Filecoin on the weekly is coiling.
Multiple weeks of low volatility.
MACD histogram losing bearish pressure.
Bullish cross still active.
Price printed a higher low.
First green candle after 5 weeks.
Volume remains stable.
Downtrend resistance is weakening.
Break above $2.80 opens room to $3.45.
Key resistance remains 50 EMA around $5.
As long as $2.25 holds,
the structure remains bullish-reversal inclined.
Compression leads to expansion.
Watch this zone.
#FIL #CryptoTA #Altcoins #WeeklyChart #TrendReversal #TradingView #FILUSDT
Multiple weeks of low volatility.
MACD histogram losing bearish pressure.
Bullish cross still active.
Price printed a higher low.
First green candle after 5 weeks.
Volume remains stable.
Downtrend resistance is weakening.
Break above $2.80 opens room to $3.45.
Key resistance remains 50 EMA around $5.
As long as $2.25 holds,
the structure remains bullish-reversal inclined.
Compression leads to expansion.
Watch this zone.
#FIL #CryptoTA #Altcoins #WeeklyChart #TrendReversal #TradingView #FILUSDT
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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.