Binance Launchpool, the new Defi initiative by crypto exchange Binance, announced its third project named Flaming (FLM).
Flaming is an interoperable, full-stack decentralized finance protocol built atop the Neo blockchain network. FLM is the governance token for Flamingo and shall be distributed 100% to the community based on participation. Thus, there’s 0%...
FLM/BTC Cup and Handle
I think it's very bullish in the way with a good Risk Reward Ratio.
No advice, just a hobby for me.
Please like if you think this one is good!
If you have any comments, please let me know.
Hello dear friends. For consideration and the FLM coin paired with BTC.
Forming a cup with a handle, as well as a 35% correction, can provide a good entry point for continued growth.
A good place to buy is 988-1020 sat.
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Yes, from the point of view of risk management, the position is not ideal, but I...
My last idea on FLM matured well enough, you'll see on 4h on this chart that the cup and handle was confirmed, and resistance turned support.
Next resistance is around 0,00001, then around 0,000013.
When 0,000013 is broken and confirmed there is a lot of upside on FLM.
Flamingo is so far the only place where you can stake SWTH apart from dem.exchange....
FLM has seen a minor rise in price these last two weeks as BTC consolidated. Will it continue?
Who knows. We will see it in the charts. I'm staking to get FLM, which is probably the best bet for anyone.
However I have my main bag in $SWTH, which will become a major player when it comes to trading in the coming years, I do believe Flamingo also has its place in DeFi.
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...
1. The beginning of the decline in the level of BTC dominance.
2. Weakening of the growth dynamics of BTC / USD near ATH.
3. General consolidation of altcoins after a downtrend (to BTC ).
4. Inflow and redistribution of new money in the market.
5. General growth trend of the crypto market.
6. Development of DEFI and increase of funds blocked in DEFI...
As we saw FLM broke down on the support-trendline that became a resistance-trendline instead.
Now it broke up, possibly establishing this as a support-trendline again.
If this support trendline holds it's a good probability FLM will break recent resistance-levels in the ascending triangle.
If recent resistance then holds as support it's likely FLM will rise...