Hello everyone, let's take a look at the 1D FLOW to USDT chart as you can see the price has broken out of the downtrend channel.
Let's start by designating support sites that we can consider:
1. $ 2.69
$ 2.38
3. $ 2.16
and
4. $ 1.59
Now let's move on to the resistance that the price has on its way:
1 - $ 3.26
2 - $ 3.82
3 - $ 4.63
4 - $ 5.48
5 - $ 6.68
and
$ 6-8.20
Looking at the CHOP indicator, we can see that in the 1D range the energy was mostly used, and the MACD indicator shows a local upward trend.
Let's start by designating support sites that we can consider:
1. $ 2.69
$ 2.38
3. $ 2.16
and
4. $ 1.59
Now let's move on to the resistance that the price has on its way:
1 - $ 3.26
2 - $ 3.82
3 - $ 4.63
4 - $ 5.48
5 - $ 6.68
and
$ 6-8.20
Looking at the CHOP indicator, we can see that in the 1D range the energy was mostly used, and the MACD indicator shows a local upward trend.