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FLOW / TetherUS

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FLOWUSDT trade ideas

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.
by MonoCoinSignal
10
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.
by Tropnik
1
flowFLOW/USDT/PRPETUAL/1H The price chart has fallen to the 0.740 range after breaking the 0.890 support range, according to the Fibonacci changes and the downward trend line, there is a possibility of correction to the 0.236 range, which is below the trend line. The 0.740 range is currently playing its supporting role. If the price chart manages to enter the correction stage, we can expect the growth of the 0.783 and 0.823 ranges, and if the price breaks the trend line, the trend line can be a good turning point for decision making. Giri knew: R: $0.783 $0.823 S: $0.770 $0.649
by mehdialkasir75
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