🔸Signal Info: Filecoin Rank: #36 Exchange: Binance Direction: LONG
🔸Analysis: Lets take a look at Filecoin. This is a USD pair, we see the big cup formation forming after the big dump on December 21st. There has already been one wild rally off a new low. The coin is rounding out the way we like. Another point I love to see is the way the price deviates upwads making a steeper bottom side trend line.
🔸Indicators: Price is in contact with 50ema coming down to test on our entry zone. EMA 100 could resist but I doubt that, Im seeing it get through this cup and recover this price rapidly. PXI crossover on this timeframe is in sync with the trend line change. DMI bellow signals that the broader patten could be shifting long already, which is what we want to see. Purple ADX line is about to cross mid way. Many conditions here give strength to this position.