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Flamingousdt

Flamingo (FLM) formed big bullish Gartley for upto 776% rallyHi dear friends, hope you are well and welcome to the new trade setup of Flamingo ( FLM ). On a monthly time frame, FLM has formed a bullish Gartley pattern: It can be quite a high-risk and high reward setup, but as FLM has already broken out a big bearish pennant on a weekly time frame, therefore, the buying for this Gartley move is quite confirmed. 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.
Long
by moon333
Flamingo Token (FLM) Analysis 09/03/2021Flamingo is a decentralized finance (DeFi) platform based on the Neo blockchain and the Poly Network interoperability protocol. It combines several DeFi applications into a single ecosystem: a cross-blockchain asset gateway (wrapper), an on-blockchain liquidity pool (swap), a blockchain asset vault, a perpetual contract trading platform (perp) and a decentralized governance organization (DAO). Flamingo positions itself as a singular platform that combines multiple decentralized finance tools for Neo into a common ecosystem that will be governed by its users via a decentralized autonomous organization. Decentralized finance is a nascent, fast-growing trend in the cryptocurrency industry that encompasses various financial solutions that often operate on top of cryptocurrency blockchains. Working as a sort of second-layer industry, DeFi platforms are conceptually aligned with the idea of the cryptocurrency industry as a whole: eliminating third parties and singular points of failure from monetary and financial systems. Having emerged in early 2019, by mid-2020 the DeFi industry already boasted over $4 billion in locked collateral assets. Some of the main use cases in DeFi are cryptocurrency lending, yield farming and decentralized exchanges. However, for most cryptocurrencies and their respective DeFi environments, each of these solutions is usually provided by a single separate platform. Flamingo’s unique advantage comes from the fact that it’s aiming to combine all the key financial instruments for the Neo cryptocurrency token (token wrapping, liquidity pooling, asset vault and contract trading) and make them available via a single platform that will be governed by its own users in a decentralized way. Technical Analysis: As we can see the there exist a Hidden Bullish Divergence with MACD Histogram which is the sign of trend continuation there are total of 3 Targets Specified by Fibonacci projection of the Past Impulsive Wave where we get the 3 TP confirmation when we get to our 2TP on an impulsive wave with some price Correction
Long
by BitonGroup
6
FLM - huge pump after breakout!Hello, everyone! Last time I made analysis on Flamingo month ago. I said that the FLM has the strong fundamental factors to grow. Click the link under the article to check it. As you know I use the lower Bollinger band on the 3D timeframe(current chart is daily, but the BB indicator use 3D timeframe). According to my strategy a managed to buy FLM almost at the bottom ($0.44). If you bought with me, now you are in 40% profit. Now let's consider what is going to be next. Now the price is testing Supply zone 1 and it is near the Resistance trendline, so it is too dangerous to buy now. We should wait for this Supply zone and trendline breakout and buy only after that. In case of success the price will easily reach the $0.77 (Supply zone 2) and can almost reach the ATH, because it is the height of huge triangle which is formed buy Support and Resistance trendline. DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
Long
by Skyrexio
6
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.
Short
by CryptoEstratega
3