It has been chaotic for the FIL coin stans, I not sure what do they call them :D. Will this be the bottom or the base before the ALT season? I don't think FIL will reach its ATH soon, maybe a decade?
On the weekly timeframe, we are seeing an inverse head and shoulders pattern inside a falling wedge. If the price breaks out the upside, a huge gap could be filled and we might see the price coming back to 11 this year on conservative poin of view. Keep in mind the Fil coin has its unique utility for decentralized storage and through out the years we are seeing an influx of memory usage. Remember the time when 16mb was a huge thing ? What about having it decentralized and on a blockchain ?
What do you guys think ? Is it possible to even get back at 50-70s?
Cheers,
cjustgold
On the weekly timeframe, we are seeing an inverse head and shoulders pattern inside a falling wedge. If the price breaks out the upside, a huge gap could be filled and we might see the price coming back to 11 this year on conservative poin of view. Keep in mind the Fil coin has its unique utility for decentralized storage and through out the years we are seeing an influx of memory usage. Remember the time when 16mb was a huge thing ? What about having it decentralized and on a blockchain ?
What do you guys think ? Is it possible to even get back at 50-70s?
Cheers,
cjustgold
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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.