TheCryptagon

FILUSD on a Resistance. Huge liquidity zone below.

Long
FILECOIN - FILUSD crossed above the MA50 1W and hit Resistance A (9.52500). There is a huge Liquidity Zone, which offered Demand during the Jan/ Feb consolidation and Supply before the market bottomed out. As you see most of the volatility of the past 8 months is seen inside this zone.

With the Golden Cross 1D only 1 or 2 days ahead, such a pullback will be a great buy opportunity. Pullback or not, the Filecoin targets now Resistance B (11.3850) and Resistance C (16.000) within a 3 month horizon.


Follow us, like the idea and leave a comment below!!

TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!

🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰

TELEGRAM: t.me/thecryptagon
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.