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Flrusd

Flare breaking up from falling wedge that is also a bullpennantThe shorter dotted purple line is the breakout target for just the falling wedge alone. The much longer dotted purple line is the measured move / breakout target line for the entire pennant. As we can see the price action has treated this longer dotted purple line as exact wick resistance here now as it begins its ascension to the breakout targets which helps tell us that this measured move line is indeed a very valid one. We can also see an impending golden cross just around the corner for flare as well at which point I expect it to get the same bullish impulse most of the alt market has been getting after their golden cross happens. If we hit the full breakout target of the entire pennant, that will take price action above a double bottom neckline as well which wll then lead to the opportunity for an even bigger breakout target. *not financial advice*
COINBASE:FLRUSD
by DrDovetail
2
Flare has 1 daily candle close above the invh&s neckline. Fairly big candle that closed above the neckline too and the bigger the candle the higher the probability that it can flip that neckline to support. However we all know how often price action will fallback below an invh&s neckline before the real breakout occurs, so for now there is no confirmation or validation that flare has broken up from this pattern just yet. We should know within the next 2-3 daily candles if its gonna breakout now or if its gonna go back under the neckline though if I had to guesstimate. Should it validate the breakout here, the breakout target is around .37 cents. *not financial advice*
COINBASE:FLRUSD
by DrDovetail
11
FLR/USDT assessing resistance and trendline?🚀FLR Today AnalysiS💎 Paradisers, take a moment to observe #FLRUSDT as it embarks on an interesting journey. Currently, the price is testing an ascending trendline and facing a crucial resistance at $0.03848. A breakthrough above this level could launch a significant bullish campaign to overcome even tougher resistance. 💎 On the flip side, if NYSE:FLR struggles to surpass this resistance, it's time for a strategic pivot. As astute traders, we're anticipating a bullish recovery from the lower support at $0.03473, including a Fair Value Gap (FVG) level. Given that liquidity has been tapped below this point, a bullish reversal seems highly probable. 💎 Falling beneath this additional support level could indicate a shift towards a more defined bearish trend, marked by increased selling pressure. Staying vigilant and adaptable is crucial as we navigate the evolving #FLR market dynamics.
Long
by MyCryptoParadise
3
FLR/USDT Major trend. Downward channel. 21 10 2023Main trend. Time frame 3 days. Due to airdrop and the general trend of alts movement, the trend is pronounced downward. The price is moving in a descending channel. With a high probability in the near future may occur after a significant drop in price corrective movement to it, so as not to spoil the logic of the channel for the market maker. The percentages have shown. It is worth noting that locally can be formed as before candle “hammer” (bullish signal). Line chart. Local trading situation at the moment . Time frame 1 day. You should always have a $ reserve of 30% of your position in case the Corona-dump 2020 fractal occurs.
Long
by SpartaBTC
2
FLARE has now set the boundaries for a potential cup & handle.I posted a previous chart that surmised a potential cup & handle may be attempting to develop. Now that the recent breakout has pulled back, it has given us the ability to determine the height of the cup, and the pullback will also help us to determine the potential depth of the lower trend line on the handle. The white dashed line is my estimate of the general area I believe it could be. This is a great sign! With the recent bounce we've seen the past 10 days or so, FLARE is now on a lot of people's radar who missed the recent breakout, and are now looking for a potential entry point moving forward. This could give us the volume we need in the coming weeks/months to breakout of the cup & handle pattern, and see even more impressive gains in the near future. Keep in mind it will take time for this handle to fill in, assuming that the cup & handle will continue to form moving forward, but at this point it's looking highly probable. Good luck, and always use a stop loss!
Long
by MetaShackle
1
FLARE looks to be building a cup & handle formation.FLARE (FLR) recently went from being hated by some to quickly being loved by most! Leave it to a crypto doubling in price to change investor sentiment in a positive direction. FLARE (FLR) looks to be in the mid-stage of building a classic cup & handle formation, which we are seeing in a variety of cryptos right now such as HBAR, ALGO, TRU, ONE, REEF, and a few others. Identifying these potential trends can make trading these cryptos much easier by making it possible to identify potential entry and exit points within the trades, as well as predicting the directionality, i.e., long or short. I'm holding a bag of FLARE and will likely continue to hold it for many years to come. Good luck, and always use a stop.
Long
by MetaShackle
Flare looks to be setting a classic bull-trap.Flare has been on a run the past 8 days, but if you look at the chart I've provided you can deduce a great many things. Since Jan 11, 2023, Flare has printed a total 11 challenge highs on the chart. Only one time has it broken the previous high, and that happened on April 11th breaking the previous high set on March 28th, (This area is indicated by the green arrow, and the box on the chart as well as in the stochastic) which basically amounted to a 'nothing burger.' In the stochastic, during that same time frame, we see the only time flare has broken the 41.22 level (indicated by the lower white line) running up to 70.62 (the dotted line) which coincides with green arrow in the chart. (The nothing burger) Right now we are seeing Flare potentially challenge the 41.22 level on the stochastic, while also setting another high in the chart at .01182. (As seen in the lower text box) But at the time of writing this post Flare is shaping a red candle next to the last red arrow. So, from this info we can make a better decision on whether or not now is the time to load the boat on Flare. So before I will buy any Flare, I want to see the following. 1st- I want to see Flare break the .01182 level on the chart, and the 41.22 level on the stochastic. 2nd- I want to see Flare break the upper descending wedge trend line. 3rd- I want to see Flare break the previous high of .01265. What would be a really bad sign is if Flare drops below the .0081 level (the lower dotted line) as it could be a sign that price movement is going to head back down to the lower descending wedge trend line. I hope this helps you make a better decision. Keep in mind, if I do buy Flare it will be for a long-term, multi-year hold, and that entry is mainly what I'm trying to deduce from this data. Happy trading! * For reference. The Moving Average is the 75 Simple M.A. And my Stoch is set to 60/1/3.
F
by MetaShackle
3
FLRUSD Needs this break-out to turn bullish long-term.FLRUSD (Flare) is rising strongly today, supported by its 1D MA50 (blue trend-line). The pattern though since January has been a Bearish Megaphone, and in order for the price to turn bullish long-term, it needs to break above the Lower Highs. We are buying upon a 1D candle close above the Lower Highs and target 0.05300. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:FLRUSDShort
by TradingShot
2