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.
FLR
$FLR has bottomedLook where that candle stopped and support hit
Now is time that this long awaited project will start moving upward. 4x short term. I recently added to what I received as an airdrop.
Price will move up from hitting midline of the Gloussian channel and the stochastic RSI states the bottom is in!
Flare may about to make a reversal.Flare has been trapped in a seemingly endless downtrend for quite some time. Flare does however have great technology that could utilized in the coming fourth industrial revolution, and should not be underestimated.
Flare $FLR I found this project too early, even before the 99% dump because of the airdrop to XRP holders.
this one
Now the project is still in the top 100.
Lately I noticed that this token started to be added to futures exchanges, someone wants to earn not just 2x but x2*leverage.
Just my observation.
Anyway, I'm adding this token to my portfolio
Best regards EXCAVO
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! **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
Flare Network #FLR ideaWhat 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.
FLR gonna pop soon or roll off the table? 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
Flare hitting another pennant!Seeing lots of compression and selling pressure. Looking for breakouts and then rockets.
Flare Network #FLR tokenWhat 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.
Flare price drama #FLRFlare network may no longer develpe F-Assest they will leave that to possible 3rd parties that maybe could do it.
FLARE could get interesting.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.
$SGB Trend possibility ( Bull )after a long year of consolidation, $SGB looking to break out of descending channel. May take longer than chart expects.
Songbird Network #SGB Songbird is the canary network for Flare, the blockchain built for universal connectivity. The first new blockchain interoperability primitive, Flare's State Connector, brings better bridging, full cross-chain composability and seamless decentralized integration with Web2 data. It allows Flare to come to consensus on external data, making it possible to trustlessly acquire and use information from both on- and off-chain sources, solving the oracle problem and opening the door to a new era of utility. Fast, decentralized and fully-insured bridges can connect smart contract chains multilaterally, unifying rather than fragmenting liquidity. Non-smart contract assets such as BTC, XRP and DOGE can be brought on to Flare, and put to work earning yield in DeFi. Decentralized applications can use the value, liquidity and information of multiple blockchains and seamlessly connect to Web2 data, all via a single deployment on Flare. Flare is a uniting force for blockchain, scaling Web3 for the next generation with native interoperability protocols that are high throughput, low fee and low carbon. Connect everything.
FLR ShortFLR Short. TPs and SL on the chart. This is Flour, tied to wheat prices. USA is allowing fertilizer imports from Russia again.
AVAX Remains BullishAmazing FA on this one. ETH Killer Narrative, blessing of Zhu Su, FLR will use it for consensus. If structure holds this one will fly.
BUY $FLR - NRPicks Jul 05Fluor Corp. operates as a holding company. The firm engages in the provision of engineering, procurement, construction, fabrication and modularization, operations, maintenance and asset integrity, as well as project management services, on a global basis. It operates through the following segments: Energy & Chemicals, Mining & Industrial, Infrastructure & Power, Diversified Services and Government. The Energy & Chemicals segment focuses on opportunities in the upstream, midstream, downstream, chemical, petrochemical, offshore and onshore oil and gas production, liquefied natural gas and pipeline markets. The Mining & Industrial segment provides design, engineering, procurement, construction and project management services to the mining and metals, transportation, life sciences, advanced manufacturing and technologies sectors. The Infrastructure & Power segment provides design, engineering procurement, construction and project management services to the infrastructure sector. The Diversified Services segment provides asset services, asset integrity services, equipment solutions and staffing services. The Government segment provides engineering, construction, logistics, base and facilities operations and maintenance, contingency response and environmental and nuclear services to the U.S. government and governments abroad. The company was founded by John Simon Flour, Sr. in 1912 and is headquartered in Irving, TX.
FLARE SPARK IOU POTENTIAL TREND CHANGEIt has been quite some time since we have seen green from the Spark IOU token. I was starting to think everyone had forgotten about it. I think we can start to see some positive price action in the next few days/weeks ahead.
$FLR $XFLR At Strong Support Look For ReversalThe #SPARK IOU token is at trendline support on #BITRUE and #POLONIEX both have been holding strong after a healthy retracement. Look for buying to increase as the FLARE NETWORK team is due to launch the MAINNET any day now. Which will signal the 30 day countdown to the FLARE FINANCE $DFLR AIRDROP. This quite possibly is a #crypto game changer for this entire space. Not financial advice but I am holding a large chunk of skin in this game.
FLR FLUOR TRADE IDEA LONG TERMFrom a long term perspective:
Scenario 1
the first impulse movement may be completed with the top around 25 which matches well with fibo levels
the second wave shall be in progress and may correct up to 38,2% - 23,6%, means around 11-12 USD
therefore a good entry point would be around 13USD
Scenario 2
the first impulse is not completed, we are in the wave IV so a smaller correction is foreseen about 61,8% means 16-17 USD
first long term target 38 USD
