Minor Correction

FLOW has broken its downward trend line in both weekly and daily timeframes, indicating an upward trend after recent growth. However, encountering resistance has led to a correction. The current bearish candles signify a temporary, minor correction. The blue area is a key support zone, and if the price continues to correct here, a rebound from this support is anticipated.

2/3/20241 min read

FLOW analysis - Breakthrough of downward trend line in weekly and daily timeframes, signaling an upw
FLOW analysis - Breakthrough of downward trend line in weekly and daily timeframes, signaling an upw

In the weekly and daily timeframes, FLOW has broken through its downward trend line after recent growth, signaling an upward trend. However, it encountered resistance and is now undergoing a correction. The current bearish candles represent a temporary, minor correction. The blue area is a key support zone, and if the price continues to correct here, a rebound from this support is expected.