FTX:FILPERP   Filecoin Perpetual Futures
Filecoin is looking good, after having consolidated a bit after its recent 30% breakout. Bitcoin is going sideways and, while it will probably break out (up or down, I really don't know) in the next few days, Filecoin itself looks strong and potentially set up for another leg to the upside.

This reading is based on the 55 hour EMA , which Filecoin was dancing around, briefly lost and then quickly regained. We are now seeing the start of a higher low construction on very low timeframe, and we can at least predict a retest of the local high around $97 -- a +8% trade if nothing else.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.