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Flow Price Analysis: The Flow’s Flow Is So Unpredictable. Will It Get An Upward Curve Or The Downward Curve?

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  • The variable price of the flow is creating difficulty for the investors to decide on either side 
  • The current price of the coin is around 
  • The pair of FLOW/BTC is surfing around 

The bulls tried hard to bring the price over the upward curve but the bears are also giving them a tough fight. The bears have entered the trade and brought a downward trend. The bulls and bears are pulling the price of flow in their desired zones. But the bears are getting the ball in their court and the bulls should try to enter the trade and raise some interest for the investors. Bears just have to find a short window to manipulate the price to their desired targets. The bears are putting some extra efforts into taking over the price of the Flow

The current price of FLOW is $1.86 and it has decreased approx 4.90% in the last 24 hours, which has brought one more move towards its downward momentum. The bulls must try hard to give upward momentum to the price of the coin. The FLOW/BTC pair is currently declined by approx 3.44%, trading at about 0.00008175 BTC. If the bulls go the extra mile, they may increase the price to the primary resistance of $2.020. If the bullish trend continues, we may see the price reaching up to the secondary resistance of $2.531 over the daily price chart. If the bulls work with better strategies to beat the bullish trend, the price may approach the primary support level of about $1.562. If the bulls do not respond, the bears will be able to quickly push the Flow price to its secondary support of $1.218.

The volume of the Flow has increased by 40.05% during the intraday trading session. The continuous increase in volume clearly indicates that their short-selling pressure is decreasing and the buying is getting stronger. The volume to market cap ratio is 0.05008. The sellers have to work harder to reach their desired goals. As the buying is increasing it could be a relief for the investors. Investors could decide to move on either side. This will also bring an opportunity for new investors to enter the trade.

The technical indicator shows the following: The relative strength index is in the overbought zone and the buying is getting stronger the sellers have to knuckle under to normalize the price of the FLOW. The current RSI is 54.74

which is below the average RSI. the average RSI is 55.78. The price is moving ahead of the 20,50 estimated moving average and is still lagging behind the 100,200 daily moving average. The FLOW investors have to decide to move on either to make the whales move. This could bring a further movement in the price of the coin. 

Technical Levels

Support Levels:  $1.562  and $1.218

Resistance Levels: $2.020 and $2.531

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational ideas only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

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