Flow/USD price rose in latest intraday trading, as it tries to recoup some recent losses, amid the dominance of the main downward trend in the short term, while the Stochastic reached overbought levels, sending out negative signals, as the price bumped into the resistance of the 50-day SMA, doubling negative pressures.
Therefore we expect the price to return lower, targeting the support of $0.30, provided the resistance of $0.44 holds on.
Today’s price forecast: Bearish
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