FLOW PRICE ANALYSIS:- PRICE NEAR THE SUPPORT AND BELOW THE 20MA WILL IT SUSTAIN? - Cryptocurrency News - The Market Periodical

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• The trading volume of FLOW Coin in the last 24hr at the time of writing this article is +6.17%
• The Price of FLOW/BTC and FLOW/BTC at the time of writing this article is 0.0002524 BTC and 0.004059 ETH 
• The Price is below the 20MA and near the Support

LONG TERM VIEW:- 

In the daily time interval, we can see the Price is near the Support and below the 20MA. After the three black crow patterns, we can see a Doji, meaning the bulls are trying to push back the Price. Let’s have a look at the technical indicator to see if the Price is able to sustain the Support or not. First, we can see the MACD, which shows red histograms as the MACD line is below the signal line, and there is no sign that the line will cross each other and be far apart. In addition to that, we can see the RSI is in the neutral zone near the 33, and the RSI line is pointing sideways, which means the bulls and bears are giving each other a good fight. Lastly, we can see the Moving average as the 20MA is below the 50MA and 100MA, and we can see the 50MA has crossed the 100MA, which is a bearish sign. 

Tradingview

SHORT TERM VIEW:- 

In the 4hr time interval, we can see that the MACD shows red histograms as the MACD line is below the signal line, but we can see the MACD line may cross the Signal line as they are very close. In addition to that, we can see the RSI is in the neutral zone near the 35 as the RSI line is pointing Sideways, which means bulls and bears are giving each other a good fight. Lastly, we can see the Moving average as the 20MA and 50MA is below the 100MA, which is a bearish sign and no sign that the line will change its direction soon.

Tradingview

CONCLUSION:- 

Looking at both long term and short term, we can see the Price is near the Support but will it sustain? We can see the Bulls are trying to push the Price up as the MACD in 4hr is close to giving a buy signal. The RSI points sideways, which means the bulls and bears are good at giving competition to each other, and the Price can be expected to go up to the resistance and to break resistance. The Price will need a good bulls volume. 

RESISTANCE:-$18,$21

SUPPORT:-$11,$8

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October 18, 2021 at 10:46PM
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FLOW PRICE ANALYSIS:- PRICE NEAR THE SUPPORT AND BELOW THE 20MA WILL IT SUSTAIN? - Cryptocurrency News - The Market Periodical
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