Technical Watch: Buy Acceleration on $FLOW
The Hour candle closed with clear momentum:
- Price: 0.02873
- Change: +5.24%
- Price Momentum Strength: 4.9x higher than usual
- Trading Activity: 4.4x higher than usual
- RSI: 82.8
- Confirmed breakout above the highest point of the last 20 candles
• On the 1H timeframe: Price is above the EMA 20, 50, and 200.
Analysis of Higher Timeframes:
• 4H: 🟠 Mixed — the last close is above EMA20, but below EMA50/200. The current candle is attempting to break upward through EMA50/200; we are waiting for a close above it for confirmation. Closest to the price: EMA200.
• 1D: 🔴 Bearish — the last close is below EMA20/50/200; staying below them supports the bearish trend. The current candle is attempting to break above EMA20/50; we are waiting for a close above it for confirmation.
Technical Summary:
• 1H: 🟢 Strong and confirmed bullish
• 4H: 🟠 Mixed
• 1D: 🔴 Bearish
Fish Hunter
Notice: This report is for personal follow-up purposes only. Open the coin across more than one timeframe and determine its direction based on your own view, then place your trade. Good luck to everyone
Follow our account for more opportunities to capture
$FLOW
#FLOW #BinanceSquare #CryptoTrading
The Hour candle closed with clear momentum:
- Price: 0.02873
- Change: +5.24%
- Price Momentum Strength: 4.9x higher than usual
- Trading Activity: 4.4x higher than usual
- RSI: 82.8
- Confirmed breakout above the highest point of the last 20 candles
• On the 1H timeframe: Price is above the EMA 20, 50, and 200.
Analysis of Higher Timeframes:
• 4H: 🟠 Mixed — the last close is above EMA20, but below EMA50/200. The current candle is attempting to break upward through EMA50/200; we are waiting for a close above it for confirmation. Closest to the price: EMA200.
• 1D: 🔴 Bearish — the last close is below EMA20/50/200; staying below them supports the bearish trend. The current candle is attempting to break above EMA20/50; we are waiting for a close above it for confirmation.
Technical Summary:
• 1H: 🟢 Strong and confirmed bullish
• 4H: 🟠 Mixed
• 1D: 🔴 Bearish
Fish Hunter
Notice: This report is for personal follow-up purposes only. Open the coin across more than one timeframe and determine its direction based on your own view, then place your trade. Good luck to everyone
Follow our account for more opportunities to capture
$FLOW
#FLOW #BinanceSquare #CryptoTrading