I just heard about this project from Bull Runners based on the information. It seems like it may be a great coin to get into. I'll have to do more research about the Company. However. from looking at this chart. It is at a great level to purchase however I am going to monitor and put $50 into the coin to ensure that I don't have a FEMO if this Coin Shoots up in...
FLOW (FLOWUSD) is extending the strong 1D green candle that posted yesterday, having broken above the 1D MA100 (green trend-line), turning the 1D MA50 (blue trend-line) into a Support. The 1D RSI is at the highest (overbought) levels it has ever been and as the price is just below the 0.5 Fibonacci retracement level, it is best to wait for a pull-back to the 1D...
Flow at important volume resistance combined with a bullish MA-Ribbon bullish
But we also see a hidden bearish divergence with a lower high on price but higher high on RSI
A correction is more than likely IMO - but MA-Ribbon might be new support for more breakout trials dear Crypto Nation
Drop me a nice comment about your thoughts
*not financial advice
FLOWUSD has been in a massive wedge on its weekly and monthly charts . Considering that this pattern reflects on both the weekly and daily timeframes, a breakout would be significant. With the state of the crypto market I would anticipate FLOWUSD to breakout upward once overhead resistance is finally cracked. In the event of an upward breakout, movement could be...
$FLOW grabbed my attention due to its ongoing collaborations and tokenomics.
Dapper Labs, creater of Flow network takes part in the nft world and gaming on blockchain. Both being an innovating part of the digital world we are entering. Dapper Labs is also known for creating NBA Topshot.
FLOW has appeared to be part of the famous Coinbase Ventures & Animoca Brand...
Flow just flipped the MA-Ribbon bullish...
Next resistances are the FIB golden pocket and the FIB 0.786 including volume resistance.
The RSI is near oversold on this 4h chart and a temporary consolidation likely.
But first good signs overall for further recovery.
What do you think? 😎
Drop me a nice comment if you'd like me to analyze any other...
FLOW dubs itself as a 'fast secure and developer friendly' blockchain. It is primarily built for the purpose of NFT based games and dapps and has found some popularity with NFT marketplaces running on top of it.
On coinmarketap it's currently ranked #49 with almost a $4 Billion market cap.
Recently it has been on a downtrend after reaching it's ATH, back in May...
hey traders, there is Flow, we need a close above the blue line for 1D bar to get the green line (short term's targets)
the yellow lines (long term's targets) and the stop loss is a close under the red line for 1D bar
DON'T ENTER BEFORE THE CLOSING!!
trade carefully guys and don't forget the risk management.