FLM - Daily - "Weekly Symmetrical Triangle"

16 giu 2021

Click Here🖱️ and scroll down👇 for the technicals, fundamentals and more behind this trade!!!
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///////👍✋Not financial advice, do your own due diligence ✋👍////////
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➡️Technical Standpoint⬅️
1.) Weekly symmetrical triangle.
2.) Has two T9 supports, putting a firm bottom at 0.40-0.38.
3.) No underlying accumulation spotted at this time.

➡️Fundamental Standpoint⬅️
1.) The founder of Flamingo is Da Hongfei, a Chinese entrepreneur also known for co-founding one of the main competitors of Ethereum: the blockchain network Neo
2.) Not much social activity, assuming they are in building mode.

➡️Current Season⬅️
- Bear season is unofficially dominating our indicators, currently at 7/14 confirmations.
- Something quite interesting to note is that since 4/25, BTC dominance has been regaining control. Personally, wouldn't be going short, bulls have the advantage at this time.

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//////Indicator Legacy/Meaning//////
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✨ Linear Regression Line( LR ): is the green/red worm-like line.
✨ TD Sequential (TDS): tradetrekker.wordpress.com/tdsequential/
✨ Social Activity Indicator(SA):
- Based on trader sentiment. The indicator will provide either a Strong Interest, Neutral/Some Interest, or No Interest signal.
- Lime background = spike in interest.
- Yellow background = drop in interest.
- Fuchsia Circles = Clustering of circles on the lower end of the spectrum means consolidation.

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///🎉🎉🎉Before You Go🎉🎉🎉///
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