FIL Retest Over?
Updated
FIL broke out of it's daily time frame downward trend line, and then it touched back down to retest it (so it seems like). If it does not continue below $7.55, this may be the start of a reversal to the upside. So my previous prediction would be invalid.
Note
This FAILED going down to the $6.00 range.Trade active
The failure failed...LOL... The price did indeed hit 7.55...but went even lower to about 7.00...but that extra deep dip was from the CoinBase exchange glitch that spooked the markets. We are now hoovering above $8.00. Note that on 2/29 there was a deep flush out that brought the price down to $7.89. With the growing hype in the market, I think we will see another hight of $11, before another retracement.
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.