AlanSantana

✴️ Flow Chart Analysis With Targets (190% To 333% Potential)

Long
KUCOIN:FLOWUSDT   Flow / Tether
I like charts like this one because the signals are many, strong and clear. Clear as in easy to read.

Where do we start?

The downtrend or falling wedge. This is one of the most basic and at the same time important detail to look at.

FLOWUSDT is now out of a major downtrend, drawn here black. This is also shown as a falling wedge pattern that has broken bullish.

The really high volume on the last two candles confirms that this move is 100% real and thus only the beginning of it. Since it is a bullish breakout, this is only the beginning of a bullish wave.

The MACD hit a low 30-August, while Flow continued to move lower and lower, printing a massive bullish divergence.
The MACD just went bullish (above zero) with a green histogram. At the same time plenty of room is left available for additional growth which supports the fact that this bullish move is only getting started.

That's it, we only need a few signals to lend support to our bias.
We have a bullish bias and these signals support it. That's TA for you.

Now that we have support for our bias, very strong based on these signals, we can switch our focus to where FLOWUSDT will find resistance, the targets.

Within days, maximum a week or two, FLOWUSDT can hit above $1.
Two ($2) is also possible "short-term", which for me means within a month (30 days). We have to wait and see because sometimes it moves fast but other times it takes longer.

In this same bullish wave, this pair is new so there isn't much history, higher prices are possible. I will say within 2-3 months and this is mapped on the chart. $3.

That's it.

Invalidation can happen below the 10-June low.
If FLOWUSDT moves and closes below this level the bullish bias is lost but, as soon as the break below it happens and a new low is hit, we expect an even stronger bounce... That's the worst case scenario because prices are set to increase.

I normally ignore the stop-loss and trade long-term.
If my spot trade fails, I wait for as long as it takes, refilling/buying more at each support, accumulating in anticipation of the ensuing bullish wave.

Each person is different, do what works for you.
I can wait so I wait... Others prefer fast/short-term, for that we have the leveraged trades.

A trading capital can be divided into spot, leverage and long-term hold, you can even keep some "cash" for when good opportunities show up.

It is a complex game. Through reading, learning, studying and practicing you can build your own map.

No system works for everybody, you have to choose what works for you.

Some things you pick, others you leave.

If you enjoy the content, you can show your support in whatever way you wish.
Like, comment and follow... It is all free.

Namaste.

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