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FLOW Price Analysis: CADENCE Introduction For Digital Assets

  • The 24 hours trading volume of the token is 465,816,738 and the gain of 38.33% was seen. The live price of FLOW is $18.98
  • The token has shown the pattern of the evening doji star.
  • The RSI oscillator for FLOW shows the NEUTRAL action.

The FLOW has been running well above its 200 days moving average and also above its 50 days moving average. The chart above shows the movement of the token with respect to SMA-20, SMA-50, and SMA-200. The token was unable to touch SMA-200 but SMA-50 was achievable at times in the month of June but since it has crossed the other two SMA’s now, the high in the market is 20.437. The trendline marked in the chart shows the movement of SMA-20 above SMA-50 and 200 and so the returns are increasing. The circle shown on the chart has the relevance of ‘appropriate time to buy the token’. Those who have bought the token in this period must have seen returns over 40%. 

An RSI oscillator is also present in the chart which shows the proper time to buy or sell the token. RSI for the last 5 hours shows the value of 57.340 and marks the buy action. MA-5, MA-10, and MA-20 show the buy action as well. However, the FLOW at present is all set to buy but if you have attained decent returns then sell it. 

The bull/bear power has the value of 1.0325 and shows the buy action. The high/low marks the buy action with the value of 0.0375.

FLOW: CADENCE: Language for digital assets

Cadence is the first resource-oriented language for programming a smart contract today. This will set new standards in settings, security, readability, and composability. 

The FLOW-BTC pair is trailing at the level of 0.0005904 and the low of 2.56% was seen whereas the FLOW-ETH pair is trailing at the level of 0.009684 and the loss by 3.49% was seen in the last 24 hours. The token has shown the percentage change by 4.66% since yesterday’s open.

The volume/market cap of the token is 0.4857 and its market dominance is 0.07%.

Conclusion: The day’s range for the coin is 17.2500-20.6170 and presently is at 18.5413. The token is expected to show a rise in the coming time and if you wish to purchase this token then long it but the tenure would be short term as SMA-20 is above SMA-50 and 200. If you have already purchased the token then sell it if you have attained decent returns.

Technical Instruments:

Pivot: 18.3227

R-1: 19.0482

R-2: 19.4963

S-1: 17.5972

S-2: 17.1491

(Note- The unit is USD)