After a couple of days FIL was in a downtrend, the yellow channel. It's broke out and how there is some resistance, the orange drawings. After FIL breaks this resistance (orange) there will probably a retest before it can go (much) higher.
RSI is also lowered a lot, so there's room to go higher imo.
RSI is also lowered a lot, so there's room to go higher imo.
Comment:
Filecoin is busy/trying to break the resistance. I think this will be the path for the next hours/days:
Comment:
FIL went go down a little bit because the whole crypto market went down.. But the previous downwards channel holds support. I'm still bullish for the long term!
Comment:
FIL broke out to the upside as part of the whole crypto market. Now it seems forming a falling wedge (which is a bullish pattern). Much will depend of the price of BTC
Comment:
After a couple of days of sell pressure it seems FIL(USD) is prepairing to break out of the fallingwedge(-ish) formation.
RSI - stuck in the middle > more room for grow
MACD - ending strong sell pressure
RSI - stuck in the middle > more room for grow
MACD - ending strong sell pressure
Trade active:
FIL breakout as analysed in my previous post
Comment:
Update. FILUSD is forming a symmetrical triangle