FLRUSDT trade ideas
FLRUSDT Potential 36% Increase and ResistancFLRUSDT recently found support at the average-price uptrend trendline, followed by a strong bullish daily candle, signaling potential growing demand. Today, Flare has presented a notable pullback, attracting buyer interest with a promising risk/reward opportunity.
With a stop loss positioned just below recent lows and an upside target at the double Fibonacci resistance, there's potential for a 36% price increase.
FLR Short termI think we see NYSE:FLR take off here soon. One of the projects I am most excited about in 2024 50 EMA about to crossover 200 EMA.
#FAssets for CRYPTOCAP:BTC CRYPTOCAP:XRP & more coming soon... #layercake coming soon. #StakingRewards and delegation rewards providing monthly returns.
@FlareNetworks
could be a powerhouse in coming years. #flarenetwork #Flare #FlareCommunity
FLR/USDT bullish momentum from demand? 👀🚀FLR Today Analysis💎 Paradisers, observe the latest developments in #FLRUSDT, signaling a strong chance for a bullish trajectory from its demand zone.
💎 Recently, #Flare faced a setback at a supply zone but has been effectively adhering to a descending trendline. If it maintains momentum above the key demand level at $0.01598, we're likely to see a strategic climb towards challenging a significant supply zone.
💎 Beyond its market movements, the token's fundamentals are robust – #Flr, being an EVM-based layer 1, aims to revolutionize blockchain utility by providing developers decentralized access to high-integrity data from various chains and the internet, underscoring the project's solid reality.
💎 The dynamic and unpredictable nature of the crypto market necessitates a strategy that's equally fluid and responsive. Should #FLARE encounter resistance in securing its position within this essential demand zone, a swift and well-thought-out strategic shift might become crucial.
💎 In such a scenario, Plan B comes into play, focusing on triggering a bullish run from a lower, yet strategic demand level at $0.01381. This level will be pivotal, as breaching it could potentially indicate the onset of a bearish phase in the #flr market narrative. 🌴💰
Flare Signals Green: Buy Now, Thank Me Later!"## Brief overview of Flare Network
Flare Network is a layer-1 blockchain network that aims to enable interoperability between different blockchains. It is built on the Flare Consensus Protocol, which is a combination of the Ethereum Virtual Machine (EVM) and a delegated proof-of-stake (DPoS) consensus mechanism. This allows Flare Network to support a wide range of decentralized applications (DApps) and tokens, including those from other blockchains such as Bitcoin, Ethereum, and XRP.
## Recent news
* **Flare Network mainnet launched in December 2023.** The mainnet launch was a major milestone for the Flare Network project, as it marked the official arrival of the network and its ability to support live applications.
* **Flare Network introduces F-Assets.** F-Assets are a type of token on Flare Network that represent assets from other blockchains. This allows users to hold and trade assets from different blockchains on the Flare Network, without having to worry about the complexities of cross-chain transactions.
* **Flare Network partners with XRP Ledger to enable interoperability.** The Flare Network has partnered with the XRP Ledger to enable interoperability between the two networks. This means that XRP tokens can be seamlessly transferred to and from the Flare Network, and XRP-based DApps can be deployed on the Flare Network.
## Disclaimer
I am not able to provide financial advice. Please do your own research before making any investment decisions.
$FLR has bottomedLook where that candle stopped and support hit
Now is time that this long awaited project will start moving upward. 4x short term. I recently added to what I received as an airdrop.
Price will move up from hitting midline of the Gloussian channel and the stochastic RSI states the bottom is in!
Flareusdt I m not saying this is the bottom for this coin but ever since launch it has gone nowhere but down lol . Poor guys who bought really high. I think this might be the bottom but they keep flooding the market with airdrops so . Not really know much about this project other than that some xrp holders where given this token for free
Flare $FLR I found this project too early, even before the 99% dump because of the airdrop to XRP holders.
this one
Now the project is still in the top 100.
Lately I noticed that this token started to be added to futures exchanges, someone wants to earn not just 2x but x2*leverage.
Just my observation.
Anyway, I'm adding this token to my portfolio
Best regards EXCAVO
FLRAfter a heavy uptrend, the divergence gave us a bearish signal, my strategy signaled a trade and I entered
Long FLRFlare’s price has been holding above the .618 fib level for a sustained period of time, which indicates a strong level of support. Additionally, we have seen a bullish confirmation on the 12-hour timeframe, which suggests that the trend is likely to continue upwards. With a lucrative risk to reward ratio, it appears that now is an opportune time to long.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
Flare Network #FLR ideaWhat is Flare (FLR)?
Flare is an EVM-based Layer 1 blockchain designed to allow developers to build applications that are interoperable with blockchains and the internet. By providing decentralized access to high-integrity data, Flare enables new use cases and monetisation models.
Way oversold!Flare broke out of the symmetrical triangle. Looking at the oscillators, it is obvious it is extremely oversold! I suspect it will rebound back up with force. If you look at the symmetrical triangle you can see we were getting ready for a squeeze, so I think this next move up will be very aggressive. IMO of course.
Long FLRFLR exhibits a bullish technical setup with a higher low and strong bullish divergence on the chart. It’s currently testing support at the .618 Fibonacci retracement level on the larger time frames, suggesting a potential bottom formation. With these favorable indicators in place, I anticipate a strong upswing towards the 1.618 Fibonacci level as a potential profit-taking zone. This could mark the initiation of a new bullish wave (Wave 3).
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
Continued uptrendHere is where I think we go over the next week (IMO of course). I see a continued uptrend. Very bullish. Snapshots are also being taken now for the March airdrop. I believe this will increase volume. Yesterday, we broke out of the symmetrical triangle, and closed the 4 hour slightly above it. Im really liking what I see!