way, the overall outlook remains optimistic. Traders and investors looking for exposure to a privacy-focused cryptocurrency with potential for long-term growth may find Firo to be an intriguing option.
As always, it is important to conduct thorough research, perform technical analysis, and manage risk according to individual investment strategies.
FIROUSDT trade ideas
#FIRO/USDT - Long - Potential 4.32%Direction: Long
Market: Spot
Risk: 0.25% - 1%
#USDT_FIRO
Exchange: BINANCE
Timeframe: 360
TP1: 2.121
Entry: 2.031
STOP: 1.941
Entry Conditions:
| Trendbreak with retrace complete
| Support
| Bullish weekly pivot
#FIRO/USDT - Long - Potential 7.97%Direction: Long
Market: Spot
Risk: 0.25% - 1%
#USDT_FIRO
Exchange: BINANCE
Timeframe: 360
TP1: 2.708
Entry: 2.509
STOP: 2.316
Entry Conditions:
| Resistance flipped to support
| Big Volume
FIRO the next crypto for MINE with GPUsFirst ; All shades are incredibly long lasting.
Second; The main movement channel is marked at the bottom level.
Third ; The sub channel is convergent.
FIRO To 2.8Firo will go up to 2.8usdt.
The Resistance level is at 2.8 usdt and after fibo confirmation we will target 2.8.
FIROUSDT SPOT buyBuying FIRO in SPOT
buying under 1 HR support
In case of retracement of BTC. Will buy Again and DCA at 4HR support
FIRO to $110On the above weekly chart after a 80% correction price action prints a textbook Dragonfly DOJI candle. This is a strong signal following the sell off a reversal of equal momentum is about to occur.
On the daily chart below price action breaks out of resistance following the bullish divergence.
Why $110?
FIRO is actually Zcoin, it was rebranded. Price action history for FIRO is limited. However with a bit of trickery, and hey presto - Firo/zcoin complete history on weekly:
How traders can make money on the ZK narrative?The ZK narrative is one of the most trending topics at the moment. Many users are waiting for the release of ZKSync and StarkNet, which will bring new value and applications to the crypto space.
The launch of ZKSync and StarkNet, may force the market to reassess the current Rollup projects, which will positively affect the price of their tokens. So, we can make a conclusion that you need to keep your finger on the pulse about ZK and Rollup projects and know which projects can go up.
In this idea, we will list the most interesting projects , which can benefit from the ZK narrative and bring traders maximum profit. We'll also mention our thoughts how to get more profit.
The projects list
1. $MATIC
It is the most obvious project, which in addition to its main products, also has ZK solutions. Also, $MATIC has advantages as it fits into several interesting narratives. We can say it's a versatile asset.
2. $ROSE
Layer 1 network with initial rollup support and privacy at the smart contract level
3. $AZERO
Layer 1 blockchain built on the more productive DAG consensus mode. It integrates the ZK technology into its solutions.
4. $SYS
A double-chain solution running on EVM and BTC concepts. EVM chain is based on rollup and ZK support solutions.
5. $METIS
Layer 2 network based on the optimistic rollup concept.
6. $MINA
Layer 1 blockchain using ZK-SNARK technology.
7. $LRC
Layer 2 ZK rollup, designed to optimize trade and payment.
8. $IMX
Layer 2 network created for NFT, using STARK ZK-rollup solutions.
9. $MUTE
DeFi platform on ZK Rollup technology
10. $BOBA
Layer 2 solution, based on Optimistic Rollup
11. $SKL
A competitor to all Rollup solutions due to its unique technology of launching separate blockchains to meet the needs of the audience
12. $FIRO
Project that created solutions to burn native tokens and get new pure tokens without transaction history
13. $PIVX
Financial data protection solution plan to integrate ZK-SNARK solutions.
14. $ZKS
DEX, which uses the ZK technology.
How can you make a profit?
1. Watch for updates within the narrative and announcements from the main stars of this trend, ZKSync and StarkNet, the closer the token's release to the market, the more projects will react to it
2. Look for new projects developing Dapps that have not yet released their token.
3. If your strategy and risk management allows you to buy, allocate a part of your deposit and diversify it between tokens of projects you like.
Conclusion
The ZK and Rollup trend is one of the most interesting and discussed at the moment, but it's not the only one. There are also a few more promising narratives we will tell you about soon. Share your thoughts about these projects in a comments section and check links in our bio. Thanks for reading
Firo 1W Lookes very promising Having different bullish technical analysis on Firo which looks very promising in the future
#FIROUSDTFiro has a good potential to go higher . support level is clear and i think in 15M we are in a trading range
we will fly soon
not a financial advice
comment your idea if needed .
🚀(FIRO/USDT analysis)The #6 suggestion for Ethereum POW alternative , for gpu miners , is Firo ,with an good potential to grow ;
🔹Rank #459,/ kind : coin POW \\ Market Cap:$34,567,818\\===> good
Max Supply: 21,400,000 ///11,483,918.70 FIRO 54% ====> good
🔰What Is Firo ?
Firo (FIRO), formerly known as Zcoin, is a cryptocurrency that focuses on being private digital cash. It created the Lelantus privacy protocol which allows users to burn their coins and redeem them later for brand new ones that do not have any transaction history.
📊Technical POV :
Since may 2021 , FIRO has been fluctuating in a descending channel until now , but as you can see it retested the white trendline for several times , so if be able to breakout this line and take over current yellow (pivot) zone it will continue to rise to higher trendline or resistance zone and so on ! but otherwise may be rejected and can fall on the lower support zones again !
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💚 if you're fan of my analyses please follow me , drop a comment 🗯 and Boost me 🚀🚀
WHAT IF ? #FIRO $FIRO XEC 2021
Firo looks strong these days!!
and what if all that is just the beginning?
FIROUSDT | RESISTANCE AHEADFIROUSDT has been been trading with in a parallel channel. The price is approaching to the horizontal resistance . The zone is also confluence point of upper boundary of channel. The RSI has bearish divergence too.
The bulls need to break above the channel and resistance zone too. While bears will be in complete control below break of channel.
Manage your trades accordinglly.
FIROUSDT | RESISTANCE AHEADFIROUSDT has broken above the falling trendline. Currently price has approached to horizontal resistance zone. The bulls need to break above the resistance zone and price must sustain above the resistance zone.
Trade your levels accordingly.
Firo is forming bullish Cypher for upto 18.50% moveHi dear friends, hope you are well and welcome to the new update on Firo with US Dollar pair.
On a 4-hr frame, FIRO is about to complete the final leg of bullish Cypher pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
FIRO/USDT-1D-ready to flyIf MA200 IS broken. BINANCE:FIROUSDT
This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info
how to study and read charts or just need help with some coin, just write to me here a comment, i will try to answer to everybody...
i can help you :) all for free, don't worry, BE HAPPY!
FIRO 10 days afterafter 10 days, we received a 4-hour signal, there is a small resistance of 3.15, after which the targets of 3.65 and 4.40 are waiting
FIROUSDT IS IN BUY ZONE. LOOKS READY FOR A RISE!!FIROUSDT is in buy area after a pullback. firousdt seems to start making its way to higher upto 3.5 at least.
shortest goal can be 3..
⚡️ #FIRO/USDT - #SCALP ⚡️⚡️ #FIRO/USDT - #SCALP ⚡️
High Risk Set-Up
Entry Conditions:
- Bouncing off trendline
- Coming to end of consolidation
- Upgrade announcement
News Source:
twitter.com
Entry: $2.785
Take Profit 1: $2.979
Take Profit 2: $3.173
Stop-Loss: $2.591
#SCALP
FIRO Trade PlanFiro trade plan and ideas.
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