📈 Daily TA: Filecoin (FIL/USD)

Hodl, dear members of LeoFinance!

Today I would like to comment on the price chart of Filecoin.

In the weekly chart (1W), after the sequence of Spinning Tops, FIL/USD has just formed a bearish candlestick: So, it seems that the bears have been able to put pressure on the price and push it out of the consolidation in the downward direction.

Whit this is in place, I am curious to see if, in the daily chart (1D), FIL/USD will receive enough support from the trend line to rebound: As can be seen from the chart, the price is approaching the trend line. Let's wait and see if the uptrend will remain.

To be continued ...

As of the time of writing, one FIL costs $51,54 on the Coinbase crypto exchange, according to TradingView.

A few words about me:

Just to let you know: I've been working professionally as a currency analyst for the last 15 years, and as a cryptocurrency analyst for the last 4 and a half years.

Important!

Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency/commodity trades, investments and etc.

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📈 Daily TA: Filecoin (FIL/USD) | 22-11-2021