💰Curling up before a 70% rally, FLOW💰

💰The cup-and-handle configuration is almost broken, and the flow price is getting closer.

💰An out-of-the-money surge of 70% to $1.44 is predicted by the technical pattern.

💰If the price of the three-day candlestick stays below $0.69, it will establish a new low and render the bullish argument useless.

💰Price action in Flow (FLOW) has remained flat for about 300 days below a key support level. The bullish pattern that FLOW has established throughout its sideways trend indicates that it is ready for a quick ascent.

💰Flow pricing is closing in on a breakthrough soon.
There is a cup and handle pattern in the flow price, which began on April 19, 2023, when it fell below the $0.93 support level and has been trading below it. A minor consolidation level is located below the rounded bottom of this technical formation, which is accompanied by a horizontal resistance level.


💰A rounded bottom was created for the flow price when it consolidated for eight months below $0.93. The handle is the result of the subsequent consolidation, which took the shape of a falling wedge. With the breaking out of the falling wedge, a rebound has begun, and the breakthrough level of $0.93 is quickly approaching.

💰By summing the distance between the horizontal resistance level, the bottom of the rounded bottom, and the breakout point of $0.93, the technical formation predicts a 55% surge to $1.44.

💰Although a good breakthrough is necessary for a bullish view for Flow price, investors should closely monitor $0.93. If this amount of rejection occurs, FLOW might fall to dangerously low levels. If the altcoin's price makes a lower bottom and a three-day candlestick falls below $0.69 under these circumstances, the bullish thesis will be invalidated. In light of this news, the flow price may fall 10% and retest its low of $0.62 from January 1.

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