Flamingo (FLM) Moving Above EMA10, 50% & 165% Targets!

What Is Flamingo (FLM)?

Flamingo is a decentralized finance (DeFi) platform based on the Neo blockchain and the Poly Network interoperability protocol. It combines several DeFi applications into a single ecosystem: a cross-blockchain asset gateway (wrapper), an on-blockchain liquidity pool (swap), a blockchain asset vault, a perpetual contract trading platform (perp) and a decentralized governance organization (DAO).

Different components of the Flamingo network are planned to be launched in several phases:

Token wrapper for Bitcoin, Ethereum, USDT, Neo, Ontology and others: September 23, 2020
Swap and LP token staking: September 30, 2020
Phase 3 vault launch and stablecoin issuance: October 28, 2020
Perp launch: November 25, 2020
DAO launch: December 23, 2020

Source: Coinmarketcap

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We have a new uptrend forming here and prices moving now above EMA10.

The RSI is trending up and the MACD starting to curve.

These are EARLY bullish signals.

They become active upon confirmation.

The confirmation comes in as the trading volume grows and prices close above EMA10, EMA21, and EMA50.

That's how the higher targets can be achieved.

Namaste.