FLOWUSD broke above the 1D MA50 for the first time in 2 months
FLOWUSD broke yesterday above its 1D MA50 (blue trend-line) for the first time in more that 2 months (since November 08 2022). This is a short-term bullish signal targeting the 1D MA100 (green trend-line), which was hit both previous time the price broke above the 1D MA50.
This doesn't turn the long-term trend bullish just yet. Flow has been trading within a Channel Down since August 2021 and only a break above the 1D MA200 (orange trend-line) which would be the first in its history, can be enough to reverse the Bear Cycle. We may have an early bullish signal on the 1D RSI that broke above its Lower Highs trend-line, but still the 1D MA200 is the ultimate confirmation.
We have incorporated the Fibonacci levels on this Channel and as you see during the downtrend, they aligned very well with Support levels. We expect the same to happen during the uptrend. We will use the upper extensions (1.5, 2.0, 2.5 etc) as targets after the 1D MA200 breaks. The 1.5 Fib extension is already perfectly aligned with the 1W MA50 (red trend-line).
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
This doesn't turn the long-term trend bullish just yet. Flow has been trading within a Channel Down since August 2021 and only a break above the 1D MA200 (orange trend-line) which would be the first in its history, can be enough to reverse the Bear Cycle. We may have an early bullish signal on the 1D RSI that broke above its Lower Highs trend-line, but still the 1D MA200 is the ultimate confirmation.
We have incorporated the Fibonacci levels on this Channel and as you see during the downtrend, they aligned very well with Support levels. We expect the same to happen during the uptrend. We will use the upper extensions (1.5, 2.0, 2.5 etc) as targets after the 1D MA200 breaks. The 1.5 Fib extension is already perfectly aligned with the 1W MA50 (red trend-line).
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
👑Best Signals (Forex/Crypto+70% accuracy) & Account Management (+20% profit/month on 10k accounts)
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
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.