FIL Confirms Reversal!!!!!!
FIL/USDT (1H Chart) Technical Analysis
1. Market Structure & Trend Analysis
The chart indicates higher highs (HH) and higher lows (HL) forming, which is a bullish structure.
A double bottom pattern is visible multiple times, signaling a potential trend reversal.
The price is currently near key support levels (around 3.35-3.36).
2. RSI (Relative Strength Index) – Neutral to Bullish
RSI is at 57.62, which is in a neutral zone (not overbought or oversold).
A move above 60-65 could indicate stronger bullish momentum.
3. Volume Analysis
Volume is relatively low (44.64K), meaning the price needs more buying pressure to push higher.
A volume spike could confirm the breakout.
4. Key Levels to Watch
Support:
3.35-3.36 (Immediate support)
2.97 (Major support & invalidation level)
Resistance:
3.50-3.55 (Short-term resistance)
4.33-4.50 (Major target if breakout occurs)
5. Possible Scenarios
✅ Bullish Case:
If price holds above 3.35 and breaks the recent lower high (LH), it could push towards 4.33-4.50.
Increased volume would confirm this move.
❌ Bearish Case:
If price breaks below 3.35, it may retest the 2.97 support area.
A breakdown below 2.97 would invalidate the bullish setup.
6. Trade Plan Idea (Based on Chart)
📌 Entry: Around 3.35-3.40 if support holds.
🎯 Targets (TP):
TP-1: 3.90
TP-2: 4.33
TP-3: 4.50
🛑 Stop-Loss (SL): Below 2.97 (to avoid deep drawdown).
Conclusion
FIL/USDT is showing bullish signs with higher lows and a double bottom.
A breakout above 3.50 with strong volume could confirm an uptrend.
Watch the 3.35-3.36 support level closely for validation.
1. Market Structure & Trend Analysis
The chart indicates higher highs (HH) and higher lows (HL) forming, which is a bullish structure.
A double bottom pattern is visible multiple times, signaling a potential trend reversal.
The price is currently near key support levels (around 3.35-3.36).
2. RSI (Relative Strength Index) – Neutral to Bullish
RSI is at 57.62, which is in a neutral zone (not overbought or oversold).
A move above 60-65 could indicate stronger bullish momentum.
3. Volume Analysis
Volume is relatively low (44.64K), meaning the price needs more buying pressure to push higher.
A volume spike could confirm the breakout.
4. Key Levels to Watch
Support:
3.35-3.36 (Immediate support)
2.97 (Major support & invalidation level)
Resistance:
3.50-3.55 (Short-term resistance)
4.33-4.50 (Major target if breakout occurs)
5. Possible Scenarios
✅ Bullish Case:
If price holds above 3.35 and breaks the recent lower high (LH), it could push towards 4.33-4.50.
Increased volume would confirm this move.
❌ Bearish Case:
If price breaks below 3.35, it may retest the 2.97 support area.
A breakdown below 2.97 would invalidate the bullish setup.
6. Trade Plan Idea (Based on Chart)
📌 Entry: Around 3.35-3.40 if support holds.
🎯 Targets (TP):
TP-1: 3.90
TP-2: 4.33
TP-3: 4.50
🛑 Stop-Loss (SL): Below 2.97 (to avoid deep drawdown).
Conclusion
FIL/USDT is showing bullish signs with higher lows and a double bottom.
A breakout above 3.50 with strong volume could confirm an uptrend.
Watch the 3.35-3.36 support level closely for validation.
Disclaimer
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.
Disclaimer
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.