The FIL may be going down in short term before going up again.
The RSI < 50
The MACD is about to cross over.
The FIL has been rejected from previous resistance.
Due to the rejection, it has form Low High. It has entered FIB 0.236
we may expect and high low before it is able to go up again.
This may be invalid if it breaks the FIB 0.236
You may take profit until...
On a Daily chart, FIL appears to be channeling down (semi-channeling) towards a historic Support all the way from the year 2020. I'm not counting on FIL to reach the Support, I'm more interested with what happens to RSI and MACD. Historically, whenever FIL's RSI dipped below 30 on a Daily chart, the price recovered at least 50% rather quickly. This can be observed...
this thing looks pretty bullish imo, and if btc does start moving up from here, we may be able to see some handsome returns down the road.
we're in pretty risky times though, so i can't recommend taking any leverage trades or anything. spot is the way, with a decent stop loss.
i have recently learned, that it is never about the reward that we might be able to...
Filecoin is looking good, after having consolidated a bit after its recent 30% breakout. Bitcoin is going sideways and, while it will probably break out (up or down, I really don't know) in the next few days, Filecoin itself looks strong and potentially set up for another leg to the upside.
This reading is based on the 55 hour EMA, which Filecoin was dancing...
Bitcoin has corrected, and it has corrected with strong buying coming in across the market to prevent a hard dump. This is great news for the whole crypto space, and potentially for altcoins in particular: a gently correcting Bitcoin within a larger uptrend is the perfect environment in which altcoins have tended to run in the past.
So Filecoin has retraced into...
Based on fundamentals and recent shilling, I expect Filecoin to have a lot of potential. But for now we have broken the market structure and are likely to head down toward $35. From there I will look at swing positions -- but for now the market looks like it needs to cool off unless Bitcoin pulls a rather large rabbit out of its hat.