In this Flow technical analysis, we will examine the current price action, trading volume, key levels and indicators for FLOW-BTC. Flow is a decentralized platform that enables the creation and execution of smart contracts, providing a seamless experience for developers and users alike. With its innovative architecture and user-friendly interface, Flow empowers individuals and organizations to build and deploy decentralized applications (dApps) with ease. By leveraging blockchain technology and a modular design, Flow offers a scalable and secure platform for the next generation of web applications.
Flow Price Overview:
As of April 21, 2024, Flow is trading at approximately 1e-05 BTC. Let’s dive into the detailed price action for FLOW-BTC:
| Metric | Value |
|---|---|
| Open (O) | 1e-05 |
| High (H) | 1e-05 |
| Low (L) | 1e-05 |
| Close (C) | 1e-05 |
| Volume (C) | 29,664.75 |
- Open (O): The opening price for today’s trading session was approximately 1e-05 BTC.
- High (H): Flow reached a daily high of around 1e-05 BTC.
- Low (L): The daily low for FLOW-BTC was approximately 1e-05 BTC.
- Close (C): At the time of analysis, Flow is trading near its daily close of 1e-05 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -2.13% |
| 3D Change (%) | 2.82% |
| 7D Change (%) | 0.14% |
| 30D Change (%) | -27.46% |
| 90D Change (%) | -23.73% |
| YTD Change (%) | -34.03% |
Over the past three days, FLOWBTC has risen by approximately 2.82%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 0.14%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with FLOWBTC maintaining a downward trend of approximately -27.46%, despite intermittent fluctuations. Examining the last 90 days, FLOWBTC has witnessed substantial decline of approximately -23.73%, reflecting strong long-term confidence. Year-to-date, FLOWBTC has steadily declined by around -34.03%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Flow Live Chart:
You can access a live price chart for FLOW-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.59897.
- Momentum score is -0.24735.
FLOW BTC Technical Analysis
Flow Trading Volume:
The trading volume for Flow (FLOW) over the past 24 hours has been insignificant, with approximately 29,664.75 BTC traded against FLOW. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): FLOW is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Flow is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for FLOW-BTC is currently in the low zone, around 38.76336. This suggests that Flow is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Flow (FLOW-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
Explore potential downturns for Flow (FLOWBTC) at 1.42e-05 BTC, supported by cautionary indicators and weakened fundamentals, as revealed in technical analysis.
Missing our detailed breakdown on FLOW USDT Flow Technical Analysis would be a lost opportunity if you found value in this post.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.