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Tolberti
Oct 25, 2020 4:03 PM

FileCoin FILUSDT - Elliott wave completed + bearish target Short

BINANCE:FILUSDT15
FIL / TetherUSBinance

Description

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- Elliott impulse wave completed with a long wick candle at the end of the trend
- I do not really see a continuation, first we are looking for some kind of correction to the downside
- You can buy 0.618 fib for a short term bounce or double bottom pattern
- You can also profit from this move to the downside by using Futures market

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Comment

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Update: RIsing wedge, Elliott wave recalculated

Elliott WaveTrend AnalysisFundamental AnalysisfilecoinFILUSDTFILUSDFILBTCaltcoinscrypto
Comments
DataMonger
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When do you think it'll start going down ?
Tolberti
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@rajkaran93 Any time soon in my opinion. The trend is overbought.
okanaltan
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@Tolberti, r u sure brother?
Tolberti
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@okanaltan yes, if you buy now, you loose money, nice pump but it is too late to jump on this coin
mrb90360
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Any current updates on the recent price action? Is it still looking to go down or more likely up at this point? Thanks and reply vry much appreciated
Tolberti
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@mrb90360, Yes, it is still looking bad to me. 38 USD is a resistance and i do not think it is going any higher
Tolberti
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Post your questions, comments and related ideas about FILUSDT here. I am looking forward to your thoughts.
sriz16
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Nice chart , but moon boys are after 100$ , you’re upto double bottom . Let’s see who’s analysis would this jump into :))
Tolberti
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@sriz16, Thank you for your comment. 100 USD is possible, but we need more time.
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