empty
 
 
10.11.2023 11:22 AM
Technical Analysis of Daily Price Movement of Filecoin Cryptocurrency, Friday November 11, 2023.

This image is no longer relevant

Even though on the daily chart the Filecoin cryptocurrency appears to be in a strengthening condition where this is confirmed by its price movement which moves above WMA 30 Shift 2, which is also has an upward slope, but the appearance of a deviation pattern between price movements and the RSI indicator gives a clue that in a few days ahead, Filecoin has the potential to retrace down to the level of the Bullish Fair Value Gap area. Importantly, as long as the downward retrace does not breaks below level 3,361, Filecoin has the potential to strengthen again until it breaks above level 4,644 and the area level 5,439-5,652 as the next target if momentum and volatility also support.

(Disclaimer)

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback