Does Flare (FLR) Has The Capacity To Turn Bullish? Let's Find it
On observing the chart of FLR, the price has been seamlessly inching towards the deciding support level of around $0.01600. It is further pushed by the dynamic trendline resistance and dynamic bands of 50-day and 200-day, which acting as a barrier. In the same familiar situation after the diagnosis, the indicators MACD and RSI are displayed in their vicinity.
But there lies a slim chance of bulls taking a dominant reversal, which could be from the support of $0.01600 because the RSI has reached its oversold limit of 30 and has breached extreme oversold territory.
Judging from the current price structure and its character, the RSI reaching between the 25-20 oversold conditions would take the price to land at $0.01600. Thus, a solid technical intuition from here lies that a significant parabolic movement could pop out based on buyers' intent.
So buyers must wait before entering any trades and should do intense research (DYOR).
But there lies a slim chance of bulls taking a dominant reversal, which could be from the support of $0.01600 because the RSI has reached its oversold limit of 30 and has breached extreme oversold territory.
Judging from the current price structure and its character, the RSI reaching between the 25-20 oversold conditions would take the price to land at $0.01600. Thus, a solid technical intuition from here lies that a significant parabolic movement could pop out based on buyers' intent.
So buyers must wait before entering any trades and should do intense research (DYOR).
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