BEFORE BUYING FILHello trading mates, it's me again.
i took some break for sometime now to clear my head and now i am back with a of momentum, having said that Let's dive in to what i have today.
you might be wondering what is FIL, Filecoin is a decentralized storage system that aims to “store humanity’s most important information. at the time of writing this article the price of FIL to USDT is 19.20 and it has been trapped in an
Ascending Broadening Wedge Chart pattern which is yet to be confirmed. yes for the wedge to be validated, the price need to decline more from 19.20 to 16.31 support line, which should send the price back to the resistance line at 30:700 to 31$.
Note* the falling broadening wage in the making started forming since January 22nd 2022 till date April 24th 2022, which is about 3 months and currently about to test the support once more.
for me i will be longing when it get to the support and shorting for another lower low when it gets to the resistance, i will be considering the market condition thou.
if you are currently bearish maybe you should wait for a clear clear breakout at at 16:500 which is the neck line of the previous lower low.
which ever way trade responsibly.
if you find this helpful, plz like and i would be looking forward to hear your opinion at the comment section.
