FLMBTC trade ideas
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.
FML high return proj, by Binance Launchpool
Binance Launchpool, the new Defi initiative by crypto exchange Binance, announced its third project named Flaming (FLM).
Flaming is an interoperable, full-stack decentralized finance protocol built atop the Neo blockchain network. FLM is the governance token for Flamingo and shall be distributed 100% to the community based on participation. Thus, there’s 0% pre-mining or team reserve.
The Flamingo DeFi protocol has five major components:
Wrapper – a cross-chain asset gateway
Swap – an on-chain liquidity provider
Vault – a one-stop asset manager
Perp – an AMM-based perpetual contract trading platform
DAO – a decentralized governance mechanism
Flamingo’s design looks like a clustered DeFi protocol that integrates the collateral pool in Vault and the liquidity pool in Swap. Neo founder Da Hongfei expressed confidence over the launch of Flamingo protocol and said that it will transform the DeFi ecosystem. Adding to it, Binance CEO and Founder, Changpeng Zhao said:
“Flamingo is delivering optimized user experiences by integrating platforms for improved liquidity, capital efficiency, and reduced investor risk. We are happy to support Flamingo’s aim at becoming a full-stack DeFi protocol and welcome the project to Binance Launchpool”.
Credit to: I got to know it from @SvarogPerun
FLM speculative cup and handleFLM has seen a minor rise in price these last two weeks as BTC consolidated. Will it continue?
Who knows. We will see it in the charts. I'm staking to get FLM, which is probably the best bet for anyone.
However I have my main bag in $SWTH, which will become a major player when it comes to trading in the coming years, I do believe Flamingo also has its place in DeFi.
Crypto|FLM/BTC|LongLong FLM/BTC
1. The beginning of the decline in the level of BTC dominance.
2. Weakening of the growth dynamics of BTC / USD near ATH.
3. General consolidation of altcoins after a downtrend (to BTC ).
4. Inflow and redistribution of new money in the market.
5. General growth trend of the crypto market.
6. Development of DEFI and increase of funds blocked in DEFI protocols.
7. Changes in the dynamics and trend of FLM/BTC since November 5.
Take level 0,0000124.
The risk-stop level is fixed at 0,00000875.
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).
FLM soon to break out Fast chart based on price-action alone, on daily-timeframe.
FLM has since it's conception gone one way and one way only. Downwards.
People were fabling about prices at around 1 bill, others thought 50 mill would be the very minimum (me included).
Now it's valued at around 25 mill.
Trading-volume is about 6,5mill.
it's liquid, and it's a good project.
But I want to mention the team behind the Flamingo-discord-channel; the Switcheo-team.
Switcheo are releasing their decentralized exchange very soon ( we're talking weeks), LP's are secured, they have a FLM-SWTH-pair coming up on Flamingo.
Switcheo is a great project that anyone interested in FLM will have heard about sooner or later. It will be massive, bigger than FLM I think.
Sorry if this is seen as shilling, it is well meant :)
[FLMBTC] FLAMINGOGOFlamingo finally recovering!
November will be a good month for this coin.
Bullish with MACD + RSI oversold for weeks so we can expect some reversal soon + fib levels
Yellow line is the trend resistance we have to break.
Not an investment advice, just sharing my thoughts.
Good luck! :)
FLM/BTC (Bounce at Previous Support?)💎Technical Analysis Summary💎
BINANCE: FLMBTC
-FLM is back at the previous swing low support area
-This is technically bad for the Bulls
-Because the Bears can easily grab the opportunity
-So please be careful trading this market
-Always follow your stop loss
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