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FLM

FLMUSDT.1DHere's a detailed technical analysis of the FLM/USDT daily chart: Price Action and Structure: The chart for FLM/USDT depicts a bearish trend since the high point around mid-March, with the price establishing a descending trendline. However, recent actions show a consolidation pattern forming, indicating a possible accumulation phase. This is a key juncture, as the direction of the breakout could dictate the short-to-medium term trend. Technical Indicators: RSI (Relative Strength Index): The RSI currently reads at 52.08, hovering around the neutral 50 mark, which indicates a balance between buying and selling pressures. This neutrality often precedes potential moves as the market decides on a direction. MACD (Moving Average Convergence Divergence): The MACD is showing a slight bullish crossover, with the MACD line just above the signal line. This could indicate an early sign of growing bullish momentum, although it’s still quite early to confirm a strong uptrend. Support and Resistance: Support (S1 and S2): The chart identifies a crucial support level (S1) at $0.0812. If the price holds above this level, it could stabilize and potentially begin an upward trajectory. A drop below this support could lead to further declines towards the next significant support (S2). Resistance (R1 and R2): Resistance at $0.1133 (R1) is the first barrier the price needs to break through to confirm any bullish bias. The next major resistance at $0.1439 (R2) represents a longer-term target for a bullish scenario. Projection and Strategy: The chart projects a possible bullish move, aiming first for R1, followed by a more ambitious target at R2 if the momentum continues. The strategy should focus on confirming the bullish potential by monitoring the price reaction around the current consolidation and especially at the S1 support level. Entry points could be considered around or slightly above S1, with stop losses just below this level to manage risk. Conclusion: The FLM/USDT pair shows signs of potential bullish activity but requires further confirmation. A sustained move above S1 with supportive volume and additional bullish signals from the RSI and MACD would increase confidence in a possible uptrend. Traders should remain cautious and wait for clear signals before committing to positions, given the recent price volatility and the proximity to significant support and resistance levels.
Long
by MarsSignals
FLM/USDT is need breakout the resistance for confirm to bullish!💎 Paradisers, #FLM has recently shown significant market dynamics. Currently, FLM is encountering resistance. 💎 If FLM successfully breaks out above this resistance, it could signal bullish momentum and lead to further upward movement, possibly reaching the strong resistance area. 💎 However, if FLM fails to break out of the resistance and experiences rejection, there is a possibility of a downward movement towards the support area around $0.11. This could allow FLM to gather momentum for another breakout attempt. 💎 When FLM reaches the support area, it needs to bounce to maintain bullish momentum and attempt to break out of the resistance again. However, if FLM fails to bounce from the support and breaks below it, it could indicate a bearish trend continuation, leading to further downward movement. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise_Nathan
6
FLMUSDT.1DBased on the provided market data for the FLM currency, we can observe that the current price is 0.092 USDT. The Relative Strength Index (RSI) is a key momentum indicator used to measure speed and change of price movements. The RSI for 4 hours, 1 day, and 7 days are 56.58, 69.51, and 54.67 respectively, indicating that the currency is neither overbought nor oversold in the short term. The Moving Average Convergence Divergence (MACD) for 4 hours, 1 day, and 7 days are 0.00058, 0.0034, and 0.0005 respectively. The positive MACD suggests that the currency is on an upward price trend. The Bollinger Bands (BB) for 4 hours, 1 day, and 7 days are 0.095, 0.099, and 0.1022 respectively. The current price is below the BB for all the periods, which might suggest a possible upward movement in the upcoming time frame. The currency has support levels at 0.086, 0.080, and 0.074 for 4 hours; 0.084, 0.071, and 0.065 for 1 day; and 0.085, 0.070, and 0.063 for 7 days. These levels could be the possible low points the currency could reach before bouncing back up. The resistance levels at 0.096, 0.10, and 0.1046 for 4 hours; 0.10, 0.11, and 0.1320 for 1 day; and 0.1029, 0.1297, and 0.16 for 7 days are the potential high points the currency could reach before facing selling pressure. In conclusion, the FLM currency shows positive signs of an upward trend based on its RSI and MACD indicators. However, it's always important to monitor market conditions and other technical indicators before making any investment decisions.
by MarsSignals
FLM/USDT Ready for its Bullish Momentum? 👀🚀FLM Analysis💎 Paradisers, brace yourselves for a captivating development in #FLM's market trajectory, suggesting a potential bullish rise from its current demand zone. 💎 After encountering a strong pushback from the significant supply zone at $0.113, Flamingo has notably navigated through buy-side liquidity. This maneuver potentially sets up a downward trend before embarking on a bullish recovery from the critical demand zone at $0.067. 💎If FLM build enough bullish strength at this point, we may see an assertive move towards, and potentially beyond, the sturdy supply zone above. 💎 In the dynamic and unpredictable realm of the crypto market, a flexible and responsive strategy is essential. If #FLM encounters challenges in solidifying its position within this key support zone, a swift and strategic shift might be the path to success. 💎 In such circumstances, we activate our contingency plan: eyeing a bullish trajectory from a lower, yet strategically significant, demand level at $0.0543. This level becomes crucial, as breaking below it could signal the onset of a bearish turn in #FLM's market narrative.
Long
by MyCryptoParadise_Simon
Can we expect another pump on FLM?Hello everyone! FLM has formed an ascending triangle with its potential marked at $0.17 after breaking through and staying above $0.10. However, I suggest considering an option with slightly lower profit but a higher probability of success, as if you look at the chart, you can see that there have been several price pumps by manipulators recently. I believe that another pump can be expected in the near future. Target: $0.15 (+48% profit) This is not financial advice, and everything you do is at your own risk!
Long
by neverovv
1
FLMUSDT.4HBased on the market data provided, the FLM cryptocurrency is currently trading at a price of 0.0976 USDT. The Relative Strength Index (RSI) for 4 hours, 1 day and 7 days are 64.15, 65.79 and 53.76 respectively. The RSI values for 4 hours and 1 day are above 60, indicating that the cryptocurrency is somewhat overbought, which could signify a potential price decline in the near future. However, the 7-day RSI is in the neutral zone, suggesting that the coin is neither overbought nor oversold over a week-long period. The Moving Average Convergence Divergence (MACD) for 4 hours and 1 day are positive, indicating a bullish trend, but the 7-day MACD is slightly negative, suggesting a potential bearish trend over the longer term. The Bollinger Bands (BB) for 4 hours, 1 day and 7 days are 0.0977, 0.0987 and 0.0998 respectively. The current price is close to the lower band on all timeframes, indicating a potential upward price movement. The resistance levels for 4 hours, 1 day and 7 days are 0.1035/0.1124/0.1149, 0.1040/0.1146/0.1231 and 0.0/0.0/0.0 respectively, and the support levels are 0.0917/0.0869/0.0780, 0.0858/0.0783/0.0701 and 0.0729/0.0670/0.0522 respectively. The current price is closer to the support levels, indicating a bearish trend. In conclusion, while the short-term indicators point towards a potential upward price movement, the longer-term indicators suggest a bearish trend. This mixed signal suggests that traders should proceed with caution and consider other market factors before making a decision.
by MarsSignals
FLM Long Update: The next bullrun?The time has finally come where money will be flowing into the shittiest of shitcoins, and right up there is the shittiest of them all: FLM. Bursting through the demand zone, FLM is now looking for more buyers to rally to previous highs. oftentimes (as you can see throughout the chart the past year), FLM will have a 1-2 day span where it runs up 70-80% extremely quickly, and I expect that day to come again very soon. When it hits the trendline on my chart, try to sell immediately -- is falls as quickly as it rises. If you got big balls try to do a 5-10x short after the first bearish engulfing 5min candle that falls below that top trendline and wait it out until 0.1221 or even 0.10. Caution while trading this with margin -- price fluctuates a lot more than others, but liquidity has been surprisingly good lately. Good luck everyone!
Long
by Jordsito
FLM, getting ready for another round UP after that correction.FLM went parabolic and touched 0.15, a classic parabolic move -- but as per usual a correction was warranted and trimmed the gains to touch the 0.098 levels. Price action went back as far as 1.0 FIB range on 1h data. A major order block support. Net buyers are back and accumulation have re-started. Expect some significant bounce play from the current range. It may target 0.15 anew -- with a possible break. Spotted at 0.10 TAYOR. Safeguard funds always.
Long
by JSAL
FLMBTC Next Bullish Signals💎A few weeks ago, #FLMBTC accomplished a significant feat by closing above a critical supply zone on the weekly chart, hinting at the possibility of a bullish reversal. However, it's crucial to exercise caution and seek further confirmations to enhance the probability of this outlook. Specifically, the MCP team is closely monitoring the current demand area. Should this area hold, it could pave the way for an upward surge, breaking through several pivotal resistance indicators. These key resistance points include the 50 Simple Moving Average (SMA), the downtrend trendline, and the Volume Profile resistance. 💎A notable observation is that all these resistance indicators have acted as formidable barriers during potential upward rallies. Therefore, the next significant bullish signal would be the breach of both the 50 SMA and the downtrend trendline. Subsequently, surmounting the Volume Profile resistance at 544 Satoshis would be a decisive turning point, potentially ushering in a long-term bullish trend. In such a scenario, we anticipate #FLM to embark on a journey towards the double Fibonacci resistance level around the 900 Satoshis area, signifying a remarkable 200% increase against #Bitcoin. 💎However, it's imperative to maintain a watchful eye on the current demand area, particularly on the weekly timeframe. If the weekly closing price dips below the critical level of 308 Satoshis, it would raise concerns of a prolonged downtrend or an extended consolidation phase.
Long
by MyCryptoParadise
FLM/USDT Break out the falling wedge pattern, Bullish Momentum ?Yello Paradisers, take note! #Flamingo 💎 FLM has successfully broken out of its falling wedge pattern on the hourly chart, backed by substantial trading volume. 💎 Prior to this, FLM rebounded impressively upon hitting a demand zone in the same hourly timeframe. Additionally, the candlestick pattern displayed 'Three White Soldiers,' a bullish indicator. 💎 This creates a favorable short-term trading environment for FLM, supported by multiple bullish confirmations. You have the option to enter the trade now or wait for FLM to retest the support trendline of the previously broken falling wedge. 💎 This bullish outlook would be invalidated if FLM breaks below the key support level and closes there.
by MyCryptoParadise_Nathan