unknownpower

FILUSDT - Oversold (Weekly chart!)

Long
BINANCE:FILUSDT   FIL / TetherUS
I will keep this brief:

1) Price has dropped over 98% (!) from ATH

2) RSI is as oversold levels, descending wedge forming

3) The falling wedge drawn

4) It has printed red candles for a consecutive 10 weeks. How much more can it drop?

5D BTC pair chart looking nice too


Can the price drop more? Sure. But after a 98% correction? I am willing to say chances are in favor of upside.

TImeframe: Weeks
Return: Don't know
Leverage: 2-3x if you need to use

Comment: If you want to be extra safe you can wait until the resistance on the BTC pair chart is broken to buy
Comment: Noticed this the other day:

Plus the resistance on the BTC pair is pretty much broken now
Trade active
Trade active:
Comment: Pretty confident that this week's candle on the USDT pair will be a Bullish Engulfing. If true and if you have seen my XCH idea, you would know what is about to come. I will make sure to update this idea once again if such conditions are met. Cheers.
Comment: One BE, however, is already present in the 1W BTC pair...
Trade active
Trade active: BE on 1W USDT pair. Told you it would happen. Expect small pullback before further movement up.
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