Things aren't looking good for Flare!Many traders got caught up in the recent Flare bull-trap. Big losses are about to stack up in the coming weeks if this trend continues.
FLRUSD trade ideas
Keep an eye on Flare..I've been watching Flare for quite some time plotting a potential entry for a long-term hold. (See my previous posts on Flare.)
This chart shows that each time the histogram on the MACD is green, once the green bar turns white it signals a downturn in the price (as indicated by the red arrows), and those signals thus far have acted as a barrier that present significant resistance to future price movements above those areas (represented by the red lines).
✴️ Flare | Multiple Bullish Signals ExplainedAnother interesting chart shows up as FLRUSD (Flare).
Multiple bullish signals are present on this chart, we will visit them in a simple manner.
Flare Daily Bullish Signals
Flare is now breaking out of a consolidation pattern.
Highest volume ever 27-October as prices start a recovery.
Very strong RSI at low levels.
MACD trading within the bullish zone.
Trading above EMA10/21 and EMA50.
Bullish divergence with the MACD & RSI.
Huge growth potential.
The potential is huge.
The 250% target mapped on the chart is only half or less of what is possible in the coming weeks and months.
In 2024, we are very likely to experience new All-Time Highs all across the board, most of the Altcoins market.
Remember to plan ahead of time to maximize potential profits and reduce potential losses.
You are appreciated.
Your mindset is very important for your financial success.
If you believe you can achieve it, you will receive it.
Affirm your highest potential and it shall become true.
You have my support.
Namaste.
Flare looks to be setting a classic bull-trap.Flare has been on a run the past 8 days, but if you look at the chart I've provided you can deduce a great many things.
Since Jan 11, 2023, Flare has printed a total 11 challenge highs on the chart. Only one time has it broken the previous high, and that happened on April 11th breaking the previous high set on March 28th, (This area is indicated by the green arrow, and the box on the chart as well as in the stochastic) which basically amounted to a 'nothing burger.'
In the stochastic, during that same time frame, we see the only time flare has broken the 41.22 level (indicated by the lower white line) running up to 70.62 (the dotted line) which coincides with green arrow in the chart. (The nothing burger)
Right now we are seeing Flare potentially challenge the 41.22 level on the stochastic, while also setting another high in the chart at .01182. (As seen in the lower text box) But at the time of writing this post Flare is shaping a red candle next to the last red arrow.
So, from this info we can make a better decision on whether or not now is the time to load the boat on Flare. So before I will buy any Flare, I want to see the following.
1st- I want to see Flare break the .01182 level on the chart, and the 41.22 level on the stochastic.
2nd- I want to see Flare break the upper descending wedge trend line.
3rd- I want to see Flare break the previous high of .01265.
What would be a really bad sign is if Flare drops below the .0081 level (the lower dotted line) as it could be a sign that price movement is going to head back down to the lower descending wedge trend line.
I hope this helps you make a better decision. Keep in mind, if I do buy Flare it will be for a long-term, multi-year hold, and that entry is mainly what I'm trying to deduce from this data.
Happy trading!
* For reference. The Moving Average is the 75 Simple M.A. And my Stoch is set to 60/1/3.
Another one of those HOPE coins. Where are we going?As you can see. There are areas which have not gotten a retest. Continues to make lows.
There are some trades if you are willing to put the risk into them. Daily chart with some risky buys if you want to, the rewards could be very very nice.
Flare may about to make a reversal.Flare has been trapped in a seemingly endless downtrend for quite some time. Flare does however have great technology that could utilized in the coming fourth industrial revolution, and should not be underestimated.
Flr flare inverted head and shoulders at play Flr flare inverted head and shoulders at plz here keep a good eye on this coin it will reach a dolla a coin in my opinion
FLR nice little cup and handle here. $.0650 incoming!Here is a small cup and handle here on the 1hr timeframe. Target is $.0650 and then we can see the next setup develop as this is a new coin.
FLR | A total shot in the dark. Just making massive assumptions here based on the data the candles present.
Lets see if that trend will hold and be a good place to jump in
