Description
⋅ Filecoin on the Weekly Timeframe:
FIL broke out of it's macro downtrend back in October.
It has broken the 20 and 50 Simple Moving Average
It currently has a candle open above the 100 Simple Moving Average
FIL could be a big mover in this bull market, without having to come close to ATH.
This could be a 15x or better to reach the .236 extension.
Not financial advice
Do your own DD
Novice here
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⋅ Here is the close up of the PA pushing through the SMAs
If this candle closes on the weekly above the 100sma, I would look to the 150 and 200sma's next.
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⋅ Fil Daily Chart Update
this is the more accurate support I overlooked. We have confluence in the PA, SMAs, and RSI.
RSI trend got a third touch.
50 SMA acted as support coinciding with the local order block / support.
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