RLinda ! FLMUSDT-> Breaking the resistance line. What's next?
FLMUSDT The main trend on the chart is downward. For a long time the coin is moving behind the cryptocurrency market - going down.
According to the price highs we can determine the formation of the resistance trend line and we can see how today the price breaks the downward line upwards and the price impulsively tests the resistance at 0.1210.
The price tested the resistance many times before, but after shallow false breakdowns we see the continuation of the fall without the possibility of updating the price highs - the buyers did not have the strength.
At this point we see a positive reaction and are able to identify the potential for further targets.
I assume that the breakdown can be a true one, and on the retest the price can break through the resistance at 0.1210 and continue its growth against the trend. The short-term target is the resistance at 0.1483, and the medium-term target is 0.1866
Regards to R. Linda!
According to the price highs we can determine the formation of the resistance trend line and we can see how today the price breaks the downward line upwards and the price impulsively tests the resistance at 0.1210.
The price tested the resistance many times before, but after shallow false breakdowns we see the continuation of the fall without the possibility of updating the price highs - the buyers did not have the strength.
At this point we see a positive reaction and are able to identify the potential for further targets.
I assume that the breakdown can be a true one, and on the retest the price can break through the resistance at 0.1210 and continue its growth against the trend. The short-term target is the resistance at 0.1483, and the medium-term target is 0.1866
Regards to R. Linda!
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