Filecoin Trend Analytics August 10

FIL fell below many downward channels and statistical supports.

There is no technical strong support and all the short-term supports are brought by BTC ETH.

All short-term supports are not strong enough unless with more funds inflow.

Crucial mid-term resistance: $20.48 (also a turning point)

The price remains in the downward channel3 under mid-term resistance. Only by breaking it up and holding it for 1 week could FIL look for higher moves.

There is a ladder of heavy resistances above. Under the current unstable circumstances, FIL has a long way to go…