FLOW Technical Analysis: Recharged Bullish Trend Soon To Reach $2

FLOW prices showcase a bullish reversal rally from the $1.25 mark inflating the market value by 40% in the last ten days. Key technical points: The FLOW market price has increased by 4.04% over the past 24 hours. The price action shows the bullish reversal rally re-entering the falling channel. The 24-hour trading volume of Flow is $34.87 Million, indicating a hike of 32%. Past Performance of FLOW FLOW price action shows the bearish breakout rally of the falling channel pattern reaching the low of $1.25 on June 19th. However, the bulls quickly overtook the retest rally control to exceed the broken support trendline and potentially surpass the resistance trendline. The reversal rally accounts for a price jump of 40% over the past ten days. Source- Tradingview FLOW Technical Analysis FLOW price action showcases a retest of the $1.65 breakout and prepares a morning star pattern formation. However, the falling trend in the trading volume over the last few days warns of a sideways trend. The DMI indicator shows the DI lines struggling to achieve a bullish crossover as the lines take a sideways turn after a sharp drop in the bearish spread. However, a bullish crossover will increase the resistance trendline breakout possibility. The RSI indicator shows a spike in the underlying bullishness as the slope sharply turns from the oversold boundary to reach the halfway line. Hence, the indicator maintains a bullish point of view. The MACD...