FILECOIN BOTTOM CLOSER THAN EVER!Filecoin is on the cusp of completing a Zigzag ABC correction,
These current levels are buy zones for spot buys
Best Place to go long is Orange Horizontal Support($20)
Top of the Descending trendline is The first target,
0.618- 2nd target,
Hodl the rest till price rejection.
Filecoinbtc
FIL / BTC - Filecoin has Broken out of Macro and Micro TrendsFIL / BTC has broken out of both downtrends, on the micro and macro levels. Both break-outs attempted re-tests unsuccessfully (failed touching the top of the break out area, both times, especially strong on the macro trend break out), making it look strong vs. BTC pairing.
Next resistances are the red boxes, support is green.
Expecting we see at least 0.002 or just below that barring no move below the green box. A break above 0.002 and the micro channel could send us back into the bigger red box. right red box may be a strong stopping / testing area if we get back within it. If we get above that area as well, we can start to think about significantly higher movement.