FLMUSDT trade ideas
FLMUSDTNote: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
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Somebody requested for a TA on coin.
Here is the Elliot Wave Counts:
I don't know how many bag holders waiting to sell their coins at a break even. Seems like 1.618 Fibonacci makes sense as a Target Price.
1D
RSI, Stoch RSI & MACD says that sellers is in control due to this Bearish Divergence but the general trend still on the upside. Let's see if EMA 9 & EMA 21 to hold as support.
Potential buying opportunity is at:
EMA 9; and
EMA 21 in confluence with 0.618 Fibonacci at $ 0.7921
4HR
A very clear Bearish Divergence is in 4 HR. Potential Target price for Shorts is at SMMA 60 or $ 0.7921 or at $ 0.80
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Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
Flamingo: 20% Reaccumulation ZoneFLM has entered a reaccumulation zone after a very steep markup, and it doesn't seem like the Flamingo will be distributing supply anytime soon. Get in and out for a quick 20% with this chart. Note: I am not a financial advisor. Trade my charts at your own risk.
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1. Filecoin: 31.92% in 14 days
2. Kyber Network: 12.09% in 7 days
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4. Ravencoin: 78.55% in 11 days
5. NMR: 19% in 2 days
6. Elastos: 178% in 15 days
7. Qtum: 66.84% in 24 days
8. Filecoin: 24% in 5 days
9. AION: 22.83% in 2 days
FLM/USDT - possible variantsHi! Today I would like to introduce you another pair FLM/USDT. Yesterday we noticed a renewal of the previous top price, but we couldn’t see further growth. That’s why we have all chances to see the retest of $0.5865 price level. In this case, only two options are possible:
1. To continue the growth, FLM asset needs to fortify its position above $0.5865 price level.
2. If the previous condition is not met, FLM will plummet to $0.4.