Here we have a classic reversal sequence. Notice the consolidation pattern (black) that leads to a breakdown (blue), this is normally followed by a trend reversal.
Filecoin (FILBTC) hit bottom and is very likely to turn soon, really soon.
We are seeing all the signals that support this conclusion. A very strong bullish divergence with the RSI, since April 2024. The exact same with the MACD.
We can also see the strong rise in trading volume before the breakdown phase. This also indicates that buyers were anxious to enter the game since early 2024. The breakdown is the market owners taking up liquidity but after this breakdown the potential for a bullish wave strengthens.
We are likely to see FILBTC grow next.
Thank you for reading.
Namaste.
Filecoin (FILBTC) hit bottom and is very likely to turn soon, really soon.
We are seeing all the signals that support this conclusion. A very strong bullish divergence with the RSI, since April 2024. The exact same with the MACD.
We can also see the strong rise in trading volume before the breakdown phase. This also indicates that buyers were anxious to enter the game since early 2024. The breakdown is the market owners taking up liquidity but after this breakdown the potential for a bullish wave strengthens.
We are likely to see FILBTC grow next.
Thank you for reading.
Namaste.
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💥💥💥 Early 2025 Results (NEW)
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🚨 You need PREMIUM trade-numbers to profit from Cryptocurrencies —Best timing & amazing results! 👉 lamatrades.com (Since 2017)
💥💥💥 Early 2025 Results (NEW)
t.me/masteranandatrades/6109
🏆 FREE Trade-Numbers
anandatrades.com
💥💥💥 Early 2025 Results (NEW)
t.me/masteranandatrades/6109
🏆 FREE Trade-Numbers
anandatrades.com
Related publications
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.