Filecoin - Imaginary Bearish Harmonic
As a result of the dramatic Head and Shoulders Breakdown, this potential "Future" Technical Analysis presented itself to me.
I would surmise that Filecoin will retrace in the coming months to around Price Targets: $8.5(Minimum) - 10.75(Maximum) [Point B], before correcting back down to the Main Trendline around Price Target: $5.75 - $6 [Point C], whereupon if positioning holds would rally throughout the EoY to Price Target: $17 [Point D].
This would complete the Full Bearish Harmonic and would also be testing (from the underside) The Extended Neckline from the recent and dramatic Head and Shoulders Breakdown.
I personally am planning on following trade in this patterning [Light Long Point A]/[Light Short Point B]/[Moderate Long Point C] and essentially placing a Larger Short upon completion of the patterning at [Point D].
This is purely speculative.
This is not financial advice.
Good Luck and Happy Trading,
Mr. Storm
I would surmise that Filecoin will retrace in the coming months to around Price Targets: $8.5(Minimum) - 10.75(Maximum) [Point B], before correcting back down to the Main Trendline around Price Target: $5.75 - $6 [Point C], whereupon if positioning holds would rally throughout the EoY to Price Target: $17 [Point D].
This would complete the Full Bearish Harmonic and would also be testing (from the underside) The Extended Neckline from the recent and dramatic Head and Shoulders Breakdown.
I personally am planning on following trade in this patterning [Light Long Point A]/[Light Short Point B]/[Moderate Long Point C] and essentially placing a Larger Short upon completion of the patterning at [Point D].
This is purely speculative.
This is not financial advice.
Good Luck and Happy Trading,
Mr. Storm
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.