- Flamingo price is trading inside a descending triangle pattern over the daily chart.
- The crypto asset has recovered till 20 SMA and is trying for the remaining bullish hurdles like 50, 100, and 200-days Daily Moving Average.
- The pair of FLM/BTC is at 0.000004967 BTC with an intraday gain of 10.39%.
Flamingo price is trading with strong uptrend momentum inside the descending triangle pattern over the daily chart. The token looks determined to register its breakout. However, you will get to know some interesting levels that you should keep in mind throughout the intraday trading session. FLM coin is trying to recover and is pretty determined to escape the pattern. Meanwhile, looking upon the volume change that has increased notably in the intraday trading session. This shows the attention of buyers being attracted by FLM for a bullish rally.
Flamingo price is presently CMP at $0.19 and has gained 8.27% of its market capitalization in the last 24-hour period. Trading volume has massively increased by 127.28% in the intraday trading session. This shows that FLM bulls are accumulating themselves to move upwards to the higher level. However, the first level of hurdles which is to be remembered by FLM investors is at $23.00. FLM coin is trying to break out of the $20.00 psychological barrier and if it succeeds then the token may rally till $23.00 primary resistance level.
FLM coin price got trapped inside a descending triangle pattern and the token is in strong uptrend momentum. Although, FLM bulls are still trying to sustain at the $20.00 psychological barrier. FLM must break out of the $20.00 level then FLM investors may witness a rally till $23.00 in the intraday trading session. Volume change can be seen growing above average signifying the uptrend momentum of FLM.
The second and prior level which should be pointed out by the investors is $0.21 as the token currently struggles to break the 24-hour high of $0.1930. So it may be concluded that FLM bulls must accumulate their force with peer buying of the asset to break out of the $20.00 psychological level and sustain above $21.00 in the intraday trading session.
Is Flamingo Prepared to Fly or Stay in Pen?
Flamingo price is trading inside a descending triangle pattern over the daily chart. The token must maintain the steady uptrend momentum to register its breakout. However, the token falters to break the $20.00 psychological barrier.
Technical Indicators suggest that the token is about to experience a breakout.
Relative Strength Index showcases that the token is moving upwards from neutrality. MACD exhibits that the MACD lien is heading towards the signale line for a positive crossover.
Conclusion
Flamingo price is trading with strong uptrend momentum inside the descending triangle pattern over the daily chart. The token looks determined to register its breakout. FLM must break out of the $20.00 level then FLM investors may witness a rally till $23.00 in the intraday trading session. The second and prior level which should be pointed out by the investors is $0.21 as the token currently struggles to break the 24-hour high of $0.1930.
Technical Levels
Support Levels: $0.16 and $0.10
Resistance Levels: $0.21 and $0.23
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.