FileCoin FILUSDT - Elliott wave + Rising wedge- Maybe one more wave to the upside, to finish 5th Elliott wave - very possible
- I think the trend is over and we are looking for a retracement
- We can see a rising wedge forming on the recent move - bearish pattern
- 100% gains in 3 days, i think it is too oversold for a short term
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FILUSD
FileCoin FILUSDT - Elliott wave completed + bearish target- Elliott impulse wave completed with a long wick candle at the end of the trend
- I do not really see a continuation, first we are looking for some kind of correction to the downside
- You can buy 0.618 fib for a short term bounce or double bottom pattern
- You can also profit from this move to the downside by using Futures market
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FileCoin FILUSDT - breaking to the downside, long entry priceNext coin listed on binance, 1day pump and then a huge downtrend. It is a new trick, coins are listed on Binance with very high market capitalization (overpriced).
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FIL/BTC (Bear Breakdown?)💎Technical Analysis Summary💎
BINANCE: FILBTC
-FIL broke its key level of support around 34000s sat
-This is a clear Bearish downtrend confirmation
-If FIL unable to get above the key support level again
-The downside potential targets are 28000-24000s sat area
-Using reverse Fib extension, we will have a support guide below
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