FLM
FLM breaking ascending trendline - breakout? As we saw FLM broke down on the support-trendline that became a resistance-trendline instead.
Now it broke up, possibly establishing this as a support-trendline again.
If this support trendline holds it's a good probability FLM will break recent resistance-levels in the ascending triangle.
If recent resistance then holds as support it's likely FLM will rise against BTC.
Keep in mind FLM is still dilluted with new tokens every day from staking.
Flamingo: FLM broke outA quick look at FLM. Ready to move upward after breaking out of resistance.
Only thing is the release of 5 mill tokens /week - still mcap seems too low to me.
Like with a lot of other coins really.
Also: if you're into the NEO-system, actually if you're into crypto at all:
Get aquainted with Switcheo and it's soon to come dem.exchange:
(connect your metamask or other personal wallet to trade all kinds of derivatives with up to 100x margin).
✳️Flamingo/USDT (15/11) View + Trading Plan #FLM $FLMFLM is forming an Ascending Triangle pattern and this pattern could help FLM rebound in the next few days. However, FLM's selling pressure is still very strong so we need to pay attention to 0.2$ and 0.25$ zone.
Currently, 0.15$ zone is temporarily considered the last support zone of FLM that we can trust. Sell immediately if this area is lost,
📈BUY- LONG
-Buy close to 0.14-0.15$, stoploss if B
📉SELL-SHORT
-Sell: 0.20-0.21$, stoploss if A
-Sell: 0.25-0.26$, stoploss if A
-Sell: 0.30-0.31$, stoploss if A
♻️BACK-UP
-Sell close to 0.14-0.15$ if B, stoploss if A
-Buy: 0.09-0.1$, stoploss if B
❓Details:
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
FLM soon to break out Fast chart based on price-action alone, on daily-timeframe.
FLM has since it's conception gone one way and one way only. Downwards.
People were fabling about prices at around 1 bill, others thought 50 mill would be the very minimum (me included).
Now it's valued at around 25 mill.
Trading-volume is about 6,5mill.
it's liquid, and it's a good project.
But I want to mention the team behind the Flamingo-discord-channel; the Switcheo-team.
Switcheo are releasing their decentralized exchange very soon ( we're talking weeks), LP's are secured, they have a FLM-SWTH-pair coming up on Flamingo.
Switcheo is a great project that anyone interested in FLM will have heard about sooner or later. It will be massive, bigger than FLM I think.
Sorry if this is seen as shilling, it is well meant :)
[FLMBTC] FLAMINGOGOFlamingo finally recovering!
November will be a good month for this coin.
Bullish with MACD + RSI oversold for weeks so we can expect some reversal soon + fib levels
Yellow line is the trend resistance we have to break.
Not an investment advice, just sharing my thoughts.
Good luck! :)
FLM USDT TRADE IDEAPotential counter trend for the mini downtrend if it can happen there will be a chance for the switching accumulation which can send the price .30sh and maybe more. So much potential upwards and it looks like sellers have already leaving and buyers coming in. Will see will it play or not.