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FLOW

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
FLOW bearish sentimentSeptember has major catalysts for the crypto market as well as for the stock market. The Ethereum merge on September 6th, that will end on Sept 20, the inflation report on September 13 and the next FOMC meeting afterwards with the new interest rates hike. That is reflected in the crypto space in general as a bearish outlook. FLOW is a cypto with a negative overall sentiment recently. I have the following price targets: FLOW/USDT short Entry Range: $1.95 - 2.10 Take Profit 1: $1.75 Take Profit 2: $1.50 Take Profit 3: $1.10 Stop Loss: $2.35
Short
by BuySellMarketMaker
FLOW Bear blocking BINANCE:FLOWUSDT is lingering in a Bear block (overbought) arbitrarily ranging between 3.14 and 2.97. Daily metrics are a bit of a mixed bunch, Volume % change had a noticeable drop off. I wouldn't recommend using something as simple as RSI on FLOW, too shifty. As I'm writing this, 1H candle is a real battle between Bulls and Bears. It is important to be aware of how easy FLOW moves, +44.75% gain on a recent 4H candle, multiple examples of +10% on tiny volume are easily spotted on a FLOW chart. My plan before deciding on a Long or Short FLOW trade, if any trade at all, I'll set an Alert for price crossing 2.92 and observe: 2 FLOW Setups Long FLOW - 2.92 is tested and rejected twice, Long target 3.61 Short FLOW - price breaks below 2.92 on a second rejection, retests 2.92 and fails, Short target 2.50 This is my Thesis, targets are purely hypothetical based on my analysis. This is NOT Investment and/or Trading Advice. Happy Trades! ❤️ If you enjoy my ideas , Please like/comment , It means a lot, Thank You! ❤️
by WhoIsWu
1