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Filecoin (FIL) Possible Short Squeeze Incoming....25-90% Upside
FIL / TetherUS
Long
Filecoin (FIL) Possible Short Squeeze Incoming....25-90% Upside
By janor123
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Sep 26, 2021
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Sep 26, 2021
Filecoin looks set for a massive bounce for the following reasons:
1.) Recent overly exaggerated downside move due to China FUD, and usually this sort of fundamental FUD is followed by strong bounce.
2.) Upcoming Filecoin Launchpad Demo Day around the corner on 9/28 could be the fundamental boost needed to help Filecoin recover sentiment.
3.) Filecoin has been one of the most sold off coins the past 6M, 1M, and 1W (-65%, -32%, and -25% respectively)
4.) FILUSDSHORTS approaching recent highs, due for short covering / thereby increasing buy pressure.
Here I present 3 fractals which are based on the recoveries from similar capitulations in the past.
Bitcoin (Cryptocurrency)
Chart Patterns
Cryptocurrency
filecoin
FILUSD
FILUSDT
Fundamental Analysis
Technical Indicators
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moon
janor123
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