For those who are unfamiliar Flare Networks (Flare.xyz is their website) is launching +/- two weeks from then end of June.
Flare is bring a trustless way to issue assets on the XRPL and is enabling smart contracts for non-turing complete blockchains!
From their launch, they are integrating XRP, LTC, XLM and DOGE. Many don't realize how huge this will be for the supported blockchains!
The possibilities with smart contracts are endless and there are already a whole suite of products being built on Flares Coston Test Net. Some applications that are expected to launch shortly after the main net goes live revolve around DeFI and NFTs (two of the hottest blockchain applications this year).
XRP had it's Golden Cross back in December and has maintained it's bullish moment ever since!
Looks to me that we are going to be maintaining this bullish momentum for a while as long as this trendline continues to hold!
Wicks into the trendline on the weekly are expected but, as long as the weekly candles close above I will remain bullish.
Not only are the weekly candle closes maintaining this trendline but, the RSI is also maintaining it's own bullish trendline.
Although the MACD is in the red for these past few weeks, I expect a turn around in the next week or so and bring in some strong bullish divergence!
My short term targets are ~$3.50-$5.50 within the next month assuming we maintain the current trajectory.
I don’t think you quite grasp the meaning of the term “parabolic”. You should probably look it up before you use it.
cryptofightnight
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@topswattashawn zoom out and you’ll see the parabolic move I’m talking about..
alwaysanotherday
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I won't bet my money on that and the current trajectory is down.
dkjr59zpc8
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Will those recently added assets to the flare network be included with this idea?
ChupapiMunanyo
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When in the exact date of its launch?
cryptofightnight
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@ChupapiMunanyo, There is no exact date for the launch set just yet. They have publicly said on their socials that they will be launching +/- 2 weeks from the end of June!
VIDAL01MX
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"I DON'T KNOW RICK" ... I DON'T SEE THE VOLUME ANYWHERE