What is Flow?
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 the only layer-one blockchain originally created by a team that has consistently delivered great consumer blockchain experiences: CryptoKitties, Dapper Wallet, NBA Top...
Since the Binance listing, price has been stabilized within a small range for almost a month in an accumulation zone.
Flow was one of the first coins to pop off the first leg of ALT szn in February and is now currently looking like one of the lagging few. This could either mean opportunity, or that FLOWs goin to the Crypto Graveyard (doubt this).
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(FLOWUSD 1W Chart)
If the price is maintained in the 10.639-16.118 range, it is expected that the uptrend will continue.
However, it is...
Hey traders, noticing a lot of top crypto coins are breaking out of these long down trends. Could we possibly be coming back? Big volume, surpassed previous overhead supply. If we can hold here and pass the initial level drawn out, this would further confirm the new uptrend. Keep an eye out on quality crypto projects. Could be making a comeback!!!!
FLOWUSD has completed the Triangle pattern. It also had a retest on Support and got it's rejection. There might be a pullback at 13.1 but it must go higher to 17.45
SL @ 10.2 (30% Loss)
TP1 @ 17.45 (18% Profit)
TP2 @ 24.80 (67% Profit)
Provided that tomorrow the market will re-start its bullish trend (to be confirmed) here is an interesting opportunity to buy the deep and anticipate the inversion (stop loss required). The trend shows similar formation as before last rally and associated with the foundamental that see incoming events below another rally even bigger then before is expected also...
Flow still not listed on many exchanges, but I believe many will follow soon. Dapper labs being valued at 7.5B is definitely a big boost for FLOW as NBA topshots are on it. Flow is in a nice uptrend and isn't showing much weakness. The recent correction didn't affect it much, especially vs BTC. Most of the weakness in alts is coming from BTC and not from alts...
Hey guys, it looks like flow/usd is forming an inversed head and shoulder pattern. Looking at the daily time frame. For this to play out it needs to break the neckline and come retest it for support. If volume comes in the price target will be around 53 USD.
Not financial advise im just a average bloke who draws stuff.