Hello to you all. Mars Signals team wishes you high profits at all times.
The price has been able to break its resistance and is trapped in a triangle. We expect it to break the triangle upwards, but we have identified support in the event of a fall
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
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.
FLM has been doing very well lately, will we get a continue of this up trend or does the short term trend suggest a break out to greater price discovery?? who knows but lets find out!!
Would love to hear people comments on this one!
- FLMUSDT brokeout above the double bottom neckline resistance.
- Price hit a swing high and retraced.
- Price retested the neckline resistance (flip horizontal support)and key fibonacci retracement zone (0.5 - 0.618 - 0.786).
- There was a relatively high concentration of buyers at the retest zone (High buying pressure).
- The retracement is resisted...
FLMUSDT is consolidating in an ascending triangle pattern.
Breakout is imminent.
We could see a breakout above the ascending triangle resistance ⬆️ or a breakdown below the ascending triangle support ⬇️.