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FLOWUSDT trade ideas

#FLOW reversalHello dear Traders, Here is my idea for #FLOW Price finds support at monthly pivot line. Daily outside bar (blue candle) has been formed and we will wait for a close above the yellow trigger line in the 4h chart to enter the trade. Profit target 3.17$ and Risk Reward ratio 2.6 Please feel free to ask any question in comments. I will try to answer all! Thank you. About #FLOW Rank 31 by marked cap 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 Shot. Source: coinmarketcap.com About Pivot Lines The term monthly indicates that the pivot levels are calculated using the prior month’s high, low and closing price. The basic formulas are now well-known and pivot calculators are readily available on Tradingview. If a market closes above the monthly pivot, then the trend is positive, and closing below the pivot is negative. In a positive market, you look for prices to pause, or maybe even reverse, at the first pivot resistance level (R1). If that level is exceeded, then the R2 is the next level to watch. Conversely, when a market drops below the monthly pivot, then the first downside target is the first pivot support (S1), and the second support is S2. Source: Learn How To Use Monthly Pivot Analysis (forbes.com)
Long
by Diplo_Trades
FLOWUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. This is a one-day-time frame analysis for FLOWUSDT According to our previous analysis on August 10, we predicted a falling trend and now one of our targets is hit. In the present chart, there is R2 as a resistance line and R1 is our 4-hour resistance line. S1 used to be a resistance area and S2 is our long-term support line that represents the support of the price since the past. Therefore, you see the price fluctuation in S1 area and we and we predict a rising trend for it to reach R1 and then here if we receive some rising signs, we predict an increase for it to R2 or higher amounts. Or it may happen that the price loses the support by reaching R1 and start a falling trend toward S1 and S2. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
by MarsSignals
2
FLOW Bear blocking BINANCE:FLOWUSDT is lingering in a Bear block (overbought) arbitrarily ranging between 3.14 and 2.97. Daily metrics are a bit of a mixed bunch, Volume % change had a noticeable drop off. I wouldn't recommend using something as simple as RSI on FLOW, too shifty. As I'm writing this, 1H candle is a real battle between Bulls and Bears. It is important to be aware of how easy FLOW moves, +44.75% gain on a recent 4H candle, multiple examples of +10% on tiny volume are easily spotted on a FLOW chart. My plan before deciding on a Long or Short FLOW trade, if any trade at all, I'll set an Alert for price crossing 2.92 and observe: 2 FLOW Setups Long FLOW - 2.92 is tested and rejected twice, Long target 3.61 Short FLOW - price breaks below 2.92 on a second rejection, retests 2.92 and fails, Short target 2.50 This is my Thesis, targets are purely hypothetical based on my analysis. This is NOT Investment and/or Trading Advice. Happy Trades! ❤️ If you enjoy my ideas , Please like/comment , It means a lot, Thank You! ❤️
by WhoIsWu
1
FLOWUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. This is a one-day-time frame analysis for FLOWUSDT Here we have R2 which used to be a support area and R1 is as a resistance line that shows the unsuccessful attempts of the price in order to rise. Also, S1 used to be a resistance area and S1 is our support line that represents the support of the price at some points. At the present, the price is fluctuating in R1 area and we predict it will fall to S1 area and then by giving us some confirmation candles, we expect another rise for it toward R1. Note that S1 area would be a good area to have your purchase orders. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
Short
by MarsSignals
2
FLOW/USDT possible movementHey, guys Let's take a look at FLOW coin. We see a great pattern forming here. First of all we see a M formation which is bearish sigh and at the same time we see half of H&S formation forming. We think that we might see H&S pattern in a week or two. Stops have been marked and stop is must!! If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team 🔱 Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Short
by SwallowAcademy
3