Flow Price Analysis: FLOW Coin Is Going Up With The Bullish Flow

FLOW bounced back from the support and is trading at $36.78
  • Flow coin price action bounceback from $30.0 to $36.78 on Monday’s trading session
  • The 24-hour volume in Flow is at $355,748,440 with a 236% increase
  • The FLOW/BTC pair was trading at 0.0006379 BTC with a gain of 16.65%

The 4-hour technical chart of FLOW coin price action forecasts an uptrend with the overall market sentiments. According to pivot points, Flow’s critical support level is placed at $30.10. Whereas if it moves up, the key resistance level to watch is $43.02. While diving into the weekly chart of a 4-hour time-frame, it completes an inverted hammer candlestick pattern representing a bullish reversal with medium reliability.

EMA- (8,13,21,55) acts as another strong support in the coin. EMA-8 (blue) intersects above the EMA-55 (red), which projects a strong bullish trend. The price is also above all the EMA’s. Investors may perceive a positive crossover in the EMA, and the price will also follow the positive trend.

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RSI indicator (BULLISH), with a value of 63.30, indicates a buy signal in the coin. Moreover, Investors can see a downward slope from 72 to 63 in the index, and it may cool down in future trading sessions.

The volume of (94.75K) represents a huge buying volume which is above the Volume MA (18.98K) of 20-days. High buying volume is maintained in FLOW to drive its price to higher levels.

Flow Coin Price Buying Volume Surges By 238%

Flow coin price traded at $36.78 with a gain of 17.25% in the last 24-hour and 16.40% up in the weekly time-frame. Furthermore, FLOW bounced back from the support and is trading at $36.78. In contrast, the market capitalization stands at $1.13 billion. Technically, investors can perceive a positive crossover in EMA, and the price is above the 8-EMA. RSI index showcases a downward slope for a short while. Moreover, the price movement can be towards the next resistance of $43.02 in future trading sessions.

Resistance: $43.02

Support: $30.10

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Nikhil Ingolehttp://themarketperiodical.com
Mr, Nikhil Ingole is a cryptocurrency technical analyst with over seven years of technical analysis trading experience in Forex and Indian stock market. As a commerce graduate, he has taken a keen interest in blockchain's future potentials in the financial industry. He possesses strong technical, analytical skills and is well known for his financial market's informative analysis. Other than crypto, Nikhil Loves to watch his favorite football team and keep up to date with the latest Formula 1 racing.

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