Flow price entered a bullish hammer candle on 17th December.
The Average Directional Index (ADX) is moving up, suggesting a possible sell in the market.
Due to the bullish momentum, sellers covered their short, thus reducing the volume by 70% overnight.
Flow prices disappointed investors during a sharp selloff in the cryptocurrency. Amidst the battle of bulls and bears, the altcoin saw its latest yearly low of $0.717 on 17th December. Uncertainty is present in the market as the biggest cryptocurrency- Bitcoin failed to sustain the monthly high, most of the altcoins turned down.
Buyers have failed to sustain the Flow price at its higher levels, thus speculators follow the sell at higher strategy so far. During the lower-higher trend, the buyers first lost the key support level of $1.4 in November, later they also lost the ideological level of $1.0. All these support levels have turned into upcoming bullish barriers.
Source:FLOW/USDT by Tradingview
Against the USDT, Flow coin is tradi
We współpracy z: https://www.thecoinrepublic.com/2022/12/18/flow-bloodbath-lead-downtrend-to-latest-annual-low-alos-a-positive-indication/
