Flow; the blockchain for open worlds (FLOW/USDT Analysis) 📈📉
❇️Hello Crypto community Welcome to my new introduction for another high potential project.
What is Flow?
An Ecofriendly blockchain designed for Web3 apps without compromising UX, for building the open Metaverse .
Flow is a fast, decentralized, and developer-friendly blockchain, designed as the foundation for a new generation of games, apps, and the digital assets that power them. Flow is Proof of Stake and the only layer-one blockchain originally created by a team that has consistently delivered great consumer blockchain experiences: CryptoKitties, Dapper Wallet, NBA Top Shot.
sources: coinmarketcap-flow.com
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📈📉 TECHNICAL
As you can see on the daily timeframe for FLOW /USDT,It is trading about $7.30 right now.
Flow has been in downward trend since September, along with bitcoin and other altcoins and Its volume has been greatly reduced, and is now trading near its green support. Although it may now be supported by bulls in this support range, or maybe it can fall further below current support as long as it is below exponential moving averages(EMAs). So we need to see at least a cross of EMA 21 and EMA50 or EMA100 to confirm its uptrend again . Any scenario can happen now ,because there is a possibility of a return by observing divergence in the other indicators like macd and stockastic ,or continue its fall or even range trading , so we can make a better decision by relying on Price Action rightnow.
🛑resistance level: $ (13-15)/ $(17.7-18.8 )
🆚pivot zone: $(8.4-9.4)
❇️support level: $(6 -6.8) / $3
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses PLZ follow me ,give a big thumbs 👍 and drop comment 🗯💭
What is Flow?
An Ecofriendly blockchain designed for Web3 apps without compromising UX, for building the open Metaverse .
Flow is a fast, decentralized, and developer-friendly blockchain, designed as the foundation for a new generation of games, apps, and the digital assets that power them. Flow is Proof of Stake and the only layer-one blockchain originally created by a team that has consistently delivered great consumer blockchain experiences: CryptoKitties, Dapper Wallet, NBA Top Shot.
sources: coinmarketcap-flow.com
------------------------------------------------------------------------
📈📉 TECHNICAL
As you can see on the daily timeframe for FLOW /USDT,It is trading about $7.30 right now.
Flow has been in downward trend since September, along with bitcoin and other altcoins and Its volume has been greatly reduced, and is now trading near its green support. Although it may now be supported by bulls in this support range, or maybe it can fall further below current support as long as it is below exponential moving averages(EMAs). So we need to see at least a cross of EMA 21 and EMA50 or EMA100 to confirm its uptrend again . Any scenario can happen now ,because there is a possibility of a return by observing divergence in the other indicators like macd and stockastic ,or continue its fall or even range trading , so we can make a better decision by relying on Price Action rightnow.
🛑resistance level: $ (13-15)/ $(17.7-18.8 )
🆚pivot zone: $(8.4-9.4)
❇️support level: $(6 -6.8) / $3
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses PLZ follow me ,give a big thumbs 👍 and drop comment 🗯💭
Comment:
The most important support has broken , so its better to focus on short position ,until it is under its support range
