SHORTING FLM, Inflationary coins are going to get HIT HARD.The market is shaken, BTCUSDT has fallen below the 200 MA a historically vital support for any bullish trend.
ETHUSDT has tanked and most of the market with it.
FLMUSDT has an inflationary supply meaning the total number of coins increases over time.
In a market that has lost it's confidence this can only mean the price will continue in a downward trajectory as more supply is added and we have decreasing demand.
FLMUSDT is in a clear downtrend just like the rest of the market, but has shown signs of weakness before this correction.
I'm betting it's going to continue the downtrend with some strength.
Flamingo
Flamingo Back to initial Entry Price + BULLISH Ascening Triangle#flamingo #flm Forming a massive ascending triangle on the daily. We are also back at the entry price for Flamingo. Breakout looks imminent in my opinion as long as the money keeps flowing in to TOTAL2. We should see FLM continue to pump as long as NEO is pumping and prior to NEO 3 release.
🆓Flamingo (FLM) May-06 #FLM $FLMThe sudden buying force has just came into FLM and made the 0.9$ become its strong support to push it up to 1.3$ and even 2$ in this May
📈BUY
-Buy: 0.9-0.95$. SL if B
-Buy: 0.78-0.82$. SL if B
📉SELL
-Sell: 1.25-1.3$. SL if A
-Sell: 1.9-2$. SL if A
♻️BACK-UP
-Sell: 0.78-0.82$ if B. SL if A
-Buy: 0.58-0.62$. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY & SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
FLM: The next bullish bounce is starting soon off the 100 Day MAFlamingo has not even reached its ATH yet and NEO as well. The charts are clearly showing the upward moving momentum including all of the retracements so far.
Get ready for this next big bounce!
I have predicated based on the charts every move FLM has done so far since it was below 0.30!
Fundamentally also, NEO will follow Ethereum, the same way it did in 2017/2018.
FLM - BIG MOVE COMINGAs with all the other crypto pairs, we have seen a big bullish leg followed by a correction which we are in right now. We could possibly be in an ABC bullish correction now with the end of wave C aligning with the bottom of the flag and the Daily MA. Will wait to see if price reacts there and look for buying pressure.
Flamingo (FLM) Strongly Bullish | Time To Jump! (105%)We have been patient with Flamingo (FLMBTC) which is good since patience is the key.
The same trend remains intact, we have bullish consolidation taking place.
Today, prices move above EMA100 which can lead to massive gains.
Just look at the green arrow on the chart... Huge potential!
Namaste.
Flamingo DEFI on the NEO network is about to explodeFlamingo DEFI ($FLM) has only been up 350% as an ATH since its low based on www.coingecko.com
Most solid DEFI coins like LINK, CURVE, LUNA, SUSHI and others have risen over 10,000% so $FLM has so much more room to grow.
It is currently attempting to break a major resistance which has crossed it a few times in the past few days and is about to follow the rest of the ALT boom and especially the DEFI boom.
Another main coin that has not done its true upward move is NEO!
NEO has reached an ATH of $200 in the 2017/2018 Crypto hype and it is now trading less than $50!
FLM runs on the NEO network and NEO has recently done a major Testnet upgrade: coinmarketcap.com
This chart shows that FLM is about to explode way above $2.00 :
Flamingo (FLM) Stable Ascending Channel As Consolidation (125%+)We have only seen slow and steady growth, or "bullish consolidation", take place for FLMBTC (Flamingo) since our trade idea on March 3, see it below:
But, what does it mean?
On this chart, the bullish consolidation is marked with an ascending channel.
We can see prices trading above EMA50 and EMA10.
Today we have a strong green candle with the bears losing control... The bulls now have the upper hand, strong RSI and MACD, FLMBTC is about to grow.
The next target is mapped on the chart.
These "targets" are for reference only...
Remember to do your own research before buying into any trade.
Thanks a lot for reading.
This is not financial advice.
Namaste.
FLAMINGO OVERVIEWGood morning guys!
Today I wanna mention $FLM on the daily bar chart, one of my current top projects when it comes to NEO chain. You know, I am a fan of simple and clean TA + FA. Volume always leads the way. A lot of buyers stepped in on this one. For me, it is just a matter of time, especially when NEO makes a new ATH. If you know, you know.
Of course, this is not financial advice.
Play safe and do not over leverage yourself. This beauty on spot is at least 10x, so no lev necessary.
Cheers!