After a couple of days FIL was in a downtrend, the yellow channel. It's broke out and how there is some resistance, the orange drawings. After FIL breaks this resistance (orange) there will probably a retest before it can go (much) higher.
RSI is also lowered a lot, so there's room to go higher imo.
RSI is also lowered a lot, so there's room to go higher imo.
Note
Filecoin is busy/trying to break the resistance. I think this will be the path for the next hours/days:Note
FIL went go down a little bit because the whole crypto market went down.. But the previous downwards channel holds support. I'm still bullish for the long term!Note
FIL broke out to the upside as part of the whole crypto market. Now it seems forming a falling wedge (which is a bullish pattern). Much will depend of the price of BTC Note
After a couple of days of sell pressure it seems FIL(USD) is prepairing to break out of the fallingwedge(-ish) formation. RSI - stuck in the middle > more room for grow
MACD - ending strong sell pressure
Trade active
FIL breakout as analysed in my previous postNote
Update. FILUSD is forming a symmetrical triangle
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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.