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 emerges. The divergence is also visible on the USD chart. In addition to the divergence the 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 and current market capital I would not be surprised if we saw a 50x return.
Any questions just leave them below.
My sources of motivation:
Thank you once again!
I'm expecting a continued uptrend until March.
What I can say is I'll update the idea when price action becomes overbought. I expect 1800 sats without a problem given the current formation. As for time, I'm expecting many alt-coins to become overbought between mid-March to Mid-April.
The market will always give you time.