Welcome to this analysis about Filecoin, we are looking at the 4-hour timeframe perspectives. As Filecoin in recent times has shown up with bearishness to the downside testing several supports in the structure it formed reversal attempts that did not yet fully converted into a sufficient reversal with continuations. However, as Filecoin now forms this major...
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(FILUSD 1W chart)
We need to see if we can get support from 134.1182676-148.3290873 and break off the downtrend line.
If it falls...
FIL is currently trading between the support zone of $124 and resistance of $171. If it can break the resistance at $171, we could start seeing a move towards $200, $224, $248, $281 and $324. Failure to hold the support at $124 could lead to a drop towards $90.
Filecoin price traded at $156 with a gain of 3.21% in the last 24-hour and 18.08% up in the weekly time-frame. Furthermore, FIL bounced back from the support of $131.50. In contrast, the market capitalization stands at $3.26 billion. Technically, investors can perceive a positive crossover in the EMA, and the price is above the EMA-20. RSI index showcases an...
After a recent run-up, filecoin is exhibiting a near perfect bull flag pennant. Set your stop loss at previous support and wait for this baby to break resistance. Hopefully this will give you a nice 1:5 run.
Why did the trader cross the road..... to get to the other line
Why do short-sell traders make crappy house builders. Because they always want to...
by setting the trend lines of the fib tools to fit as parabolical rejection and support channel paths yet still keeping the high and low touch points the same as plotted in the chart we can see the fib tools can not only show support and rejection levels but also harmonic patterns when adjusted as described in the beginning. Fil, bumpy road but generally bullish...