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Flaretoken

Flare has 1 daily candle close above the invh&s neckline. Fairly big candle that closed above the neckline too and the bigger the candle the higher the probability that it can flip that neckline to support. However we all know how often price action will fallback below an invh&s neckline before the real breakout occurs, so for now there is no confirmation or validation that flare has broken up from this pattern just yet. We should know within the next 2-3 daily candles if its gonna breakout now or if its gonna go back under the neckline though if I had to guesstimate. Should it validate the breakout here, the breakout target is around .37 cents. *not financial advice*
COINBASE:FLRUSD
by DrDovetail
11
FLARE has now set the boundaries for a potential cup & handle.I posted a previous chart that surmised a potential cup & handle may be attempting to develop. Now that the recent breakout has pulled back, it has given us the ability to determine the height of the cup, and the pullback will also help us to determine the potential depth of the lower trend line on the handle. The white dashed line is my estimate of the general area I believe it could be. This is a great sign! With the recent bounce we've seen the past 10 days or so, FLARE is now on a lot of people's radar who missed the recent breakout, and are now looking for a potential entry point moving forward. This could give us the volume we need in the coming weeks/months to breakout of the cup & handle pattern, and see even more impressive gains in the near future. Keep in mind it will take time for this handle to fill in, assuming that the cup & handle will continue to form moving forward, but at this point it's looking highly probable. Good luck, and always use a stop loss!
Long
by MetaShackle
1
FLARE looks to be building a cup & handle formation.FLARE (FLR) recently went from being hated by some to quickly being loved by most! Leave it to a crypto doubling in price to change investor sentiment in a positive direction. FLARE (FLR) looks to be in the mid-stage of building a classic cup & handle formation, which we are seeing in a variety of cryptos right now such as HBAR, ALGO, TRU, ONE, REEF, and a few others. Identifying these potential trends can make trading these cryptos much easier by making it possible to identify potential entry and exit points within the trades, as well as predicting the directionality, i.e., long or short. I'm holding a bag of FLARE and will likely continue to hold it for many years to come. Good luck, and always use a stop.
Long
by MetaShackle