Flow is an interesting blockchain platform which was in a downtrend move since the birth! It is evident from the chart that lower lows were made one after another. However, price have recently broke the downtrend line and if one higher high and one higher low occur, we can hope for a reversal. Let's see what happens.
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FLOW broke the minor downtrend too.
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So, after FLOW broke the minor downtrend upward, it went up and made a local high. Then correction started, and FLOW came down. It seems a Head and Shoulders pattern is forming—a big one. If true, that means a major reversal could happen, and FLOW can rise much higher. Let's see what happens.
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So, the head-and-shoulders pattern is completed. FLOW broke the downtrend line and is going up toward the neckline. Let's see what happens.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.