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FLOW / TetherUS PERPETUAL CONTRACT

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FLOWUSDT.P trade ideas

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 180Cryptocurrency FLOW is a relatively young project. which was created in 2020. And in such a short period, I was able to reach the top positions in the list of cryptocurrencies. Along with the dinosaurs of the crypto industry. And although the price of FLOW has fallen significantly, like most cryptocurrencies, this project is attracting the attention and investment of many investors and crypto traders. This year, the project raised over $100 million just for the development of the eco system. The latest news from the crypto industry adds optimism! And given that FLOW has formed a double bottom and a local low, according to the chart, we see attempts to reverse the market and a good price to buy. I think this is quite a promising project! And investments in this cryptocurrency can bring good returns. And in the near future, double your investment.
Long
by TradingForProfitPro