Make-or-brake Situation for Filecoin
Filecoin Price got trapped inside a descending triangle pattern over the daily chart. FIL Coin falters at the verge of descending triangle pattern and tries to sustain.
The token is waiting for bulls to take charge from here for the successful bullish rally. Filecoin has been falling from 18th September 2021 and went into a descending triangle pattern over the daily chart.
This current level could be a great entry point for FIL investors and from current level FIL may hike with a strong uptrend momentum over the daily chart. From now on FIL may witness extreme buying and can approach higher levels making higher-highs.
Technical Indicators suggest no signal at the moment for FIL coin. Relative strength Index forecast neutrality for FIL coin. However, the declining line over the indicator shows that RSI haven’t signalled any strong directional change for Filecoin yet.
MACD exhibits sideways momentum of FIL in a descending triangle pattern. The MACD line is below the signal line and approaching towards it for a positive crossover.
Technical Levels
Support Levels: $17.60 and $15.00
Resistance Levels: $20.00 and $87
The token is waiting for bulls to take charge from here for the successful bullish rally. Filecoin has been falling from 18th September 2021 and went into a descending triangle pattern over the daily chart.
This current level could be a great entry point for FIL investors and from current level FIL may hike with a strong uptrend momentum over the daily chart. From now on FIL may witness extreme buying and can approach higher levels making higher-highs.
Technical Indicators suggest no signal at the moment for FIL coin. Relative strength Index forecast neutrality for FIL coin. However, the declining line over the indicator shows that RSI haven’t signalled any strong directional change for Filecoin yet.
MACD exhibits sideways momentum of FIL in a descending triangle pattern. The MACD line is below the signal line and approaching towards it for a positive crossover.
Technical Levels
Support Levels: $17.60 and $15.00
Resistance Levels: $20.00 and $87
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