In this Flow technical analysis, we will examine the current price action, trading volume, key levels and indicators for FLOW-BTC. Sure, here are three sentences about Flow cryptocurrency: Flow is a fast and secure blockchain platform that enables developers to build decentralized applications with ease. Its novel consensus algorithm, known as the “Flow Consensus,” ensures lightning-fast transaction speeds and low latency, making it an attractive option for real-time applications. Additionally, Flow’s innovative “State Machine” feature allows for more complex smart contracts and decentralized applications, further expanding its use cases.
Flow Price Overview:
As of October 03, 2023, Flow is trading at approximately 2e-05 BTC. Let’s dive into the detailed price action for FLOW-BTC:
| Metric | Value |
|---|---|
| Open (O) | 2e-05 |
| High (H) | 2e-05 |
| Low (L) | 2e-05 |
| Close (C) | 2e-05 |
| Volume (C) | 937,122.84 |
- Open (O): The opening price for today’s trading session was approximately 2e-05 BTC.
- High (H): Flow reached a daily high of around 2e-05 BTC.
- Low (L): The daily low for FLOW-BTC was approximately 2e-05 BTC.
- Close (C): At the time of analysis, Flow is trading near its daily close of 2e-05 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -1.16% |
| 3D Change (%) | -4.48% |
| 7D Change (%) | -4.26% |
| 30D Change (%) | -2.00% |
| 90D Change (%) | -19.77% |
| YTD Change (%) | -58.91% |
Over the past three days, FLOWBTC has fallen by approximately -4.48%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -4.26%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with FLOWBTC maintaining a downward trend of approximately -2.00%, despite intermittent fluctuations. Examining the last 90 days, FLOWBTC has witnessed substantial fall of approximately -19.77%, reflecting strong long-term confidence. Year-to-date, FLOWBTC has steadily declined by around -58.91%, 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 0.40801.
- Momentum score is -0.01998.
FLOW BTC Technical Analysis
Flow Trading Volume:
The trading volume for Flow (FLOW) over the past 24 hours has been insignificant, with approximately 937,122.84 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 41.50671. 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.
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.
