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cryptologyy
Oct 4, 2020 5:28 PM

[FLMUSDT] Almost time for a recovery Long

FLM / TetherUSBinance

Description

We're reaching the end of a falling wedge since its listing on Binance.
We need to consolidate more on the current 3400 area to set it as main support.
RSI is oversold, candles hit Bollinger's lower band which means we can expect a reversal situation pretty soon.
Nothing special to see yet on MACD in my opinion.

This is not an investment advice, just sharing my thoughts.
Good luck!

Comment

Even though it dropped down to 3100ish area, falling wedge pattern is still formed and not broken. It seems to be a good entry zone at the moment.
Comments
Cryptodass
While its being given away in the 100's of thousands till November it will continue in its downward trend....
cryptologyy
@Cryptodass, Might be, yes. But it seems like we reached a strong support on 2400 zone
PolarHusk
GoodWork‍🐻‍❄️
cryptologyy
@PolarHusk, thx man!
BeamStreaks
As you Mentioned here already I'm not giving any targets in my chart. Good Luck Pal...
cryptologyy
@BeamStreaks, thx ! :) you too
blackriver85
hope this happens
cryptologyy
@blackriver85, well done! :)
Saeed966
Good job
cryptologyy
@Saeed966, Thank you!
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