FLOW - FLOW/USDT

- USDT (-)

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Type:	Cryptocurrencies
Ticker:	FLOWUSDT
ISIN:

FLOW - FLOW/USDT - Daily - Technical analysis published on 02/06/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

67%

33%

My opinion

Bearish under 8.16 USDT

My targets

6.87 USDT (-1.15%)

5.76 USDT (-17.08%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on FLOW - DAPPER LABS - FLOW/USDT. As long as you are under the resistance located at 8.16 USDT, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 6.87 USDT would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 5.76 USDT as an objective. Crossing it would then enable sellers to target 4.85 USDT. If the resistance 8.16 USDT were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

1.1

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by finacian. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The FLOW - DAPPER LABS - FLOW/USDT rating is 6.95 USDT. The price has increased by +5.14% since the last closing and was traded between 6.61 USDT and 7.16 USDT over the period. The price is currently at +5.14% from its lowest and -2.93% from its highest.

6.61

7.16

6.95

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

Here is a more detailed summary of the historical variations registered by FLOW - DAPPER LABS - FLOW/USDT:

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of FLOW - DAPPER LABS - FLOW/USDT in Daily shows an overall bearish trend. 75.00% 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 several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Ichimoku - Bullish crossover : Tenkan & Kijun

Type : Bullish

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	4.85	6.95	9.38	15.07	23.84
Change (%)	-30.22%	-	+34.96%	+116.83%	+243.02%
Change	-2.10	-	+2.43	+8.12	+16.89
Level	Intermediate	-	Minor	Minor	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5.99	6.18	6.40	6.59	6.81	7.00	7.22
Camarilla	6.50	6.54	6.57	6.61	6.65	6.69	6.72
Woodie	6.00	6.19	6.41	6.60	6.82	7.01	7.23
Fibonacci	6.18	6.34	6.44	6.59	6.75	6.85	7.00

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4.14	4.92	5.76	6.54	7.38	8.16	9.00
Camarilla	6.17	6.31	6.46	6.61	6.76	6.91	7.06
Woodie	4.18	4.94	5.80	6.56	7.42	8.18	9.04
Fibonacci	4.92	5.54	5.92	6.54	7.16	7.54	8.16

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.84	1.74	4.29	6.87	9.42	12.00	14.55
Camarilla	5.43	5.90	6.37	6.84	7.31	7.78	8.25
Woodie	-0.86	1.73	4.28	6.86	9.41	11.99	14.54
Fibonacci	1.74	3.70	4.91	6.87	8.83	10.04	12.00

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	53.23
MACD (12,26,9):	-0.2500
Directional Movement:	3.57
AROON (14):	42.86
DEMA (21):	6.01
Parabolic SAR (0,02-0,02-0,2):	5.45
Elder Ray (13):	0.51
Super Trend (3,10):	4.94
Zig ZAG (10):	6.92
VORTEX (21):	0.9400
Stochastique (14,3,5):	78.38
TEMA (21):	6.35
Williams %R (14):	-13.11
Chande Momentum Oscillator (20):	2.02
Repulse (5,40,3):	7.6500
ROCnROLL:	-1
TRIX (15,9):	-0.9900
Courbe Coppock:	29.71

MA7:	6.51
MA20:	6.06
MA50:	7.47
MA100:	9.69
MAexp7:	6.49
MAexp20:	6.47
MAexp50:	7.53
MAexp100:	9.47
Price / MA7:	+6.76%
Price / MA20:	+14.69%
Price / MA50:	-6.96%
Price / MA100:	-28.28%
Price / MAexp7:	+7.09%
Price / MAexp20:	+7.42%
Price / MAexp50:	-7.70%
Price / MAexp100:	-26.61%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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