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FLOW

FLOWUSD broke above the 1D MA50 for the first time in 2 monthsFLOWUSD 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! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:FLOWUSDLong
by TradingShot
1
High volume of transactionsFLOW has continued its downtrend to the $0.65 range over the past few weeks, and a strong positive reaction has been generated in this area by re-hitting the midline of the descending channel. Due to the lack of price history in the current ranges, we can only use the Fibonacci tool to determine the resistance support levels. Therefore, the first resistance range in case of more support for this currency can be in the area of 0.94 to 1 dollar. Because this range overlaps with the ceiling of the descending channel, it is a suitable place for supply and demand. If the market conditions remain favorable, the price can take a period below this range resistance. The closest support to the current price is in the $0.70 range, where we can expect a positive reaction. Another point is that a high volume of transactions is recorded at the bottom of the price, which is a good sign of buying this currency. Therefore, if the price returns to the previous bottom range, i.e., the $0.65 range, we can consider a high probability of forming the double bottom pattern.
by MonoCoinSignal
10
FLOW. Whales>Retailers.A long-term bearish trend has formed a descending triangle with a target of $0.66. Potentially reaching this target could send the price to the lower of the descending channel... With a time shift it could be, say $0.32. Subjectively, I am skeptical about FLOW. IMO, this is a manipulative asset with a dubious ecosystem, although on-chain stats report record activity on the network. But I am a pragmatist and I see no reason to buy such a small amount of tokens and give away such a large dollar value. It just doesn't make sense. Therefore, I believe that there is manipulation here... Because retailers are driven at high prices, giving them crumbs, and the whales control almost the entire supply of tokens.
by Tropnik
1
Buyers' attention!During the last week, FLOW has registered a complete range trend near the support area of ​​$1. The price of this currency in the daily and 4-hour time frame is in a descending angle pattern, which, if Bitcoin remains on its support limits, the possibility of its price growth and return to higher resistance levels is provided. It should be noted that the trading volume of this currency is close to the lowest historical level, and due to the divergence of the volume, the possibility of price growth is very high. Only buyers' attention to this currency can increase the volume of transactions. In many time frames, the price trend of this currency is still downward. But in the time frame of 15 minutes, the trend is upward; the price can grow up to the range of $1.15. If this resistance is broken, the higher targets we can consider for this currency will be in the range of 1.24 - 1.40 dollars.
by MonoCoinSignal
4
Formation of a new price floor!During the last weeks, FLOW took a strong downward trend, which has caused the formation of a new price floor in this currency. The lowest recorded price is within the specified support range, showing a price of $1.072. This range is very close to $1, and the reason for the positive price reaction and reversal is also buyers' willingness in this range. Another point is that the extension of the downward trend line, which was considered on the chart in the past, is exactly in this support range. This means that the previous upward move with a pullback to this area can again be signs of a trend change in the 4-hour time frame. The support range of $1-1.072 is still the most valid and the last support identified on the chart, and there is a possibility of positive reactions and the formation of a range trend on this level for the coming weeks. The closest resistance to the current price is in the range of $1.33-$1.40, and hitting this resistance could bring a negative reaction. The RSI indicator also shows a positive divergence, and if Bitcoin does not fall further, the probability of maintaining this support range is high.
by MonoCoinSignal
2
FLOW - The price is above support.After a rapid rise, we see a pullback to the lower boundary of the range. The price is kept in flat above the support from where the previous movement was resumed. In case of successful resumption of buying, the price is expected to rise. If you liked the idea, please like it. That's the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and make yourself and your loved ones happy.
by Artem_Dishel
4