TheAnonymousBanker

Filecoin ($FIL): Technical Analysis on Daily Chart

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BINANCE:FILUSDT   FIL / TetherUS
Hi everyone!
From a technical point of view, the trend on the daily chart is absolutely bearish, but at the same time, with the completion of the bearish impulsive structure (12345), I do not exclude the continuation of the corrective structure (bullish) in play. At the moment we do not have a confirmed bullish signal yet, but if in the short term we manage to trigger another bullish leg before the pullback, the trend could turn bullish again in the medium term. Technically speaking, in the short term, we have a support area around 7.26/6.66 and if $FIL is to turn bullish, it should be held.

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