Hello. Filecoin(FIL) has been performing rather slow, still -75% from its ATH(All Time High). According to my technical analysis, FIL is ready to catch up to the rest of the crypto market.
FIL has been sitting in a large triangle pattern composed of the yellow and green dashed lines in the chart. Price is currently at the support.
RSI shows some bullish signs: when price made a lower low, RSI made a higher low, forming a bullish divergence. RSI also formed its own triangle pattern. We can say its bullish if RSI breaks the red dashed line.
FIL barely moved when BTC made its own all time high. It's perhaps time FIL moves.
If we have a breakout, we can possibly have a rally to 0.236 Fib or $90 in the first few days
Thank you for reading this post, constructive feedback would be greatly appreciated.
FIL has been sitting in a large triangle pattern composed of the yellow and green dashed lines in the chart. Price is currently at the support.
RSI shows some bullish signs: when price made a lower low, RSI made a higher low, forming a bullish divergence. RSI also formed its own triangle pattern. We can say its bullish if RSI breaks the red dashed line.
FIL barely moved when BTC made its own all time high. It's perhaps time FIL moves.
If we have a breakout, we can possibly have a rally to 0.236 Fib or $90 in the first few days
Thank you for reading this post, constructive feedback would be greatly appreciated.
