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Flare

Flare looks to be setting a classic bull-trap.Flare has been on a run the past 8 days, but if you look at the chart I've provided you can deduce a great many things. Since Jan 11, 2023, Flare has printed a total 11 challenge highs on the chart. Only one time has it broken the previous high, and that happened on April 11th breaking the previous high set on March 28th, (This area is indicated by the green arrow, and the box on the chart as well as in the stochastic) which basically amounted to a 'nothing burger.' In the stochastic, during that same time frame, we see the only time flare has broken the 41.22 level (indicated by the lower white line) running up to 70.62 (the dotted line) which coincides with green arrow in the chart. (The nothing burger) Right now we are seeing Flare potentially challenge the 41.22 level on the stochastic, while also setting another high in the chart at .01182. (As seen in the lower text box) But at the time of writing this post Flare is shaping a red candle next to the last red arrow. So, from this info we can make a better decision on whether or not now is the time to load the boat on Flare. So before I will buy any Flare, I want to see the following. 1st- I want to see Flare break the .01182 level on the chart, and the 41.22 level on the stochastic. 2nd- I want to see Flare break the upper descending wedge trend line. 3rd- I want to see Flare break the previous high of .01265. What would be a really bad sign is if Flare drops below the .0081 level (the lower dotted line) as it could be a sign that price movement is going to head back down to the lower descending wedge trend line. I hope this helps you make a better decision. Keep in mind, if I do buy Flare it will be for a long-term, multi-year hold, and that entry is mainly what I'm trying to deduce from this data. Happy trading! * For reference. The Moving Average is the 75 Simple M.A. And my Stoch is set to 60/1/3.
F
by MetaShackle
3
FLRUSD Needs this break-out to turn bullish long-term.FLRUSD (Flare) is rising strongly today, supported by its 1D MA50 (blue trend-line). The pattern though since January has been a Bearish Megaphone, and in order for the price to turn bullish long-term, it needs to break above the Lower Highs. We are buying upon a 1D candle close above the Lower Highs and target 0.05300. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:FLRUSDShort
by TradingShot
2
XRP's next run up targets takes us closer to All Time Highs!XRP's next 3 targets are $1.96, $2.63, and if we are really lucky, then we may see $3.72 on this next run up. The TSI indicator is waiting for a crossover, and we are above the zero line, YET we are pumping, so imagine the prices when the TSi decides to cross up. It will be a crazy pump imo, and we will easily surpass the all time high with ease. Hodl strong as XRP is close to hitting ATH's very soon!!! It's always the last to pump, but will pump the hardest!
Long
by sarwar26
2
THE POWER OF 'FREE' CRYPTO (Flare Airdrop)First I will point out that I understand a large amount of bitcoin people are not fans of XRP...this is normally due to the LARGE SUPPLY ripple has on reserve...like the Saudi's sitting on epic amounts of oil as a percentage to the rest of the world. But I digress... moving on.... The FLR (Spark Token) will be sent out 1 to 1 for anyone that participated in the airdrop "snapshot" back in december...and NEARLY every exchange participated (NEVER HAPPENED BEFORE). On TOP of this...JUST RECENTLY...FLARE ANNOUNCES THEY WILL IMPLEMENT LITECOIN... #LTC ....WHICH MEANS THEY CAN JUST AS EASILY ADD BITCOIN TOO (FLTC & FBTC will be the tickers....) The implications of this in the future could be massive...IMAGINE if the "next amazon" or "next tesla" is airdropped for free but ONLY to people who have been following along with all these crypto projects secretly and suddenly throwing out tokens to current crypto holders. Does this not perpetuate a rich getting richer scenario... if they make sure is kept so "relatively secretive"? Obviously no one was running commercials and there was all but ONE CNN interview with brad garlinghouse that XRP/Ripple would then HINT that they will be working with them. The FLARE Token is not actually distributed yet although the snapshot of XRP has occurred. While we wait for the "Physical Coins" to actually get sent to wallets, there are "IOU's" traded on both POLONIEX and BITRUE. This puts the Fully Diluted Market Cap of the AIRDROP at 10-22 BILLION and in a sense "DOUBLED PEOPLE'S CRYPTO IN DOLLAR TERMS" ....IF they had bought XRP in the 10-22 Range AT SOME POINT before the pump to the 60 cents range. If UNISWAP and 1INCH airdrops weren't COMPELLING ENOUGH of a reason to Jump into crypto...this airdrop proved the major implications of such a powerful utility token "handout". This is one of those "secretive" crypto projects that "came out of no where" and could be the platform used to try to TOKENIZE ALL THE DERIVATIVES. It will implement METAMASK which is the most popular wallet used in DeFi and related platforms/apps. which banks like KRAKEN...can now CUSTODY...following clarity from the OCC who has only recently stepped down (Brian Brooks)
X
by denniswokeupinanewbitcoin
1
XRP, a new upward trend!Since Jan 2018, XRP has been in a downward price correction and consolidation. It's taken 3 years to fullly correct the price, and now XRP have exploded out of a downward trend, signalling a trend reversal. Price bottomed out in March, testing previous lows, and had taken off since then showing clear higher highs and higher lows. Higher highs and higher lows are the indication of an upward trend. If we see a higher low formation, we can expect to see another higher high. HODL with patience.
KRAKEN:XRPUSDLong
by Guzardus
1