FLUXUSDT
FLUX Fell Off a Cliff. Now What?! Potential 30% spike.BINANCE:FLUXUSDT is another hype crypto that is probably another scam. Regardless, the chart shows a technical setup that can return 28% once confirmed by breaking above the ascending triangle reaching a target of $2.168. At the same time, we see a unique RSI pattern. There are three lows in price aligning with three lows in RSI which I have marked with vertical lines. The first two lows show RSI divergence which is a sign of reversal. The third low in price shows a higher low in RSI which is confirmation of the reversal trend. On top of that, we see an ascending triangle forming. The triangle is not confirmed because it needs 3 touches on each side. Currently, each side has two touches only.
Conclusion: We wait for the triangle to be confirmed. Then there is an obvious trade set-up.
FLUXUSDT cup and handleHello,
Just a very simple idea on FLUX. Very nice cup and handle that is maturing. While we are testing the current lower supports, this scenario remains valid as long as the ~1.90$ support isn't broken, in which case the handle would be invalidated (by broken, we mean candle close beneath followed by a confirmation.
Otherwise we wait for a break above the latest ATH to ride the wave up once it breaks and confirms.
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