P_S_trade

FIL - 4h. Are buyers planning up to $238 again?

BINANCE:FILUSDT   FIL / TetherUS
The recent vertical rise in the FIL price began its correction after the test $238. This mark worked as an indicator for the beginning of active sales in the FILUSDT market. In a previous idea, we wrote that the global FIL price correction could last up to $93.


However, seeing how briskly buyers are trying to keep their trend and continue to grow without a protracted correction - we decided to update our scenario.

At the moment, buyers have managed to stop the fall in prices and consolidate above the range of $132-137. This range was able to stop for 3 days a powerful wave of growth, which buyers carried out at increased volumes:

Touching the range of $132-137 on small volumes on April 7, sellers showed a lack of strength to continue to put pressure on the price. Re-testing the mark of $160 at low volumes will give buyers confidence and increase their chances of breaking the range of $184-194.

The importance of this range is clearly visible in the 15-minute timeframe. The first local wave of FIL fall stopped in this range. Only after two retests of $ 184-194 from below sellers were able to continue to lower the price of FIL with a final target of $135.55:

Successful fixing of the price over the liquid zone of $184-194 will provide buyers with a second test of the historical maximum at $238.

An alternative scenario will take effect if the $ 160 mark is broken. In this case, sellers will have every chance not to stop in the range of $ 132-137 and update the local minimum with the first stop of $119. At the moment, the best option is to wait for either the test $160 or the FIL price fixation above $194.
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Comments

good plan bro
+1 Reply
P_S_trade YMGroup
@YMGroup, let's see) thanks)
Reply
Looking good, thanks
+1 Reply
P_S_trade AtlasTrades
@AtlasTrades, thanks and good luck dear!
Reply
Beautiful setup mate. Thank you!
+1 Reply
P_S_trade KlejdiCuni
Reply
Great analysis!!!
+1 Reply
P_S_trade Henry_Ross
@Henry_Ross, thank you very mach
Reply
detail analysis thx :)
+1 Reply
P_S_trade jojofang0901
@jojofang0901, thank you too
Reply
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