Filecoin vs Tether Long-Term (Weekly) ChartWhen we look at the weekly chart for FILUSDT (Filecoin), everything is crystal clear...
We have a falling weedge pattern that broke bullish;
We have a break and close above EMA10 (last week);
We have a bullish cross on the MACD;
This is happening on increasing volume after a lower low.
A higher low is always great because it means the bulls maintained the bullish trend.
If a lower low is hit before a reversal this is also good because the stop-losses have already been activated, the liquidity pool has been tapped... Now the bots have to look up for more money.
Or something like that.
I am not very savvy with technical and conventional terms, I learnt the Dominican way through experience, practice and loss, huge losses...
And I rose thanks to your support.
Namaste.
