Long

Filecoin strong rebound

Updated

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.

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 post

Note

Update. FILUSD is forming a symmetrical triangle

Frosty55

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