FILUSDT: Can It Break Consolidation?
Updated
After a -30% big dump at the end of last year, FILUSDT has been forming a consolidation in a rectangle.
The EMAs on the chart are showing us a bull trend is forming as the price moved up after a long time consolidation.
If you take a closer look at the 4-hour timeframe, you can see after the price had a quick pump with momentum and volume follows, there is a nice text-book correction and a breakout follows it.
If, on the daily chart, the candlestick closes above the resistance area, the bull trend may start since then.
The EMAs on the chart are showing us a bull trend is forming as the price moved up after a long time consolidation.
If you take a closer look at the 4-hour timeframe, you can see after the price had a quick pump with momentum and volume follows, there is a nice text-book correction and a breakout follows it.
If, on the daily chart, the candlestick closes above the resistance area, the bull trend may start since then.
- Resistance: 23.5
- Support: 21.4
Comment
After the price broke out the correction pattern and reconfirm on the previous resistance zone, a +30% quick pump with momentum and volume follows.Let's wait and see if FILUSDT can form a small correction pattern in the next couple of days.
Trade closed: target reached
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