FLUXUSDT trade ideas
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.
FLUX LONGWith Flux being relatively new and growing from a coin being worth .02 cents and hit ATH of $3, with all the Noding, Mining and others fundamental based news on the coin, I see FLUX easily hitting new ATH soon because of its reduced Noding news of dropping the amount of FLUX you need to Node and it being one of the highest Profitibility for mining currently. Flux is a nice discount right now and has high potential to hti the $10-$15 with all the amount of investing you can do with the coin. Not Financial advice. Happy trading.