The sky is the limit with this one!
This chart reads 'buy me' and so I have... Relatively new and full of potential, big money locked in Liquidity Pools and this protocol is as easy to use as any of the Ethereum Defi options with Neoline attached to your Google Browser!
Trade only with what you can afford, don't trade with debt and take profits.
If you want to do trade in the symmetrical triangle then use your stop losses because it can break it downward and manage your risks.
If the breakout is done on upper side we can see nice entry for long
whitout looking to far targets,
it will give a 500% profit if only reach to last all time high traded price (4.5) in binance.
and i think we should expect very higher prices after FLM brake that line
Keep in profits.
As with all the other crypto pairs, we have seen a big bullish leg followed by a correction which we are in right now. We could possibly be in an ABC bullish correction now with the end of wave C aligning with the bottom of the flag and the Daily MA. Will wait to see if price reacts there and look for buying pressure.
We are currently in a bullish parallel channel where there's a high probability of price breaking up the channel for another massive move up!
The third touch of the channel has double confluences:
- 78.6% fibonacci level
- Channel Support
The next move is going to be a big one!