Filecoin against Bitcoin is forming a multi-year falling wedge, which is a bullish pattern.
Note
FILBTC on its way to the multi year line of resistance of the falling wedge. Above this line of resistance FILBTC can get wings for much higher pricesNote
FILBTC is nicely holding support and is generating higher lows. Even a symmetrical triangle is forming:Note
A closer look at the 4hrNote
The 'higher lows' isn't the case anymore because the whole crypto market is going lower. But.. I see a falling wedge (bullish) is forming, see the blu-dotted-lines:If it beak-out to the upside the FILBTC will hit the ultimate resistance of the multi-year falling wedge. After it will break the resistance it's able to move seriously higher. But this will take a time I think.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.