Technical analysis by Mete83 about Symbol FLOW: Buy recommendation (9/13/2024)

In this graph, we see the general price movement with the technical indicators during the daily time period of the Flow (Flow/USD) parity. We can make comments about the indicators used in the graph and the existing formation as follows: ### Technical Indicators: 1. ** RSI (14) **: The relative power index is currently at 52.09, which points to a neutral region. When the RSI usually falls below 30, it is accepted in the over -selling zone, in the overpass area when it increases above 70. For now, RSI is neither over -selling nor over -purchase, but there is a slight acceleration up to the up. 2. ** Stochastic RSI (14,14,3,3) **: Stockastic RSI increased from excessive sales zone (20) and increased to 87.50. This may be a sign of a short -term recovery. However, as it approaches excessive purchase levels, care needs to be taken, a withdrawal from these levels may be seen. 3. ** Momentum (10) **: The momentum indicator follows a very horizontal and neutral course, which shows that there is no serious acceleration at the price.4. ** CCI (20) **: Commodity Channel Index (CCI) at 48.74 level. CCI gives excessive sale when it goes below -100, when it rises above +100. At the moment, it does not give a significant trend signal at the neutral level.5. ** Fisher Transform (9) **: Fisher Transform Indicator showed a movement at 0.1490. This indicates that the price can give a upward turn signal.6. ** MFI (14) **: Money Flow Index (MFI) shows that the money flow is balanced at 53.85 levels. The MFI is usually accepted in excessive sale below 20 and over 80 over 80. However, price movements seem to be stuck in a very horizontal band. In long -term, we can say that the support level is around 0.55. If there is a decrease below this level, a larger sales pressure may come. This indicates that there is an uncertainty at the decision phase. Although RSI and stochastic RSI signals a recovery signal, care may need to be careful as it approaches the overstimbing area of ​​the stochastic RSI. Therefore, for now, you should not be hasty for purchasing. Before the investment is made, it should be taken into consideration whether the price will maintain 0.55 support and a clearer purchase signal supported by indicators can be expected. However, the Stop-Loss level must be placed below 0.55.