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theCrypster
Feb 27, 2023 8:38 PM

#FILUSD - A Bumpy Ride Down with Multiple SR Levels Short

Filecoin / U. S. DollarKraken

Description

Price is currently caught between multiple levels of support and resistance with #FILECOIN.

After a steady bull move up to around $8.5 we've received a sell signal from Crypto Tipster v2.

We could be seeing the price decline to $5.2 or even further.


What Do You Think?

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Ideas by theCrypster meet the guidance notes and disclaimer as mentioned below and within our website. See Signature for more info! ✌️

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Crypto Tipster v2
theCrypster
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Comment

We said it'd be a bumpy ride down! After breaking 2 levels of support we returned to break above one only to see a large red bar down again! Phew..

Currently an open profit with this trade and we'd keep it open for now, move your SL to break even and expect more volatility!
Comments
maximus_1942
I think it is going to 20 usdt in the next 3 weeks
theCrypster
@maximus_1942, That would be a mega move upward! If the price moves up and breaks resistance @ $9.5 then around $20 is the next proper resistance 👍
SwallowPremium
Wow, your technical analysis is awesome man, thanks for the post!
theCrypster
@SwallowPremium, You're welcome, cheers guys!
MarsSignals
amazing tips
theCrypster
@MarsSignals, Thank you ✌️
simpsonepic1a
My trading app says 6.3-7 is support after a break out next stop 11.67.
theCrypster
@simpsonepic1a, $6.3 - $7 is most definitely support 👍 but is it strong enough to maintain the price above, that is the question! 🤔
simpsonepic1a
Sorry yes i see all your charts a shorts.
theCrypster
@simpsonepic1a, Most of our recent Ideas have been shorts when you look at our profile. Lots of these are updates from Ideas posted earlier in the year rather than fresh/up-to-date shorts though 😉
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