untoldanalysis

FLOW Breaks Long-Term Downtrend Line

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BINANCE:FLOWUSDT   FLOW / TetherUS


* 1D

Flow broke the long-term downtrend line with a lot of trading volume.

It could come down a little bit to around $0.7, but it probably won't come down much.

Although it has only continued to fall since its listing, it is good to expect a significant rise as it broke the long-term downtrend line for the first time.

Commentaire:

FLOW failed to break through 0.793 resistance.
The rebound came on the back of the red box and the short-term uptrend line.

Now this has broken the short-term downward trend line.

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