2H chart just confirmed a head and shoulders pattern. I've been expecting a strong rally following its 80% correction over the last few months. We've broken out of downtrends on both pairings, BTC and USD. We recently experienced a death cross on the 50/200 daily EMA and MA. The last time this occurred we saw a brief drop in price, followed by the strongest rally filecoin has had to date. I think it's about to happen again.
First, double bottom while re-testing the top of the trendline we broke out of, then rally. This chart is for the double bottom prediction alone, see related ideas in the links below.
First, double bottom while re-testing the top of the trendline we broke out of, then rally. This chart is for the double bottom prediction alone, see related ideas in the links below.
Note
long-term bullish chart below:
Note
Approaching target area of 45-46 dollars, may reach it this week - today is even possible.
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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.