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FLOW / TetherUS

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FLOWUSDT trade ideas

FLOW/USDT { FLOW } - BULLISH SETUPANALYSIS 🔎 - FLOW/USDT brokeout above the double bottom neckline resistance. - The market hit a swing high and retraced. - Price is retesting the neckline resistance and key fibonacci retracement zone (0.5 - 0.618 - 0.786). - There is a relatively high concentration of buyers at the retest zone (High buying pressure). - The retracement is resisted by the descending trendline resistance. - A breakout above the descending trendline resistance could be a bullish signal. BUY ENTRY ⬆️ - Breakout above the descending trendline resistance. TARGETS 🎯 - Horizontal resistance level (@24.75). - Horizontal resistance level (@26.69). - Fibonacci extension levels. SETUP INVALIDATION ❌ - Breakdown below the 0.786 fibonacci retracement level.
Long
by Chibuike_Odoh
Flow Bullish Indicators Taking a look at the RSI we're fixing to create the third top to a Triple Bottom, typically what follows is a spike. In this instance that would men it would be bullish this week heading to the weekend. Secondly, if you take a look at the previous trend through the end of July leading through the first week of August we were in a Bearish wedge. From the 8th until now it appears we've been in a nice retest before a Uptrend occurs. If we happen to break through the bottom of this Uptrend (Pink box) we may see a consolidation phase through the week heading into the weekend.
by Kyle_Kinnaird
FLOW Basic Analysis Based on the combination of the Heikin-Ashi candle stick pattern and the support and resistance lines we can conclude that from 01 to 05 Mar 21, there was a strong bullish pattern , then a bearish one until 23 Mar, with the start of the bullish pattern that emerged after colliding with a strong support zone. Other indicators: RSI: Bullish Stoch RSI: Bullish MA Ribbon: Bullish Conclusion: If the asset manages to break through the resistance zone, which is the most likely scenario due to the several bullish indicators, and the fact that the project (www.onflow.org) is extremely good, shows constant growth (coin listing today coinmarketcal.com), and the communities affiliated with it (www.cryptokitties.co & www.nbatopshot.com) are producing massive gains, it should continue on this bullish push towards a new ATH, hopefully in the upcoming week. PS: This is not financial advice, only my opinion based on what I have noticed. If you like my idea, just give me a like, and if you disagree with me, since evidently we are human and susceptible to mistakes, kindly share your comment, and i will gladly take your point of view into consideration. Take Care, Have a Lovely Day and Stay Happy.
Long
by CrYpToWaL