FLOW/USDT 4H
FLOW/USDT is currently in a HTF downtrend as price reaches the end of a HTF falling wedge and may be printing a possible inv. head and shoulders pattern on the 4H TF. We are looking for the formation of a trend reversal pattern that would allow price to test overhead resistance near the 0.786 fib level at 11.51. A close above this level would be needed to negate a bearish retest. If this level is broken above, a pattern breakout and confirmed close would be needed to flip to a bullish sentiment.
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.