Looking for FILUSD to break WEDGE pattern formed by lower highs and higher lows over next 24 hours. Leaning bullish because it's riding high in the Keltner channel. Just LEANING bullish.
FILUSD
FILUSDNote
Bullish on the Kagi as well.Note
Actually a PENNANT PATTERN. Sorry about that. investopedia.com/terms/p/pennant.aspTrade closed: stop reached
Note
Just had a peek at this again. Seems pretty clearly in a downtrend after it broke the Pennant pattern on April 18-19. I think it had a shot there for upward movement but when the BTCUSD downtrend became clearer seems to be dragging down a lot of the crypto market. I think I'll have to wait for a consolidation before getting back in. That being said I'm looking at this from the perspective of a swing trade. I haven't analyzed the fundamentals on this coin too closely for investment, but seems to have potential. These file coins are different and serve and different purpose than the BTC blockchain or most of the ERC-20 coins. People are sick of getting fleeced to store their data with Apple, Microsoft, Amazon. What's your perspective?
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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.