FILUSDT since the drop on 2nd April, had formed triple bottom and have successfully crossed the neckline.
Now what we have is a Symmetrical triangle , with the Resistance line (RED) yet to be validated.
Scenario 1 - Mostly FILUSDT should break its Resistance at 194. If it manages to break , then next target should be 203.
Scenario 2- If it is not able to...
Here is another view of the bearish divergence on the 1 hour chart with MACD this time.
Volume: Down (lower highs)
MACD: Down (lower highs)
RSI: Down (lower highs)
Price: Up (higher highs)?
Open your short entries now at current price ($227.00).
Take profit 1: $202
Take profit 2: $180
Take profit 3/long term strategy: $90
Chart shows a bearish divergence.
Lower volume, lower RSI tops, but higher highs with price.
It might pump a little higher but heed my warning, this is going to be a disaster for anyone who buys in. Short the heck out of it!
Take profit at 180 conservatively, or take profit long term at 90-120
The buying momentum of this coin has greatly decreased.
Please refer to the chart for my ideas.
Target : 32-35$
Above is my personal opinion, I do not encourage anyone to follow suit, please manage your money, Good luck!
I am looking at FIL in the USDT pair and in a brief analysis I can see an accumulation area that is beginning to show signs of positive disruption.
After a rally that yielded more than 100% gain in value, this asset started to accumulate again (but as the market is sovereign, it can become a distrinution too). So, looking at the volume, I see a decrease in it,...