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.
