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Technical analysis by mister_dukester about Symbol FIL: Buy recommendation (12/8/2024)

https://sahmeto.com/message/3045941
mister_dukester
mister_dukester
Rank: 5582
1.6
Buy،Technical،mister_dukester

Filecoin targeted the golden pocket and got rejected. after the big move upwards it respected the trendline multiple times and now comes closer to touching it again. slightly bellow the trendline the 50% fib would be a possible support level to bounce off of.if that doesn't hole I see FILUSDT fall towards the VAH since within this current uptrend there isn't much volume above that. Given the altcoin season sentiment I think filecoin will bounce either on the trendline or the 50% fib and moves towards 78.6% fib in the short/mid termFilecoin, just as the other coins, fell through the established trendlines but found support at an specific indicator. here it was also the POC (just as with DOT). now a new trendline/support needs to be greated. possibly directly the POC but we'll see. will monitor it in the next days to come.

Translated from: English
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Signal Type: Buy
Time Frame:
1 day
Price at Publish Time:
$7.74
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