FLOW - FLOW/USD - 1H - Technical analysis published on 08/22/2023 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
67%
0%
33%
My opinion
Bearish under 0.477185 USD
My targets
0.428700 USD (-6.60%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.477185 USD remains possible. It is advisable to trade FLOW - FLOW/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.477185 USD. The next bearish objective for sellers is set at 0.428700 USD. A bearish break of this support would revive the bearish momentum. PS: if there is a bullish break in the resistance located at 0.477185 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0.4
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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 - FLOW/USD price is 0.459000 USD. On the day, this instrument lost -0.04% and was between 0.454700 USD and 0.461300 USD. This implies that the price is at +0.95% from its lowest and at -0.50% from its highest.0.454700
0.461300
0.459000
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of FLOW - FLOW/USD indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, 12 technical indicators on 18 studied are currently positioned bullish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
The analysis of the price chart with Central Patterns scanners does not return any result.
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.428700 | 0.457000 | 0.459000 | 0.477185 | 0.505200 | 0.546656 |
| Change (%) | -6.60% | -0.44% | - | +3.96% | +10.07% | +19.10% |
| Change | -0.030300 | -0.002000 | - | +0.018185 | +0.046200 | +0.087656 |
| Level | Minor | Major | - | Intermediate | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.428933 | 0.438267 | 0.448733 | 0.458067 | 0.468533 | 0.477867 | 0.488333 |
| Camarilla | 0.453755 | 0.455570 | 0.457385 | 0.459200 | 0.461015 | 0.462830 | 0.464645 |
| Woodie | 0.429500 | 0.438550 | 0.449300 | 0.458350 | 0.469100 | 0.478150 | 0.488900 |
| Fibonacci | 0.438267 | 0.445830 | 0.450503 | 0.458067 | 0.465630 | 0.470303 | 0.477867 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.268233 | 0.348467 | 0.406233 | 0.486467 | 0.544233 | 0.624467 | 0.682233 |
| Camarilla | 0.426050 | 0.438700 | 0.451350 | 0.464000 | 0.476650 | 0.489300 | 0.501950 |
| Woodie | 0.257000 | 0.342850 | 0.395000 | 0.480850 | 0.533000 | 0.618850 | 0.671000 |
| Fibonacci | 0.348467 | 0.401183 | 0.433751 | 0.486467 | 0.539183 | 0.571751 | 0.624467 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.408033 | 0.487567 | 0.533533 | 0.613067 | 0.659033 | 0.738567 | 0.784533 |
| Camarilla | 0.544988 | 0.556492 | 0.567996 | 0.579500 | 0.591004 | 0.602508 | 0.614013 |
| Woodie | 0.391250 | 0.479175 | 0.516750 | 0.604675 | 0.642250 | 0.730175 | 0.767750 |
| Fibonacci | 0.487567 | 0.535508 | 0.565126 | 0.613067 | 0.661008 | 0.690626 | 0.738567 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 52.55 | |
| MACD (12,26,9): | -0.0003 | |
| Directional Movement: | 4.236183 | |
| AROON (14): | 42.857143 | |
| DEMA (21): | 0.456838 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.453408 | |
| Elder Ray (13): | 0.001552 | |
| Super Trend (3,10): | 0.463353 | |
| Zig ZAG (10): | 0.459000 | |
| VORTEX (21): | 1.0916 | |
| Stochastique (14,3,5): | 69.61 | |
| TEMA (21): | 0.457720 | |
| Williams %R (14): | -26.51 | |
| Chande Momentum Oscillator (20): | 0.000700 | |
| Repulse (5,40,3): | 0.6299 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0268 | |
| Courbe Coppock: | 1.27 |
| MA7: | 0.460829 | |
| MA20: | 0.521190 | |
| MA50: | 0.573136 | |
| MA100: | 0.603890 | |
| MAexp7: | 0.457819 | |
| MAexp20: | 0.457567 | |
| MAexp50: | 0.459906 | |
| MAexp100: | 0.469094 | |
| Price / MA7: | -0.40% | |
| Price / MA20: | -11.93% | |
| Price / MA50: | -19.91% | |
| Price / MA100: | -23.99% | |
| Price / MAexp7: | +0.26% | |
| Price / MAexp20: | +0.31% | |
| Price / MAexp50: | -0.20% | |
| Price / MAexp100: | -2.15% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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