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FLOW / TetherUS

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FLOWUSDT trade ideas

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 180Cryptocurrency FLOW is a relatively young project. which was created in 2020. And in such a short period, I was able to reach the top positions in the list of cryptocurrencies. Along with the dinosaurs of the crypto industry. And although the price of FLOW has fallen significantly, like most cryptocurrencies, this project is attracting the attention and investment of many investors and crypto traders. This year, the project raised over $100 million just for the development of the eco system. The latest news from the crypto industry adds optimism! And given that FLOW has formed a double bottom and a local low, according to the chart, we see attempts to reverse the market and a good price to buy. I think this is quite a promising project! And investments in this cryptocurrency can bring good returns. And in the near future, double your investment.
Long
by TradingForProfitPro
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