FLM
FLM speculative cup and handle confirmedMy last idea on FLM matured well enough, you'll see on 4h on this chart that the cup and handle was confirmed, and resistance turned support.
Next resistance is around 0,00001, then around 0,000013.
When 0,000013 is broken and confirmed there is a lot of upside on FLM.
Flamingo is so far the only place where you can stake SWTH apart from dem.exchange.
Speaking of dem.exchange; this is a project by Switcheo TradeHub (same team who made Zilswap for Zilliqa), and it is about to release derivatives, I bet is on this week; so far it's only in soft-launch (a released beta in a sense) this will massively boost volume on dem.exchange and I believe FLM will soon be listed there as too (since the Switceho team has worked with FLM as well).
I believe SWTH will see some massive gains the coming weeks, when soft launch of dem.exchange becomes full launch with marketing of derivatives/futures.
Dem.exchange will have up to 150x leverage, native BTC and ETH, USDC (just connect Ledger or Metamask and do what's needed), and close to zero transaction-fees. Volume on dem.exchange is still low and a bit under the radar, but it will rise massively I believe, partly because of its affiliation with Three Arrows Capital and other big venture-firms.
Both FLM and SWTH are traditionally on NEO, but since SWTH is now on TradeHub and has it's own chain and is cross chained it is really decoupled from the NEO-system.
Anyway I'm digressing here; I mention SWTH because I believe it to be one of the best projects in the crypto-space right now, especially considering the current events with trading being stopped by big capital.
And since SWTH isn't possible to chart on Tradingview yet I thought I'd mention it (you can chart it on charts.cointrader.pro )
Dem.exchange is at the forefront of the decentralised world; you'll get 60% APY when staking, and 90% of trading-fees also goes to stakers.
The world NEED decentralised exchanges.
🔥 FLM/USDT Bullish Channel Break OutWith today's strong price action, FLM has finally left the channel in which it has been residing for almost three months now.
This bullish break out is accompanied by a big daily candle today, with more to come.
On the chart, I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Happy trading!
FLMUSDT (FLM) - IMMINENT BREAKOUT ANALYSIS 🔎
- FLMUSDT is consolidating in a symmetrical triangle pattern .
- A relatively big move is imminent.
- There's a breakout potential.
POSSIBLE PRICE ACTIONS
- Uptrend ⬆️: breakout above the symmetrical triangle's inclined resistance.
- Downtrend ⬇️: breakdown below the symmetrical triangle's inclined support.
TARGETS 🎯
- Uptrend ⬆️: Horizontal resistance levels (R1, R2).
- Downtrend ⬇️: Horizontal support levels (S1, S2)
FLM breaking ascending trendline - breakout? As we saw FLM broke down on the support-trendline that became a resistance-trendline instead.
Now it broke up, possibly establishing this as a support-trendline again.
If this support trendline holds it's a good probability FLM will break recent resistance-levels in the ascending triangle.
If recent resistance then holds as support it's likely FLM will rise against BTC.
Keep in mind FLM is still dilluted with new tokens every day from staking.
Flamingo: FLM broke outA quick look at FLM. Ready to move upward after breaking out of resistance.
Only thing is the release of 5 mill tokens /week - still mcap seems too low to me.
Like with a lot of other coins really.
Also: if you're into the NEO-system, actually if you're into crypto at all:
Get aquainted with Switcheo and it's soon to come dem.exchange:
(connect your metamask or other personal wallet to trade all kinds of derivatives with up to 100x margin).
✳️Flamingo/USDT (15/11) View + Trading Plan #FLM $FLMFLM is forming an Ascending Triangle pattern and this pattern could help FLM rebound in the next few days. However, FLM's selling pressure is still very strong so we need to pay attention to 0.2$ and 0.25$ zone.
Currently, 0.15$ zone is temporarily considered the last support zone of FLM that we can trust. Sell immediately if this area is lost,
📈BUY- LONG
-Buy close to 0.14-0.15$, stoploss if B
📉SELL-SHORT
-Sell: 0.20-0.21$, stoploss if A
-Sell: 0.25-0.26$, stoploss if A
-Sell: 0.30-0.31$, stoploss if A
♻️BACK-UP
-Sell close to 0.14-0.15$ if B, stoploss if A
-Buy: 0.09-0.1$, stoploss if B
❓Details:
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"