FLOW Rebounds at $1.4 Level

Bulls may continue pushing up the price

FLOWUSD Price Analysis – November 05

Should the bulls push up the Flow, it will be inclined towards the resistance levels at $1.9, $2.0 and $2.1. In case bears increase their momentum, the price may penetrate the support level at $1.7, then, the support levels of 1.5 and $1.4 may be reached..

FLOW/USD Market

Key levels:

Resistance levels: $1.9, $2.0, $2.1

Support levels: $1.7, $1.5, $1.4

FLOWUSD Long-term trend: Bullish

Flow is bullish in the daily chart. The coin was under the control of the sellers a couple of weeks ago. The sellers pushed the coin to locate support at $1.4 level. This is the second time the price is testing the level. More daily bullish candles are producing and the price is increasing gradually. The resistance level of $1.5 and $1.7 is broken upside. The resistance level of $1.9 is tested and it is currently pulling back.

There is an increase in the bulls’ momentum as the FLOW is trading above the 9 periods EMA and 21 periods EMA. Should the bulls push up the price, it will be inclined towards the resistance levels at $1.9, $2.0 and $2.1. In case bears increase their momentum, the price may penetrate the support level at $1.7, then, the support levels of 1.5 and $1.4 may be reached. The relative strength index period 14 is at 65 levels with the signal line pointing up to indicate buy signal.

 FLOWUSD medium-term Trend: Bullish

Flow is bullish in the 4-hour time frame. The coin descends from the high of $3.1 to the low of $1.5 support level. The coin is technically changing to bullish direction when the price reached the low of $1.4 support level on 21 October. Price is increasing with the aim of break up the resistance level of $1.9.

Flow is trading above the 9 periods EMA and 21 periods EMA. The Relative Strength Indicator period 14 is at 65 levels exhibiting a buy signal.

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