FLMUSDT
FLM Power of Lines +%90!! Cup And HandleHere is the possible resistance because the lines will see how it will react. When you look at the chart it has a big cup and handles and it will break at that red line so if you can get in at retest( follow the green line ) or you can get in a retest of the broken trendline( orange to see is the lines are strong :) )
FLMUSDT BuyHello traders!
FLMUSD is strong bullish. it has made many correction and breakouts from the bottom. It will keep moving in same way but the size of Impulse waves will get bigger.
The Target at 0.75 will give 50% gain of the investment
The final stop of FLM is 1.4$
Good luck traders
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ALTCOINS JUST TAKE A BREATHHi guys!
Today I wanna give you a quick update about this dip shown by the Crypto total markect Cap chart, excluding BTC, on the daily time frame. The MACD indicates a clear bullish crossover on the daily chart. This rally is by far not over. At least on the hourly chart it looks like the short term bottom before we are leaving the old resistance and turn that into support level. I’ll expect that area to leave during this week with a potential retest at the end of the week. For me that seems likely to happen before going upwards again. Since Bitcoin smashed through 1T mcap, I’ll expect the total crypto market cap, excluding BTC, to do this too.
Conclusion: Major time frame still looks very bullish. This is just a small correction from yesterday's pump. This is definitely not over yet and of course, this provides no financial advice.
Have a nice day everyone.
Cheers!
FLMUSDT (FLAMINGO) - POTENTIAL BUY ENTRY ANALYSIS 🔎
- FLMUSDT brokeout above the double bottom neckline resistance.
- Price hit a swing high and retraced.
- Price retested the neckline resistance (flip horizontal support)and key fibonacci retracement zone (0.5 - 0.618 - 0.786).
- There was a relatively high concentration of buyers at the retest zone (High buying pressure).
- The retracement is resisted by the descending trendline resistance ( DTR ).
- A brokeout above the descending trendline resistance (DTR) could be seen as a bullish signal.
BUY ENTRY ⬆️
- Breakout above the descending trendline resistance (DTR) and horizontal resistance level (R1).
TARGETS 🎯
- Horizontal resistance level (R2).
- Horizontal resistance level (R3).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the 0.786 fibonacci retracement level (S1).