Filecoin (FIL) Possible Short Squeeze Incoming....25-90% Upside

Sep 26, 2021

Filecoin looks set for a massive bounce for the following reasons:

• 1.) Recent overly exaggerated downside move due to China FUD, and usually this sort of fundamental FUD is followed by strong bounce.
  
• 2.) Upcoming Filecoin Launchpad Demo Day around the corner on 9/28 could be the fundamental boost needed to help Filecoin recover sentiment.
  
• 3.) Filecoin has been one of the most sold off coins the past 6M, 1M, and 1W (-65%, -32%, and -25% respectively)
  
• 4.) FILUSDSHORTS approaching recent highs, due for short covering / thereby increasing buy pressure.
  

Here I present 3 fractals which are based on the recoveries from similar capitulations in the past.