Technical analysis by FxPro about Symbol FIL: Sell recommendation (6 hour ago)

- Filecoin reversed from resistance area - Likely to fall to support level 2.0000 Filecoin cryptocurrency recently reversed from the resistance area between the resistance levels 4.000, 3.465 (former monthly high from March), upper daily Bollinger Band and the 38.2% Fibonacci correction of the downtrend from December. The downward reversal from this resistance area stopped the previous short-term correction ii from June. Given the clear daily downtrend, Filecoin cryptocurrency can be expected to fall to the next round support level 2.0000.