FLOW - FLOW/USD - Daily - Technical analysis published on 08/04/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
56%
11%
33%
My opinion
Bullish above 1.80 USD
My targets
2.53 USD (+14.62%)
2.70 USD (+22.17%)
My analysis
The strong short-term increase in FLOW - DAPPER LABS - FLOW/USD calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 1.80 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 2.53 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.70 USD as an objective. Crossing it would then enable buyers to target 5.23 USD. Caution, a return under 1.80 USD could jeopardize the reversal.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
2.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The FLOW - DAPPER LABS - FLOW/USD rating is 2.21 USD. The price has increased by +20.11% since the last closing and was traded between 1.84 USD and 2.26 USD over the period. The price is currently at +20.11% from its lowest and -2.21% from its highest.1.84
2.26
2.21
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this Daily chart of FLOW - DAPPER LABS - FLOW/USD indicates that the overall trend is slightly bearish. 53.57% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
The probability of a further increase are moderate given the direction of the technical indicators.
The Central Indicators scanner found this result concerning these indicators:
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 1.74 | 2.21 | 2.70 | 5.23 | 6.70 |
| Change (%) | -21.27% | - | +22.17% | +136.65% | +203.17% |
| Change | -0.47 | - | +0.49 | +3.02 | +4.49 |
| Level | Major | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.67 | 1.75 | 1.79 | 1.87 | 1.91 | 1.99 | 2.03 |
| Camarilla | 1.81 | 1.82 | 1.83 | 1.84 | 1.85 | 1.86 | 1.87 |
| Woodie | 1.66 | 1.74 | 1.78 | 1.86 | 1.90 | 1.98 | 2.02 |
| Fibonacci | 1.75 | 1.79 | 1.82 | 1.87 | 1.91 | 1.94 | 1.99 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.08 | 1.30 | 1.61 | 1.83 | 2.14 | 2.36 | 2.67 |
| Camarilla | 1.77 | 1.82 | 1.87 | 1.92 | 1.97 | 2.02 | 2.07 |
| Woodie | 1.13 | 1.32 | 1.66 | 1.85 | 2.19 | 2.38 | 2.72 |
| Fibonacci | 1.30 | 1.50 | 1.63 | 1.83 | 2.03 | 2.16 | 2.36 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.77 | 1.07 | 1.50 | 1.80 | 2.23 | 2.53 | 2.96 |
| Camarilla | 1.72 | 1.79 | 1.85 | 1.92 | 1.99 | 2.05 | 2.12 |
| Woodie | 0.83 | 1.10 | 1.56 | 1.83 | 2.29 | 2.56 | 3.02 |
| Fibonacci | 1.07 | 1.35 | 1.52 | 1.80 | 2.08 | 2.25 | 2.53 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 54.49 | |
| MACD (12,26,9): | 0.0500 | |
| Directional Movement: | 9.99 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 1.88 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.60 | |
| Elder Ray (13): | 0.04 | |
| Super Trend (3,10): | 1.49 | |
| Zig ZAG (10): | 1.88 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 57.18 | |
| TEMA (21): | 1.96 | |
| Williams %R (14): | -39.97 | |
| Chande Momentum Oscillator (20): | 0.03 | |
| Repulse (5,40,3): | -5.0000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.4600 | |
| Courbe Coppock: | 14.02 |
| MA7: | 1.90 | |
| MA20: | 1.81 | |
| MA50: | 1.65 | |
| MA100: | 2.38 | |
| MAexp7: | 1.87 | |
| MAexp20: | 1.81 | |
| MAexp50: | 1.92 | |
| MAexp100: | 2.64 | |
| Price / MA7: | +16.32% | |
| Price / MA20: | +22.10% | |
| Price / MA50: | +33.94% | |
| Price / MA100: | -7.14% | |
| Price / MAexp7: | +18.18% | |
| Price / MAexp20: | +22.10% | |
| Price / MAexp50: | +15.10% | |
| Price / MAexp100: | -16.29% |
Quotes :
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Real time data
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