FLM flamingo is ready move up now?Next target prediction.Hello Traders
Lets start with short term analysis(4hr frame chart in focus)
Price action is way above EMA 100 & 200 levels and currently broke above both EMA 10 & EMA 20 level with steady high volume. Expotential moving average is usually great indicator at this point. Mcad(10,26,9) seem in neutral zone and bottom line already crossed the upper line on feb 17. So this could mean that we are ready to move up( this is usually great indicator but in this particular case is so close to mid line so it is not as reliable at this moment). Rsi is currently at neutral 50 zone. neither good or bad. We are also in the mid range of the Bollinger band.
For the med to longer range trend (1d chart in focus)
It is literally above all the moving averages. This is powerful sign! MACD is in strong positive zone also hinting that local correction might have been completed or about to be completed. Close to top range of of enlarged Bollinger bands and currently could expand further with a given strong upper side movement. Also very strong sign. Rsi sitting at 66 points strong confident zone. Most indicators favors upper side movement at this point.
Given both short and long term indicator agrees with If $0.65 can be taken out, reaching $0.8-$1 range is possible. But this is also depends of Btc as well. If Btc crashes , this idea is not valid. And timeline is only estimate. Actual timeline could be shorter or longer.
** This is not an investment idea. Only trying to pass my vast trading experience on cryptos to newcomers and less experienced traders. My predictions based on calculated reward Risk ratios. I can not be right all the time. So far I have very high percentage of success of predicting. Once you click buy button you are doing it with your own will. Nobody can force you to buy and sell but yourself. Please comment below and click like button to support my efforts.
