FLOWUSD is crossing today over both the giant Falling Wedge pattern that started at the beginning of 2023 and the 4hour MA200, which has been a Resistance since July 24th.
It is easy to understand that this is a major bullish development for the long term trend. The short term Resistance that is left is the 1day MA50 and that is only $3 away.
As you see we've split the analysis into two charts the 4hour (left) and the 1day (right). Both have the next common bullish benchmark at 0.63500, on the 4hour that's the 0.618 Fibonacci from the July 3rd top and on the 1day it is an estimated contact course with the 1day MA200, the major Resistance October 5th 2021! This can be used as the target.
50% buy can be entered now and the other 50% after a 1day candle close over the 1day MA50. Target 0.63500.
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It is easy to understand that this is a major bullish development for the long term trend. The short term Resistance that is left is the 1day MA50 and that is only $3 away.
As you see we've split the analysis into two charts the 4hour (left) and the 1day (right). Both have the next common bullish benchmark at 0.63500, on the 4hour that's the 0.618 Fibonacci from the July 3rd top and on the 1day it is an estimated contact course with the 1day MA200, the major Resistance October 5th 2021! This can be used as the target.
50% buy can be entered now and the other 50% after a 1day candle close over the 1day MA50. Target 0.63500.
Follow us, like the idea and leave a comment below!!
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