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FLOWUSD

FLOWUSD Huge Falling Wedge and 4hour MA200 breakoutFLOWUSD is crossing today over both the giant Falling Wedge pattern that started at the beginning of 2023 and the 4hour MA200, which has been a Resistance since July 24th. It is easy to understand that this is a major bullish development for the long term trend. The short term Resistance that is left is the 1day MA50 and that is only $3 away. As you see we've split the analysis into two charts the 4hour (left) and the 1day (right). Both have the next common bullish benchmark at 0.63500, on the 4hour that's the 0.618 Fibonacci from the July 3rd top and on the 1day it is an estimated contact course with the 1day MA200, the major Resistance October 5th 2021! This can be used as the target. 50% buy can be entered now and the other 50% after a 1day candle close over the 1day MA50. Target 0.63500. Follow us, like the idea and leave a comment below!!
CRYPTO:FLOWUSDLong
by TheCryptagon
FLOWUSDT NEW ATLflow has created a new all time low. Is there going to be a further drop or will the price go back up from here? We don't know, but it could be worth buying as a historical support point. But if bitcoin continues to fall and probably to 25K, we should expect more fall for this coin. Also, don't forget this point that we were on the verge of breaking the downward trend line, when the price was accompanied by a further fall. ⚠️ "Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
by Madoir
Positive reactions have been observedFlow's price increased to $1.44 after it crossed the resistance range of $1.159 to $1.238 with the support of buyers. Positive reactions have been observed in the return and pullback to this level of support. Considering that the trend is completely bullish in the 4-hour timeframe, as long as this support is maintained, there is the potential to continue the upward movement and grow further to the resistance range of $1.57 to $1.64. But if selling pressure increases in the market and this support level is broken, we can expect a deeper correction to the $1 support area and even the previous floor area at $0.938-0.964. Given that the current support range has overlapped with the ceiling of the broken descending channel, there is potential for a good positive reaction from this level and continued price growth to at least the previous top. In general, the range of $1 is considered an important supply and demand area for it, and it is expected that the price of FLOW will fluctuate in this range for some time. So the range trend is expected for it. Also, price growth is more likely until the floor of the previous ascending candle in the weekly time frame is not broken down.
by MonoCoinSignal
1
FLOWUSD Inverted Head and Shoulders into bullish breakoutFLOWUSD has completed the formation of an Inverted Head and Shoulders pattern that just crossed over the Falling Resistance (Lower Highs) of the Bear Cycle. This is the first Bull Cycle confirmation. The RSI 1D also made a Bull Flag breakout. The MA50 1D is supporting. Trading Plan: 1. Buy if the price crosses above the MA200 1D. 2. Buy if the price pulls back to the MA50 1D. Targets: In both cases 2.0550 (Resistance 1) and 3.2000 (Resistance 2) on the medium term Tips: 1. A Head and Shoulders pattern cause the extended decline that led to the Inverted Head and Shoulders. This is a flipped image of that sequence. Clear illustrated by the red and green path trend lines. Please like, follow and comment!!
CRYPTO:FLOWUSDLong
by TradingBrokersView
1
FLOW/USD- Breakout or Retrace to Entry Price? Flow is largely unknown to me so charting for a follower who is bullish. TA suggests potential for a break over the next few days. I'd like to find the lower entry price but if BTC rallies it may push the alts through current resistance. Personally hesitant buying the breakouts at the moment but consideration should be made as this has sound potential to head back to previous highs. Targets seem high but are realistic if the market confirms a flip to bullish. I'll be on the sidelines here until I'm more confident BTC is going to hold the support line. My opinion is that it won't and will retrace between 6 and 10% over the next few days, that would create the right entry price for a few alts FLOW included. Alternately if it jumps the 1.16 resistance it'll flip to become the support and we may see some positive price action. As always, just thoughts and TA, NFA Feedback Welcomed. Bingaz.
KRAKEN:FLOWUSD
by Bingaz
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 may be gearing up for massive rallyCrypto markets continue to stew in the wake of the FTX fallout, and the prevalent "risk off" investor sentiment as the FED continues to wage war against record high inflation. The crypto market in 2022 has felt very much alike to that of 2018--which for those of you that weren't around, it was just a giant suckfest everyday. Coins that had promising futures and strong narratives were down 70% and felt like a bargain. Weeks later those would go down another 40%. You can tell yourself you're gonna "Buy it 'till it acts right" but one day you just get tired of waking up to your shit down 35% for the 12th time. This was also when I created my profile image. I was still trading in GDAX at the time. While I was never bearish, I did feel utterly defeated every single day for an entire year. I left the picture as a reminder of that year, to help keep my exposure in check when trading and take profits when possible. Anyways, getting back to today's markets. When everything keeps bouncing lower off a downward trendline, it seems like a coin toss (no pun intended) as to whether any of these dead cat bounces are worth riding as we look to establish long term price support. I've seen promising weekly MACD bullish crosses get obliterated, on both USD and BTC pairs. So I tend to avoid trading based off those in this kind of market. RSI for me has been a better way to trade but the key is to find a coin with a decent amount of price history, volume, and narrative. There's two types of bullish RSI trades I like. One is having cash on the sideline for when BTC just nukes and prints a -25% candle. Alts will be down 40-50% and you can scrape the bottom. These daily candles almost always close down somewhere in the -16 to -24%, so you can make a good bit of money in a day off someone else's liquidations. The other kind is based off historical RSI reversal levels as seen in the FLOW chart attached. Down almost 91% YTD, and around 32% in the last few weeks. The daily RSI is around 15, which historically has led to rallies over 50% in the days following. What's impressive, and a bit unnerving, is that this has occurred 100% of the time this happens. There's not a single instance where RSI hits 15-16 and doesn't rally. And all the rallies I highlighted were just measured up to the first correction. Many of these rallies off this low point continued much higher, I just wanted to point out the safest exit was still a pretty nice move. The daily bollinger bands leave the door open to around .96-$1.00. I'm not saying it's a slam dunk or a no-brainer, but you've at least got some rationale behind the trade setup. Either way please remember this is not financial advice or recommendations, I just thought it was interesting and wanted to share. Be safe out there and keep your heads on straight.
KRAKEN:FLOWUSD
by JNor
1