Flare’s price has been holding above the .618 fib level for a sustained period of time, which indicates a strong level of support. Additionally, we have seen a bullish confirmation on the 12-hour timeframe, which suggests that the trend is likely to continue upwards. With a lucrative risk to reward ratio, it appears that now is an opportune time to long.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.