FLOW - FLOW/USDT - Daily - Technical analysis published on 03/05/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
11%
50%
My opinion
Bearish under 6.59 USDT
My targets
5.21 USDT (-12.14%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on FLOW - DAPPER LABS - FLOW/USDT as long as the price remains well below 6.59 USDT. The sellers' bearish objective is set at 5.21 USDT. A bearish break of this support would revive the bearish momentum. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
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
5.2
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Additional analysis
Quotes
The FLOW - DAPPER LABS - FLOW/USDT price is 5.93 USDT. The price has increased by +5.33% since the last closing and was between 5.50 USDT and 5.97 USDT. This implies that the price is at +7.82% from its lowest and at -0.67% from its highest.5.50
5.97
5.93
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:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this Daily chart of FLOW - DAPPER LABS - FLOW/USDT indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 5.21 | 5.93 | 8.35 | 15.07 | 21.29 |
| Change (%) | -12.14% | - | +40.81% | +154.13% | +259.02% |
| Change | -0.72 | - | +2.42 | +9.14 | +15.36 |
| Level | Major | - | Minor | Intermediate | 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 | 4.80 | 5.21 | 5.42 | 5.83 | 6.04 | 6.45 | 6.66 |
| Camarilla | 5.46 | 5.52 | 5.57 | 5.63 | 5.69 | 5.74 | 5.80 |
| Woodie | 4.70 | 5.16 | 5.32 | 5.78 | 5.94 | 6.40 | 6.56 |
| Fibonacci | 5.21 | 5.45 | 5.59 | 5.83 | 6.07 | 6.21 | 6.45 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.24 | 3.94 | 4.82 | 5.52 | 6.40 | 7.10 | 7.98 |
| Camarilla | 5.27 | 5.41 | 5.56 | 5.70 | 5.85 | 5.99 | 6.14 |
| Woodie | 3.33 | 3.99 | 4.91 | 5.57 | 6.49 | 7.15 | 8.07 |
| Fibonacci | 3.94 | 4.54 | 4.92 | 5.52 | 6.12 | 6.50 | 7.10 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.28 | 2.46 | 4.41 | 6.59 | 8.54 | 10.72 | 12.67 |
| Camarilla | 5.22 | 5.60 | 5.98 | 6.36 | 6.74 | 7.12 | 7.50 |
| Woodie | 0.17 | 2.40 | 4.30 | 6.53 | 8.43 | 10.66 | 12.56 |
| Fibonacci | 2.46 | 4.04 | 5.01 | 6.59 | 8.17 | 9.14 | 10.72 |
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): | 46.38 | |
| MACD (12,26,9): | -0.2100 | |
| Directional Movement: | -6.84 | |
| AROON (14): | 35.72 | |
| DEMA (21): | 5.85 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.20 | |
| Elder Ray (13): | -0.31 | |
| Super Trend (3,10): | 7.14 | |
| Zig ZAG (10): | 5.91 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 55.54 | |
| TEMA (21): | 5.87 | |
| Williams %R (14): | -42.17 | |
| Chande Momentum Oscillator (20): | 0.70 | |
| Repulse (5,40,3): | -2.1500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.5100 | |
| Courbe Coppock: | 11.03 |
| MA7: | 6.11 | |
| MA20: | 6.11 | |
| MA50: | 6.39 | |
| MA100: | 7.83 | |
| MAexp7: | 5.98 | |
| MAexp20: | 6.15 | |
| MAexp50: | 6.73 | |
| MAexp100: | 8.24 | |
| Price / MA7: | -2.95% | |
| Price / MA20: | -2.95% | |
| Price / MA50: | -7.20% | |
| Price / MA100: | -24.27% | |
| Price / MAexp7: | -0.84% | |
| Price / MAexp20: | -3.58% | |
| Price / MAexp50: | -11.89% | |
| Price / MAexp100: | -28.03% |
Quotes :
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Real time data
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Cryptocompare
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