Look Like Bullish Divergence. Stop Loss Below Support
Two green trend lines are for trend channel, this top trend line has respected all the time (from far back till now) So, it is true criteria, It hit the top (upper trend line), time to short then ;) .
Two green trend lines are for trend channel, this top trend line has respected all the time (from far back till now) So, it is true criteria, It hit the top (upper trend line), time to short then ;) .
Two red trend lines are for trend channel, this top trend line has respected all the time (from far back till now) So, it is true criteria, It hit the top (upper trend line), time to short then ;) .
The price has formed a downward corrective channel. The RSI is at the oversold level, signalling the possible completion of the decline soon. We believe that the price will test the 76.4% Fibonacci support level and also decline to the trend support line. We recommend buying from key support levels.
FILUSDT is printing an pennant consolidation chart pattern. Breakout is imminent. Possible price actions indicated.
FIL is accumulating after breaking out of the Falling Wedge pattern and if it does not lose the 30-31$ zone it will rise to the 40$ and even 45$ zone in the next few days. But if it falls out of the 30$ zone it will fall to the 23$ zone 📈BUY- LONG Strategy - Buy: 30-31$. Stoploss if B 📉SELL-SHORT Strategy - Sell: 39-40$. Stoploss if A - Sell: 44-45$. Stoploss if...
FILUSDT brokedown below the descending triangle support as expected from my previous analysis.
FILUSDT brokedown below the uptrend support. The market is printing a descending triangle pattern. Breakdown below the triangle support could be a bearish signal ⬇️. RSI printed a bearish divergence signal. Breakdown below the RSI rectangular pattern support could be a bearish confirmation 🔽.
On your feet, soldier. It's time to short $FILUSDTPERP. FIL = Flimsycoin USDT = United States Dollar Tether PERP = Perpetually To note: www.binance.com OBV (admittedly not the most accurate) shows that it may be possible all the Filecoin bought for staking has already been taken.
After breaking out of the resistance zone at 30-32$, this area is now quite reliable support for FIL. We can buy as close to this zone as possible for the target of 45$ or higher, but there is certainly a strong selling force at 45$ that we need to be wary of. Stoploss below 29$ or short to 25-26$