FLM
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.
FlamingoStill a new coin, started in September, so finding its base but not a lot of data. After the inital problems with wallet fails on the first day of staking, they appear to be on top of issues and running on time.
Next item on the timeline is Vault Phase 3 - Stablecoin Issuance - 28th of Nov 2020 - No idea what this is, guessing they will be starting a new stable coin.
Interesting project, lets see if they can add some fundmental value to FLM.
Back to the charts
- We have seen a parabolic fall from $4.50, transition into a gradual downward wedge.
- Still weak - under all MAs
- Downward pressure with staking coins as people continually sell as they are earned.
- Have noticed a Bullish divergence that played out on the 17th for a 10% rise
- Currently have a new one presenting.
- Small bounce off bottom of wedge.
- If it hits the top this is about a 5% move.
- Volume seems to be dropping off, less sellers or interest?
- Risky trade mainly because its very new.
As always take the proper risk management.
Flamingo learn to flyFlamingo - Full Stack Cross-chain DeFi Protocol
Oversold.
Everyone is short.
Yes, Increasing supply from LP reward but could be bought up and staked.
FLM/USDT 1 hour chart Here we got a start of an uptrend. Keep to my targets and you should be fine. If you agree hit me with a like and let me know what you think Follow for more content.
✳️Flamingo/BTC (5-10) #FLM $FLM #FLMBTCIn next days, FLM may go sideways in the range of 3000-4000sts or even 3000-3500sts. Because the slope of its downtrend was so steep, so it will take us much more time for going sideways.
I think the decision moment will be mid October.
[FLMUSDT] Almost time for a recoveryWe're reaching the end of a falling wedge since its listing on Binance.
We need to consolidate more on the current 3400 area to set it as main support.
RSI is oversold, candles hit Bollinger's lower band which means we can expect a reversal situation pretty soon.
Nothing special to see yet on MACD in my opinion.
This is not an investment advice, just sharing my thoughts.
Good luck!
FLMUSDT ANALYSISIt is 4th. day of this coin so that it is too early to talk , we will interpret this coin in the near future.
