Filecoin (FIL) technical analysis

Dec 1, 2021

Price has been moving down in a downtrend triangle. We need to see the upper line of the triangle break in order for the uptrend wave to signal the start. If the uptrend wave starts, there are two immediate resistance lines on its way up; the horizontal and uptrend line.

Apr 7, 2023

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Jul 1, 2023

Note

Could Filecoin be making a Head and Shoulders pattern? Let's see what happens.

Dec 31, 2023

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So, Filecoin went up and now trying to break the Head and Shoulder's neckline. If successful, reversal confirmed. Let's see what happens.

Feb 19

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So, last time Filecoin couldn't break the Head and Shoulder's neckline, retraced, and now trying again. Let's see what happens this time.

Mar 2

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So, Filecoin broke the Head and Shoulder's neckline, made a small pullback and is going up toward the first horizontal resistance area. Let's see what happens.

Oct 6

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So, as it turned out, FIL is moving in an ascending channel. FIL is currently at the bottom and has broken the downtrend line. Let's see what happens.

Nov 10

Trade active

So, after FIL oscillated at the bottom for a while, gained enough momentum, then broke the minor triangle pattern and is going up. Let's see what happens.

Nov 23

Note

Just an update.