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FLUX / TetherUS

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FLUXUSDT trade ideas

#FLUX/USDT#FLUX The price is moving within a bearish channel pattern on the 4-hour frame, which is a strong retracement pattern We have a bounce from a major support area in green at 0.4850 We have a tendency to stabilize above the Moving Average 100 We have a downtrend on the RSI indicator that supports the rise and gives greater momentum, upon which the price is based higher at the discount Entry price is 0.5250 The first target is 0.6118 The second goal is 0.6971 The third goal is 0.7954
Long
by CryptoAnalystSignal
FLUXUSDT.1DIn this technical analysis of the FLUX/USDT 4-hour chart on Binance, we'll explore the significant technical aspects that are currently shaping the market dynamics of FLUX. Price Action and Support/Resistance Levels The chart shows FLUX trading at approximately $0.7379, with a significant downtrend visible, marking a 10.77% decline in the last recorded session. Key resistance levels are indicated at $1.0816 (R1) and $1.2427 (R2), while support levels are set at $0.6595 (S1) and $0.4893 (S2). These levels suggest potential areas where price movements could stall or reverse. Technical Indicators MACD (Moving Average Convergence Divergence): The MACD line is currently below the signal line, and the histogram reflects negative values, both of which indicate bearish momentum. The increasing distance between the MACD line and the signal line suggests that the bearish momentum is strengthening. Historical Volatility: While not explicitly shown, the wide price fluctuations suggest high volatility, typical of lower-cap cryptocurrencies like FLUX. This volatility can lead to rapid price changes, affecting trading strategies. Market Sentiment The recent sharp decline and the position of the price relative to the support and resistance levels imply a bearish sentiment in the market. The trading volume, though not visible in this snapshot, would provide additional insights into market conviction. Conclusion The current market setup for FLUX suggests a bearish outlook, as indicated by the technical indicators and the recent price action. The price is approaching the first support level (S1), and how it reacts to this level could be crucial. A break below S1 could see FLUX testing the lower support at S2. Conversely, if S1 holds, there might be a potential rebound towards R1. Traders should monitor these levels closely for signs of a reversal or continuation of the current trend. As always, considering the inherent volatility in such assets, risk management strategies such as stop losses should be employed to protect investments.
by MarsSignals
FLUXFlux is a decentralized Web3 cloud infrastructure comprised of user-operated, scalable and globally distributed computational nodes. Flux is the cryptocurrency that powers the Flux ecosystem. It has a number of uses, including purchasing resources, collateralizing nodes and fueling transactions on FluxOS, as well as rewarding both miners and FluxNode operators for providing computational resources. Anyway, it is clear that Flux has some potential. Flux start was great, rising almost 3000%. Then Flux went into correction, which was timely, and ended at 0.618 Fib retracement level. Also, Flux's correction unfolded in a descending triangle pattern. When Flux broke this triangle upward, that was the confirmation for the next upward phase. It seems Flux is going toward the ATH. Let's see if Flux can break it or not.
Long
by SaeedSalehinia
#FLUX/USDT#FLUX The price is moving in a bearish channel pattern on the 4-hour frame and sticking to it well The price rebounded well from the lower border of the channel at the green support level of 0.800 We have a tendency to stabilize above the Moving Average 100 We have oversold resistance on the RSI indicator to support the rise, with a downtrend about to break higher Entry price is 0.9000 The first goal is 1.030 The second target is 1.0900 The third goal is 1.170
Long
by CryptoAnalystSignal
FLUX/USDT upward momentum from demand ?👀🚀FLUX Today analysis💎Paradisers, fasten your seatbelts for an exhilarating journey with #FLUXUSDT! The cryptocurrency charts a bullish course, springing forth from a critical demand level at $0.8544. This level serves as a launching pad for a robust leap into bullish territory. 💎 A remarkable development is its escape from a descending trendline, propelling #FLUX on an optimistic trajectory. If the price successfully maintains momentum at this current demand level of $0.8544, we can anticipate a strong bullish move targeting the MTF resistance at $1.1683. 💎 However, let’s remain vigilant. Should NASDAQ:FLUX encounter obstacles and struggle to maintain its stride, a bullish effort from the $0.7262 MTF support level may come into play. Breaking below this level would trigger a significant downward movement. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise