FLOW
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.
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.
FLOWUSDT IDEA HELLO GUYS THIS MY IDEA 💡ABOUT FLOWUSDT nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the sellers from this area will be defend this SHORT position..
and when the price come back to this area, strong sellers will be push down the market again..
DOWNTREND + SUPPORT from the past + Strong volume area is my mainly reason for this short trade..
IF you like my work please like and follow Thanks
FLOW CAN PUMP HARDLYHello, dear traders. how are you ? Today we have a setup to buy/long the FLOW symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
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.
#FLOW - Reaching the end of the decending wedge#FLOW - Reaching the end of the decending wedge
It looking like #FLOW might be coming to the end of its bearish move for at least some short term bullish relief. There is still the weekly pivot to fill which is a very bullish sentiment although there are also alot of key moving averages to break. Breaking and holding below the lower trendline would be a good indication to cancel the trade set up.
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.
US100 idea counter trend entryThe overall directional bias is bearish
-a bullish flag is forming hoping for a push higher to raid the previous day high.
we wat the 4hr inefficiency to see if it will be filled
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.
FLOW LONG OPPORTUNITY 20220929Signal:
Blue -> Purple -> Blue
Strong volatility
FLOW, FLOWUSD, FLOWUSDT, FLOWUSDTPERP, FLOWBUSDPERP, CRYPTO, CRYPTOCURRENCY
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
FLOW bearish sentimentNext week we have the FOMC meeting.
Most likely the Federal Reserve will raise rates by 75 basis points. In case of 100 basis points increase, i expect a sell-off in the markets.
Major cryptocurrencies have seen heavy coin inflow into exchanges recently.
I expect a strong sell pressure next week.
FLOW/USDT short
Entry Range: $1.79 - 1.85
Take Profit 1: $1.69
Take Profit 2: $1.50
Take Profit 3: $1.10
Stop Loss: $2.35