Flare broke out of the symmetrical triangle. Looking at the oscillators, it is obvious it is extremely oversold! I suspect it will rebound back up with force. If you look at the symmetrical triangle you can see we were getting ready for a squeeze, so I think this next move up will be very aggressive. IMO of course.
FLR exhibits a bullish technical setup with a higher low and strong bullish divergence on the chart. It’s currently testing support at the .618 Fibonacci retracement level on the larger time frames, suggesting a potential bottom formation. With these favorable indicators in place, I anticipate a strong upswing towards the 1.618 Fibonacci level as a potential...
Here is where I think we go over the next week (IMO of course). I see a continued uptrend. Very bullish. Snapshots are also being taken now for the March airdrop. I believe this will increase volume. Yesterday, we broke out of the symmetrical triangle, and closed the 4 hour slightly above it. Im really liking what I see!
Flare has some work to do, but there not a lot of time to do it. We are trading in a symmetrical triangle. We have formed strong support. The chart should do well in explaining my thoughts. Remember, this is just my opinion. Good luck!
BULLISH, but with Caution.
Looking like some slight upward pressure might be getting stronger, but I'm still not ruling out this rolling off the table to 0.028
It seems that the XRP community feels that Flare used us to get ahead. It's part of the business and while many people are hating on the token they're ignoring the tremendous buy-in opportunity this is. Another Token -98% from ATH and retail seems to be getting excited about crypto again. I'm sure that when the XRP trial comes to an end, all these cheaper tokens...
What is Flare (FLR)?
Flare is an EVM-based Layer 1 blockchain designed to allow developers to build applications that are interoperable with blockchains and the internet. By providing decentralized access to high-integrity data, Flare enables new use cases and monetisation models.
IMO, anything thing prior to the Flare airdrop (including the major selloff) is nonexistent to me. I am looking at the current progress and all I see is massive consolidation. Basically, in my mind the IOU trading period doesn't count. I have been filling my bags and staking. I am not sure about a timeline, but I feel confident this price won't last long!
You may find the info about Flare Network in Internet.
Yesterday airdropped 15% (although, with a 2-years delay), to eligible addresses based on the XRP snapshot in Dec 2020.
Initially the project aimed at smart contracts for XRP, over this time functionality has been substantially expanded beyond the initial idea.
Price is at the bottom. Every drop is an...
It's impossible to know where FLR is going, as there hasn't been enough time to really establish a base to apply strategy and prediction to. However, things look to be getting interesting.
LOL As it ALWAYS happens - a token launch and it's followed by a HUGE dump. This opportunity cant is passed and I had to buy the "bottom". After 2 years of waiting for the freaking airdrop and its worth garbaggio. LETS go Flare!
