FIL / BTC - Broke out of Daily Falling Wedges (Twice)
Filecoin was in a giant falling wedge on the daily, we broke out, never reached min target, but also never broke back down into the old wedge when re-testing. Instead, we've rode the top of the wedge we broke out of, bouncing off of it and creating yet another falling wedge above the original structure. Now, we've broken out of the upper falling wedge.
Let's see if we get back on track for our original min target (1 target line in white left of the other two), and I've indicated the newer falling wedge min target and TP 2 on the chart (2 target lines in white on the right side)
Alternatively, get below the green box and we could see more down, until then I expect that to be our support area before moving up.
Let's see if we get back on track for our original min target (1 target line in white left of the other two), and I've indicated the newer falling wedge min target and TP 2 on the chart (2 target lines in white on the right side)
Alternatively, get below the green box and we could see more down, until then I expect that to be our support area before moving up.
Comment:
Still at support within the green box. Also seeing a bull div on daily RSI and MACD:
