Flare is an EVM-based layer 1 aiming to make blockchain more useful by giving developers secure decentralized access to high-integrity data from other chains and the internet. Anyway, it is evident that Flare was moving down in a descending triangle pattern. After, FLR broke the descending triangle upward, FLR started an upward wave which now reached the first horizontal resistance area. If FLR break through these areas, further upward movements are possible. Let's see what happens.
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So, FLR couldn't pass through the major horizontal area, tried twice. Then correction started and FLR made a harmonic pattern. Then correction ended when FLR broke the harmonic pattern's right leg and went up. The momentum was so huge that FLR reached the first target quickly. Let's see if FLR can break through the first target horizontal area and go toward the ATH.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.