What Hints Does Flow Price Structure Have For Ahead?

3 сент.

Over the daily chart, the **FLOW** Chart has shown an impressive surge of over 300% from the last quarter of 2023 to the first quarter of 2024.

Despite the exemplary gains, the price fell due to a rise in sell-offs by profit bookers, leading FLOW price back to the initial demand zone.

The price tried to surge from the demand zone, but the dynamic resistance and extended bear pressure acted as obstacles that interrupted FLOW's further ascent.

Therefore, the eyes are set on a successful upgrade if that works in favor of price. Then the price could rise higher, where the targets would be present near $0.700 and $0.800.

On the contrary, if the breach were to fail, **Flow** would get deflected south again. Then the bears could push it back to $0.500 or further. Also, if it dies and pushes more south, then it could continue its sideways movement and invalidate the bullish theory.