Filecoin is severely oversold, especially when considering their progress developing the network and its relationships. Technicals suggest that price action may go lower however at the current level it's a solid place to take a long position. FIL price has formed a double bottom at $16.75 and $17.10. It may retest again to create a triple bottom which would...
FIL/BTC has broken out of the longest term downtrend resistance. From current price it's 112% to the daily 200MA, 162% to the low end of the resistance zone and 257% to the top of the resistance zone. FIL/BTC did create the lowest low so I fully expect a lower high which is demonstrated by FIL/USD targets that are less than 50% of FIL's ATH.
