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.
Flmanalysis
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.
🟢 FLMUSDT - 3D (28.09.2022)🟢 FLMUSDT
TF: 3D
Side: Long
Pattern: Bullish Bat + Double Bottom
SL: $0.092997
TP 1: $0.139903
TP 2: $0.1689021
TP 3: $0.192374
FLM looks super bullish on the three day time frame.
Flamingo Token (FLM) Analysis 09/03/2021Flamingo is a decentralized finance (DeFi) platform based on the Neo blockchain and the Poly Network interoperability protocol.
It combines several DeFi applications into a single ecosystem: a cross-blockchain asset gateway (wrapper), an on-blockchain liquidity pool (swap), a blockchain asset vault, a perpetual contract trading platform (perp) and a decentralized governance organization (DAO).
Flamingo positions itself as a singular platform that combines multiple decentralized finance tools for Neo into a common ecosystem that will be governed by its users via a decentralized autonomous organization.
Decentralized finance is a nascent, fast-growing trend in the cryptocurrency industry that encompasses various financial solutions that often operate on top of cryptocurrency blockchains. Working as a sort of second-layer industry, DeFi platforms are conceptually aligned with the idea of the cryptocurrency industry as a whole: eliminating third parties and singular points of failure from monetary and financial systems. Having emerged in early 2019, by mid-2020 the DeFi industry already boasted over $4 billion in locked collateral assets.
Some of the main use cases in DeFi are cryptocurrency lending, yield farming and decentralized exchanges. However, for most cryptocurrencies and their respective DeFi environments, each of these solutions is usually provided by a single separate platform.
Flamingo’s unique advantage comes from the fact that it’s aiming to combine all the key financial instruments for the Neo cryptocurrency token (token wrapping, liquidity pooling, asset vault and contract trading) and make them available via a single platform that will be governed by its own users in a decentralized way.
Technical Analysis:
As we can see the there exist a Hidden Bullish Divergence with MACD Histogram which is the sign of trend continuation
there are total of 3 Targets Specified by Fibonacci projection of the Past Impulsive Wave where we get the 3 TP confirmation when we get to our 2TP on an impulsive wave with some price Correction
Felamingo on the road $FLM #FLMFlamingo has reached the end of his triangle and The upper side of the triangle is broken. It can grow up to 80 cents in the midterm.
Currently, due to the increase in the bitcoin range and its movements, all altcoins will be affected by it. The analysis is just a series of probabilities.
I hope you find this analysis useful🌹
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The Flamingo is ready to fly #flm $flmFlamingo has reached the end of his triangle and has to make a decision for his next move. I hope he decides to go up, and in that case, he can grow up to 60 cents in the midterm.
Currently, due to the increase in the bitcoin range and its movements, all altcoins will be affected by it. The analysis is just a series of probabilities.
I hope you find this analysis useful🌹
Follow for more...