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FLOWUSD trade ideas

What Hints Does Flow Price Structure Have For Ahead? Over the daily chart, the **FLOW** Chart has shown an impressive surge of over 300% from the last quarter of 2023 to the first quarter of 2024. Despite the exemplary gains, the price fell due to a rise in sell-offs by profit bookers, leading FLOW price back to the initial demand zone. The price tried to surge from the demand zone, but the dynamic resistance and extended bear pressure acted as obstacles that interrupted FLOW's further ascent. Therefore, the eyes are set on a successful upgrade if that works in favor of price. Then the price could rise higher, where the targets would be present near $0.700 and $0.800. On the contrary, if the breach were to fail, **Flow** would get deflected south again. Then the bears could push it back to $0.500 or further. Also, if it dies and pushes more south, then it could continue its sideways movement and invalidate the bullish theory.
COINBASE:FLOWUSDLong
by Sam_TCR
Flow Price Plummets 20% Amid $6 Million Withdrawal: What’s NextFlow Price Plummets 20% Amid $6 Million Withdrawal: What’s Next Flow price crashed by over 20% in the last couple of sessions snapping off the recent profits. The Open interest contracts have dropped by 40% in the last couple of sessions. Flow price edged near to $0.55 after losing a significant 20% in the last couple of sessions. The recent fall has snapped off nearly 60% of the value that the crypto gained in the last month. The tensions between the two countries Israel and Iran have escalated uncertainty in the world markets. Due to which the investors sentiment has shifted to a bearish side. The uncertainty has hit the altcoins and Blue chip cryptocurrencies as well. The market leaders Bitcoin and Ethereum have also noted a significant fall losing 7 to 9% of their value in the last couple of sessions. Additionally, the altcoins which were struggling to recover have hit the hardest due to less number of buyers. Open Interest Data Dropped By Over 40% The recent fall in the price might have been escalated by the drop in the derivatives traders as they rushed to cover their positions. As reported by an on-chain analytics website app.santiment.net, the Open Interest contracts have reduced by a significant 40%. A sharp drop in the Open interest contracts in the last couple of sessions suggest a long unwinding by the short term derivatives traders and investors. The OI data has dropped from $14 Million to $9 Million losing 40% in the recent sessions indicating a fear among the investors. Furthermore, the transaction volume has dropped by 27.21% to $37.24 Million a day. Flow currently ranks 68th with a live market capitalization of $845.31 Million. The volume to market cap at 4.52% suggests low volatility in the crypto. Can Psychological $0.5 Level Hold The Flow? From a price action point of view, a strong bearish move has snapped off most of the profits incurred in July. Flow has started August on a negative note losing over 20% in the first three sessions. Also, the long term trend tilts to the bearish side as the price lags by nearly 30% from the 200 day Exponential moving average suggesting a long term bearish outlook. Also, the price hovers below the 20 and 50 days EMA indicating a weakness in the short term as well. As per the analysts, the price may continue to lower until the most recent support of $0.5 level. The sellers are rising the momentum which may drag the price even lower towards the $0.45 level. At the time of writing, The RSI line was placed close to 38 points and that of the 14 day SMA line was placed close to 52 points. A bearish crossover between both the lines suggest a bearish outlook as per the indicator. Flow price dropped 20% to $0.55, erasing over 60% of last month's gains. The tensions between Israel and Iran have created market uncertainty, affecting altcoins and blue-chip cryptocurrencies. As a result,, the derivatives traders rushed to cover positions, reducing Open Interest contracts by 40%, from $14M to $9M. Currently, Flow price hovers below key EMAs, indicating a bearish trend. Analysts predict further decline to $0.5 or even $0.45. The RSI is at 38, and the 14-day SMA is at 52, suggesting a bearish outlook.
CRYPTO:FLOWUSDShort
by Ritika_TCR
Technical Analysis Of Flow (FLOW) Daily Chart! The FLOW chart has experienced a remarkable surge of over 300% from October 2023 to mid-March 2024, climbing from $0.417 to $1.693. This marked a notable historical surge on the chart. Despite these significant gains, a three-month period of profit-taking caused the price to decline. In terms of structure, the decline formed a wedge pattern, and the price recently broke above the upper boundary. However, the 50-day EMA was earlier hindering further upward movement, but recent BTC surge has breached the orange band. The next resistance levels are at $0.820 and $1.00, contingent on a potential bullish push. If the bears counteract this ascent and the price falls below the pattern, the bullish sentiment could diminish. Likewise, the continued bearish dominance could drive the price down to the nearest support levels at $0.60 and $0.40. According to the indicators, the 50-day orange band EMA has been breached, alongside bullish RSI and MACD. Overall, the sentiment has turned bullish.
COINBASE:FLOWUSDLong
by Sam_TCR
What Does FLOW Price Show Over 1-D Chart? The FLOW Chart shows an impressive surge of greater than 300% from October 2023 to mid-March 2024, where it flew from $0.417 to $1.693. Despite the exemplary gains, due to 3 months profit booking, FLOW deterioration took the price back, from where it showed a historical surge on the chart. Structure-wise, the plunge has formed a wedge, and this week, the price has moved past the upper border. However, the obstacle of dynamic resistance of 50-day EMA looms, which interrupts its further ascent. Based on possible bullish thrust, the resistance that lies up ahead is $0.820 and $1.00, respectively. On the contrary, if the ascent gets neutralized by bears and shifts beneath the pattern, again, then bullish sentiment might take a halt or lose its significance, as well. Further dominance by bears could even lead to the nearest supports at $0.60 and $0.40. Indicators, the sentiment is depicted as a mix, as bearish EMA's present alongside Bullish RSI and MACD.
COINBASE:FLOWUSDLong
by Sam_TCR
The Flow asset is demonstrating bearish potential.The flow crypto price has been in bulls favor earlier, and rose all the way from the demand zone of $0.400 to the supply level at $1.70. During its advancement, the FLOW shattered all in-between resistances like $0.700, $1.00, and $1.450. However, at the top resistance level of $1.70, the battle between bulls and bears got intense, and due to the bear's strong presence at the top, the bulls ended up losing their traction and started slipping on the daily chart. However, Flow crypto has displayed a decline by following a downward trendline, as the price fell from a critical supply level of around $1.750 on the chart. if the Flow of crypto falls more, then this huge drop could continue, as it has already reached the resistance level and started to fall on the daily chart. The Flow asset is showing bearishness and falling potential as it declines and makes a lower low structure side by side with a declining trendline, also, the price structure is in between major trend 20-day, and 50-day EMA's. In the same way, the Flow asset is demonstrating bearish potential as MACD shows a bearish crossover and the RSI is decreasing gradually and currently is at 48.47, signifying that the FLOW crypto asset is losing traction and can reach new lows after taking another possible decline from declining trendline. On observing the overall chart of FLOW crypto asset, it is demonstrating bearish behavior and shows that it has more room to decrease. It has achieved a bad performance in the last week by -7.40% despite being in an uptrend from so long from the last month, and quarter, thus implying a robust downward direction dip possible in the coming days session on the daily chart. At the time of publishing, the FLOW is currently trading at $1.252 with a slight intraday surge of 0.64%. therefore, as per the price action, if the price bounces back again from the declining trendline and manages to break the nearest major support of $1.150, its price could dip more in that case. However, there lies one more possibility, that will prevail only if the price manages to get abrupt buying pressure to destroy the trendline resistance. Then the target could be to reach $1.50 and $1.75.
COINBASE:FLOWUSDShort
by Sam_TCR