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.
FLM
FLMBUSD 4H Rebound - LongThis was a private idea of mine from some days ago that I wasn't confident enough to post yet.
I looked at it today and the idea was quite close to what the current state of FLM is right now so here it is!
FLMBUSD currently consolidating after a push towards 1.25.
It is slowly declining towards 0.80. I'm feeling that it will rebound soon, reaching its previous ATH.
FLM is an interesting coin and can be seen as a solid investment long term.
It won't be the ultimate project in your portfolio, but can be an easy x2 on the long term. At the moment it is fairly undervalued and the project is
still developing a lot. Da Hongfei, the founder of NEO, is personally involved in the project and FLM is the main DeFi solution on the NEO blockchain.
Looking at similar projects we have:
ETH - UNISWAP (7% of market cap of ethereum)
BNB - PANCAKESWAP (4% of market cap of BNB)
NEO - FLM (2.8% of market cap of NEO)
QTUM - QISWAP
Let me know in the comments what you guys think! Am I right or wrong? Either is fine so I can re-evaluate my long position :)
$FLM broke resistance, target 50%$FLM broke resistance a couple of days ago, closed above it yesterday, and is confirming with a nice green candle today. As long as we close the daily near or above previous candles, this should be a fairly straightforward +50% on the $FLMBTC pair.
We can set a tight stoploss and aim for high targets.