#Flare
is about to do what
#XRP
just did. Textbook Wyckoff Accumulation here for $FLR. My chart shows
#Flare
at SOS Phase in early August, but it could show itself sooner.
I spy a completed crashing structure on
#Flare
.
Wave 7 just took out Wave 5 for the final excess, right around where "Spring" phase could finish up.
Could it be that a ton of $FLR investors just sold the literal bottom?
#Flare
is getting close to finishing "Spring" phase. The next phase is SOS (Sign of Strength), where $FLR will test the upper boundary of the Wyckoff Accumulation structure and then finally break through to the upside.
#Flare
is about to do what
#XRP
just did. Textbook Wyckoff Accumulation here for $FLR. My chart shows
#Flare
at SOS Phase in early August, but it could show itself sooner.
When I see people complaining about the price of
#Flare
going down, I get a little extra bullish on $FLR
Buy the fear, sell the greed.
If you're selling now, you're doing it wrong.
A fibonacci extension on
#Flare
has the top extension at $.266 USD on the Bitrue chart, which also happens to be a major resistance level from the $FLR IOU days.
Would
#FLR
at 26 cents be life changing for you?
Massive V-Bottom for
#Flare
! Up over 16% today and up over 30% since it hit the lows. $FLR is a top performer in alts right now, showing intense recovery.
#Flare
and
#Songbird
both exceeded a 500% ROI when the majority of altcoins started pumping in late 2023 through March 2024.
The average return across the altcoin market was a 150% gain. $FLR and $SGB performed about 70% better than the average altcoin in that time period.
#Songbird
's monthly RSI is still RED. $SGB is oversold and has been since the beginning of 2023. Don't forget that
#FAssets
are to be launched first on
#Songbird
soon. Let that birdie fly...
#Flare
is on the bottom of the weekly Donchian Channel (at the bearish extreme) AND on top of the 50-Day Moving Average (horizontal light blue line) as support.
I really think the bottom is in for $FLR...
I've been loading up. Have you??
The Money Flow Index indicator on the daily
#Flare
chart is showing a second bullish divergence
The first bullish divergence on the MFI resulted in a 583% pump for $FLR
#Flare
has had a solid bounce up off of the major support level at $.019 as well as the ascending trendline on the daily RSI. $FLR is looking strong here.
A moving average Golden Cross on the weekly
#Songbird
chart appears possible in sometime early/mid August
$SGB has held this support level with
#FAssets
incoming
I think there's not much time until this birdie flies... a long-awaited event for early
#FlareNetworks
participants
#Flare
compared to 2018-2019
#Bitcoin
bear market
It's the same fractal.
It isn't a coincidence that everyone finally flipped bearish now on $FLR. Extreme fear marks bottoms.
The weekly Aroon indicator on
#Flare
is hinting that bullish momentum is close. Aroon Down (blue) is high/about to fall, while Aroon Up (orange) is low/about to rise.
The bottom chart is an example of what I think is possible for $FLR in the near future.
The weekly Supertrend indicator on
#Songbird
flipped GREEN around the start of 2024.
The Supertrend is currently flat and serving as a support level for $SGB 😎
#Flare
's weekly Stochastic RSI has been oversold for 91 days; 2 weeks shorter than when $FLR became overbought in late 23'/early 24'.
Time-wise,
#Flare
looks like it is almost ready to start making a move up.
#Flare
is in a mini market cycle.
You can see Euphoria in red, Panic in blue, stagnation before Anger in yellow, and then finally Anger in green.
Right now is when dumb money capitulates and sells.
$FLR is also on top of a critical support level right now.
#Flare
$FLR just backtested the range as support. The structure starting from March 2024 looks like a mini 4 year crypto cycle with the blowoff top, retracement, and now accumulation.
#Songbird
's RSI is extremely oversold on the monthly chart.
When I see red on the RSI, that's when I buy.
I truly believe $SGB will shock everyone 📈
#FAssets
anyone?
The same amount of time has passed when comparing this recent correction to
#Flare
's first correction that was in the second half of 2023
If
#FLR
was to do a similar pump, we could see almost $0.15 USD on the next move up
#Flare
is trading on the bottom Bollinger Band, indicating $FLR is oversold at the current price. The Bollinger Bands are "Squeezing" indicating incoming volatility.
The BB Width is showing
#Flare
as completely oversold, suggesting that the volatility will be to the upside.
#Flare
just went through the "CREEK" phase and is now in "SPRING" phase of Wyckoff Accumulation Schematic
#1
$FLR is now about to enter into expansion 📈
I'll start including
#Songbird
$SGB TA due to recent requests.
$SGB's weekly Stochastic RSI is turning up from an oversold level 👀 right before
#FAssets
are about to be launched on the canary network for
#Flare
$FLR
I know I mainly post charts about
#Flare
on here, but I truly am very excited about the building that's going on with
#FlareNetworks
Really some amazing things happening
$FLR is going to change the crypto landscape
#ConnectEverything
#Flare
is getting close to finishing "Spring" phase. The next phase is SOS (Sign of Strength), where $FLR will test the upper boundary of the Wyckoff Accumulation structure and then finally break through to the upside.
A lot of buy volume came in during the past 12 hours for
#Flare
. Whenever we see buy volume surpass sell volume, like we see here on $FLR, it could help signal a trend reversal.
The Chop Zone indicator on the weekly
#Flare
$FLR chart has turned solid RED. The red color indicates that an asset has bottomed
#Bitcoin
$BTC weekly chart with Chop Zone shown for reference 👇🏼
Completed crashing structure (from
@BCBacker
) on
#Flare
$FLR
1, 2, 3, 4, 5; wave 6 up into wave 4; and then the final excessive wave 7 to finish it off
Wyckoff Accumulation still in play for
#Flare
. Still finishing up "Spring" phase and about to enter into Sign of Strength (SOS) phase. $FLR has now set a higher low.
#Flare
is currently on an important support level (orange line). If $FLR were to break below this level, the next support is at around $.0196 (blue line).
Hopefully, we just hold where we are at now.
#Flare
is steadily working its way up out of "SPRING" phase and now at a solid resistance level at around $.027 USD.
Let's see if $FLR can break through this week...
#Flare
is currently on an important support level (orange line). If $FLR were to break below this level, the next support is at around $.0196 (blue line).
Hopefully, we just hold where we are at now.
#Flare
just went through the "CREEK" phase and is now in "SPRING" phase of Wyckoff Accumulation Schematic
#1
$FLR is now about to enter into expansion 📈
The Mass Index indicator on the weekly
#Flare
chart is near the lows of when $FLR was at its cheapest price in late 2023
Traders use the Mass Index indicator to enter trades before momentum increases to the upside
Seems like now is an optimal time to place a bet on
#FLR
I think
#Flare
will move to the downside but still holds the "Spring" level as support, and then we start moving our way into expansion. Obviously, we want to see this type of behavior throughout the crypto market and not just in $FLR
#Flare
is trading on the bottom Bollinger Band, indicating $FLR is oversold at the current price. The Bollinger Bands are "Squeezing" indicating incoming volatility.
The BB Width is showing
#Flare
as completely oversold, suggesting that the volatility will be to the upside.
Unfortunately, it's looking like more downside to come for
#Flare
. $FLR is at a major resistance level, and I don't think it will be able to break through...
If
#Flare
can not hold itself here, I can see $FLR going down to the next support level at $.01355.
If this happens, the Wyckoff Accumulation Schematic, which had so far been following perfectly since the beginning of July, would no longer be in play.
#Flare
doesn't show the RSI on the monthly chart because of its relatively recent launch date.
But $FLR's RSI is looking good on the weekly chart. We are in bullish territory as long as the RSI stays above the 40 level.
The OBV (On Balance Volume) indicator on
#Flare
's weekly chart is holding up really well compared to the actual price chart
This shows that there is some really solid accumulation/positive volume going on for $FLR while we've endured this correction
If
#Flare
can not hold itself here, I can see $FLR going down to the next support level at $.01355.
If this happens, the Wyckoff Accumulation Schematic, which had so far been following perfectly since the beginning of July, would no longer be in play.
A fibonacci extension on
#Songbird
shows the top extension at around $.0568 USD
Very interesting as this was around the price $SGB was initially launched at and was an important support level in early 2022
Massive hidden bullish divergence for the Accumulation/Distribution indicator on the daily
#Flare
$FLR chart with accumulation increasing significantly since May of 2023
In this recent capitulation event,
#Flare
broke below the descending wedge, just like in 2023. The Stochastic RSI in both cases reset completely to the 0 level. You can see how $FLR behaved after the 2023 wedge was completed.