FLOW/USDT 4H

7 בדצמ׳ 2021

FLOW/USDT is currently in a HTF downtrend as price reaches the end of a HTF falling wedge and may be printing a possible inv. head and shoulders pattern on the 4H TF. We are looking for the formation of a trend reversal pattern that would allow price to test overhead resistance near the 0.786 fib level at 11.51. A close above this level would be needed to negate a bearish retest. If this level is broken above, a pattern breakout and confirmed close would be needed to flip to a bullish sentiment.