Get started
janor123

Filecoin (FIL) Possible Short Squeeze Incoming....25-90% Upside

Long
FIL / TetherUS (BINANCE:FILUSDT)  
janor123  
BINANCE:FILUSDT   FIL / TetherUS
Chart Patterns Fundamental Analysis Technical Indicators filecoin FILUSDT FILUSD Cryptocurrency Bitcoin (Cryptocurrency) moon lambo
6
5
chartpattern fundamental indicator filecoin filusdt filusd cryptocurrency bitcoin moon lambo
Filecoin looks set for a massive bounce for the following reasons:

  • 1.) Recent overly exaggerated downside move due to China FUD, and usually this sort of fundamental FUD is followed by strong bounce.
  • 2.) Upcoming Filecoin Launchpad Demo Day around the corner on 9/28 could be the fundamental boost needed to help Filecoin recover sentiment.
  • 3.) Filecoin has been one of the most sold off coins the past 6M, 1M, and 1W (-65%, -32%, and -25% respectively)
  • 4.) FILUSDSHORTS approaching recent highs, due for short covering / thereby increasing buy pressure.

Here I present 3 fractals which are based on the recoveries from similar capitulations in the past.
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.