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FLOW was designed to help the app developers, in providing them a fast and friendly blockchain. FLOW is known for delivering great customer experiences with games like CryptoKitties, Dapper Wallet, and many more. The FLOW technical analysis predicts the price momentum for the next two days:
Past Performance
On May 29, 2021, FLOW started trading at $13.24. As of June 04, 2021, the closing price of FLOW was $14.97. Thus, in the past week, the FLOW price has surged by roughly 13.06%. In the last 24 hours, FLOW has traded between $14.23-$15.48.
https://www.tradingview.com/x/BbpPilTB/
Day Ahead And Tomorrow
Currently, FLOW is trading at $15.54. The price has increased slightly from the opening price of $14.97. Thus, the market looks positive.
The MACD and signal lines have entered the positive range. Plus, a bullish crossover by the signal line over the MACD line has occurred. Thus, the overall market momentum is bullish, and we can expect a surge in price.
The RSI indicator is at 60%. It has just taken support of the 53% mark. Thus, buying pressures are slowly mounting. Hence, we can expect the price to start rising again in a few hours.
In short, when we look at both oscillators, we can say that the price may continue to rise. However, we cannot rule out the possibility of a trend reversal. We have to wait and watch to see if an intermittent price rise is a corrective action or the beginning of a positive trend.
FLOW Technical Analysis
The price is trading above the Fibonacci pivot point of $14.53. As some of the oscillators have shown bullish signals, we can expect the price to increase and test the Fibonacci pivot resistance level of $16.38 soon.
The price has been tested and fallen below the FIB retracement level of $16.118. If the price falls below the FIB extension level of $14.53 after some time, this implies that the price downtrend is strong. In that case, the price downswing is likely to continue tomorrow as well.