Flamingo / BTC - Bullish divergence + volume
Updated
Antshares all over again?
Do you remember Antshares in 2016 that was later renamed as Neo? Flamingo feels like Déjà vu all over again. It is a decentralised finance (DeFi) platform based on the Neo blockchain. Furthermore the founder of Flamingo co-founded Neo. Stumbled upon this alt-coin for no other reason than the interesting TA whilst scanning through the alts, so don’t worry this is not an attempt to beguile you with fundamentals.
Following two oversold conditions on the above 1-day chart there now exists an ‘incredible buy’ opportunity as a regular bullish divergence emerges. The divergence is also visible on the USD chart. In addition to the divergence the volume during the consolidation period over the past two months is unusually high for a project of this market capital (<24m). Someone or group knows something I don't.
Target? I’ve no idea - there’s no history to work with. However given the volume and current market capital I would not be surprised if we saw a 50x return.
Any questions just leave them below.
Do you remember Antshares in 2016 that was later renamed as Neo? Flamingo feels like Déjà vu all over again. It is a decentralised finance (DeFi) platform based on the Neo blockchain. Furthermore the founder of Flamingo co-founded Neo. Stumbled upon this alt-coin for no other reason than the interesting TA whilst scanning through the alts, so don’t worry this is not an attempt to beguile you with fundamentals.
Following two oversold conditions on the above 1-day chart there now exists an ‘incredible buy’ opportunity as a regular bullish divergence emerges. The divergence is also visible on the USD chart. In addition to the divergence the volume during the consolidation period over the past two months is unusually high for a project of this market capital (<24m). Someone or group knows something I don't.
Target? I’ve no idea - there’s no history to work with. However given the volume and current market capital I would not be surprised if we saw a 50x return.
Any questions just leave them below.
Trade active
Trade active
Strong support on the 21-day following the pullback.Trade active
Easy 40% gain to be had here as price action returns to resistance for the 4th test.Trade active
History repeating
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
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