As you can see FILUSDT has done its Reaccumulation Phase followed by series of impulsive waves and it has already made the All Time High of 237.38$
According to our Analysis and speculation, there has to be some retracement and price Correction to the lower levels of the Past Bullish wave in order for the crypto pair to regain its Bullish rally Strength for the higher highs Burst.
By using Fibonacci Retracement tool, we can specify some Certain Retracements and Support Levels, where we can expect the Price to fall, and if they Could stand, the Price Shall Bounce back up from them, and if broken then the lower next on the line shall be tested.
According to our experience and Observation of Cryptocurrencies Behavioral Movements, and on the general note, we can consider the 78.6% level (67.55$) of Fibonacci retracement to be the Golden zone for the crypto currencies, as 61.8% level is for other assets such as Forex and Equites as it has shown les Significant Support on the higher Volatile Assets such as Cryptos.
there are few Targets defined by the Fibonacci Expansion of the same Bullish Wave.
the 2 TP (341.8$) will be confirmed if the 50% level (132$) Fibonacci Retracement , Immediate Support Stands and Price could bounce back UP from the same level.
According to our Analysis and speculation, there has to be some retracement and price Correction to the lower levels of the Past Bullish wave in order for the crypto pair to regain its Bullish rally Strength for the higher highs Burst.
By using Fibonacci Retracement tool, we can specify some Certain Retracements and Support Levels, where we can expect the Price to fall, and if they Could stand, the Price Shall Bounce back up from them, and if broken then the lower next on the line shall be tested.
According to our experience and Observation of Cryptocurrencies Behavioral Movements, and on the general note, we can consider the 78.6% level (67.55$) of Fibonacci retracement to be the Golden zone for the crypto currencies, as 61.8% level is for other assets such as Forex and Equites as it has shown les Significant Support on the higher Volatile Assets such as Cryptos.
there are few Targets defined by the Fibonacci Expansion of the same Bullish Wave.
the 2 TP (341.8$) will be confirmed if the 50% level (132$) Fibonacci Retracement , Immediate Support Stands and Price could bounce back UP from the same level.
Trade active:
buying at 35 USD
