Hi!
FIL/USDT is showing strong recovery signals after forming a clean double bottom pattern right above a major support zone and ascending trendline -> a structure that often marks the end of a bearish phase.
Buyers successfully defended the $0.90 support, while the breakout above short-term resistance and the 100 SMA confirms improving bullish momentum. The recent rebound suggests accumulation is building as price attempts to reclaim higher levels.
If bulls maintain control above the current zone, the next upside targets stand at $1.117, followed by the major resistance near $1.195. A breakout above these levels could trigger a stronger continuation rally in the coming sessions.
As long as FIL holds above trendline support, the bullish reversal scenario remains active and momentum may continue accelerating upward.
FIL/USDT is showing strong recovery signals after forming a clean double bottom pattern right above a major support zone and ascending trendline -> a structure that often marks the end of a bearish phase.
Buyers successfully defended the $0.90 support, while the breakout above short-term resistance and the 100 SMA confirms improving bullish momentum. The recent rebound suggests accumulation is building as price attempts to reclaim higher levels.
If bulls maintain control above the current zone, the next upside targets stand at $1.117, followed by the major resistance near $1.195. A breakout above these levels could trigger a stronger continuation rally in the coming sessions.
As long as FIL holds above trendline support, the bullish reversal scenario remains active and momentum may continue accelerating upward.
Trade active
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🟢 Telegram channel: t.me/melikatrader94
🔴 Forex channel: t.me/melikatrader94GoldForex
🟢 ADX & DFM channel: t.me/ADXandDFM
🔴 Tiktok: tiktok.com/@melikatrader94?is_from_webapp=1&sender_device=pc
🔴 Forex channel: t.me/melikatrader94GoldForex
🟢 ADX & DFM channel: t.me/ADXandDFM
🔴 Tiktok: tiktok.com/@melikatrader94?is_from_webapp=1&sender_device=pc
Related publications
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.
