FILUSD seems to have found a nice round bottom and curled back up to the 0.236 Fib level. This level acted as nice support during the March rally that pushed FILUSD to $238. However, once support this fib level is now FILUSD primary resistance zone. Shifting our focus to the EMAs, we can see FILUSD consolidating below 0.236 fib and above 100 EMA (orange line) and 200 EMA (red line). Also notice the 20 EMA (solid blue) and 50 EMA (yellow line) trying to cross up on 200EMA, whenever the 50 EMA crosses up on the 200 EMA this is considered by many traders as a Golden Cross.
If FILUSD is able to break above and reclaim 0.236 level as support, the next leg up would be mid 90s range which has acted as resistance many times before.
Thank you guys for checking out this idea on FILUSD. If you find this analysis useful, support with a simple "Like" or "Follow".
Trade carefully and remember these are just ideas, not trading advise.
Trade active
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FILUSD has battled the 0.236 Fib level since our initial post. This key resistance level has now been turned back into support for the time being. Looking at the EMA we see 20 EMA (Blue) crossing up on 100 EMA (Orange) and 50 EMA (yellow) crossing up on 200 EMA (Red), almost like a double "golden cross".
Another important thing to note is how after FILUSD broke through resistance it came back down and tested as support which as of right now seems to be holding.
If FILUSD fails to hold this area, we then look at the 100 EMA (orange) as our next support zone and will re analyze our current position. For now FILUSD those cups!!!
Thank you guys for checking out this idea on FILUSD . If you find this analysis useful, support with a simple "Like" or "Follow".
Trade carefully and remember these are just ideas, not trading advise.
Ok pumped another 20k. Can not loose on profits… HaHa
technicalFalco34230
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As Saïd close to 200 SMA and ready with more funds to buy
technicalFalco34230
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I m 30k in and will pump more when it crosses 200 SMA
technicalFalco34230
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Ok so my friend here we go for another pump back to where we booked profits, target for tonight 95-100, By Friday 125-130
technicalFalco34230
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I have everyone made good profit, now next big thing is XTZ/Tezos. This is going to go very high this month. It will follow the same suite as Solana and LUNA. You could see my views on Solana, Luna, Atom. All met and still going strong…Trust my words and buy Tezos in BULK
jnpTrends
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@technicalFalco34230, ah yes, been meaning to do share my idea with XTZ as well. Thanks friend!
Just watch the movement of FIL since 2 days. It is not giving up like other NFTs or BTC or ETH. This definitely is holding its fort for a big move. I see 100-110$ in a blink of a moment. Just watch out until tonight and You will see big leg up….. Gear up and do not panic, Large investors have put in money and it is not going to go down at all.
jnpTrends
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@technicalFalco34230, nice! yes i agree, this guy is holding its own however, we need to see that solid breakout above the 0.236 fib level and resistance zone to start that nice rally up. I too see $100 to perhaps even $120 as possible targets for this next leg up.
Thanks for sharing your thoughts on this and keep them coming!