Filecoin (FIL) technical analysis:
Trade setup: Bearish breakout from Ascending Triangle, in the direction of existing downtrend, signals further downside risk. Price has now also broke below $4.00 support and the next major support is around $3.00 where it bottomed in June.
Trend: Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance: Nearest Support Zone is $4.00, which it broke, then $2.75. The nearest Resistance Zone is $5.00, then $6.50.
Trade setup: Bearish breakout from Ascending Triangle, in the direction of existing downtrend, signals further downside risk. Price has now also broke below $4.00 support and the next major support is around $3.00 where it bottomed in June.
Trend: Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance: Nearest Support Zone is $4.00, which it broke, then $2.75. The nearest Resistance Zone is $5.00, then $6.50.
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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.