The Hourly View for Flow – Dapper Labs

• Currently, FLOW’s price is up $0.06 (0.43%) from the hour prior.
• This is a reversal of the price action on the previous hour, in which price moved down.
• If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
• The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Flow – Dapper Labs’s hourly price chart is shown below.

The Daily View for Flow – Dapper Labs

• Currently, FLOW’s price is up $0.07 (0.5%) from the day prior.
• This is a reversal of the price action on the previous day, in which price moved down.
• As for the trend on the daily timeframe, we see the clearest trend on the 20 day timeframe.
• The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
• Divergence between FLOW’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in FLOW’s price.

Below is a daily price chart of Flow – Dapper Labs.

Featured Flow – Dapper Labs Idea From TradingView

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