FIL / TetherUS
Panjang

FIL: Ascending Triangle Breakout

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Filecoin (FIL) technical analysis:

Trade setup: Bearish breakout from Ascending Triangle, in the direction of existing downtrend, signals further downside risk. Price has now also broke below $4.00 support and the next major support is around $3.00 where it bottomed in June.

Trend: Downtrend across all time horizons (Short- Medium- and Long-Term).

Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).

Support and Resistance: Nearest Support Zone is $4.00, which it broke, then $2.75. The nearest Resistance Zone is $5.00, then $6.50.

Penafian

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