FLOW Technical Analysis: Will FLOW Prices Shoot Above $2.15?

FLOW prices reverse from the support trendline to form a double bottom pattern with a neckline at the overhead resistance of $2.15. The FLOW prices restart the uptrend with a double bottom reversal from the $1.39 mark resulting in a 20% jump exceeding $1.50 to touch the neckline at $1.66. Furthermore, the triple white soldier pattern in the daily chart shows a promising recovery in FLOW market value that will continue in the coming week. However, the recovery rally faces opposition from the 50-day EMA, which may keep the bullish growth in check. Key Points: The FLOW price action showcases a double-bottom reversal. The bullish reversal may shortly reach the psychological mark of $2. The intraday trading volume in FLOW is $64.09 million. Source – TradingView FLOW Technical Analysis The FLOW price shows a long-coming support trend line in the daily chart cushioning multiple downfalls along the way. Recently the support trendline helped the market value contain the 45% fall during August, leading to a double bottom pattern. The price action projects the possibility of an ascending triangle pattern with the overhead resistance of the $2.15 mark. Furthermore, the increased buying pressure supporting the bullish reversal increases the bulrush breakout possibility. However, the higher price rejection from the 50-day SMA close to the $2.15 mark reflects the possibility of a reversal within the ascending triangle. The $2.15 mark also ac...