FILECOIN - FIL/USDT

- USDT (-)

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Type:	Cryptocurrencies
Ticker:	FILUSDT
ISIN:

FILECOIN - FIL/USDT - Daily - Technical analysis published on 03/02/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

67%

33%

My opinion

Bearish under 26.36 USDT

My targets

19.68 USDT (-6.46%)

16.90 USDT (-19.68%)

My analysis

Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 26.36 USDT remains possible. It is advisable to trade FILECOIN - FIL/USDT with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 26.36 USDT. The next bearish objective for sellers is set at 19.68 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 16.90 USDT. In case of crossing, the next objective would be the support located at 4.74 USDT. PS: if there is a bullish break in the resistance located at 26.36 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

Force

1.1

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by finacian. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

FILECOIN - FIL/USDT rating 21.04 USDT. On the day, this instrument gained +0.38% and was between 20.55 USDT and 21.66 USDT. This implies that the price is at +2.38% from its lowest and at -2.86% from its highest.

20.55

21.66

21.04

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

Technical

Technical analysis of this Daily chart of FILECOIN - FIL/USDT indicates that the overall trend is bearish. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Bullish harami

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	4.74	19.68	21.04	41.23	55.30	79.64
Change (%)	-77.47%	-6.46%	-	+95.96%	+162.83%	+278.52%
Change	-16.30	-1.36	-	+20.19	+34.26	+58.60
Level	Minor	Major	-	Minor	Minor	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	18.59	19.57	20.26	21.24	21.93	22.91	23.60
Camarilla	20.50	20.65	20.81	20.96	21.11	21.27	21.42
Woodie	18.46	19.50	20.13	21.17	21.80	22.84	23.47
Fibonacci	19.57	20.21	20.60	21.24	21.88	22.27	22.91

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.87	14.81	16.94	18.88	21.01	22.95	25.08
Camarilla	17.94	18.31	18.69	19.06	19.43	19.81	20.18
Woodie	12.96	14.86	17.03	18.93	21.10	23.00	25.17
Fibonacci	14.81	16.37	17.33	18.88	20.44	21.40	22.95

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	7.44	12.10	16.90	21.56	26.36	31.02	35.82
Camarilla	19.10	19.97	20.83	21.70	22.57	23.43	24.30
Woodie	7.51	12.14	16.97	21.60	26.43	31.06	35.89
Fibonacci	12.10	15.71	17.95	21.56	25.17	27.41	31.02

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	49.72
MACD (12,26,9):	-0.6400
Directional Movement:	2.67
AROON (14):	-57.14
DEMA (21):	19.57
Parabolic SAR (0,02-0,02-0,2):	17.08
Elder Ray (13):	0.73
Super Trend (3,10):	22.71
Zig ZAG (10):	21.08
VORTEX (21):	0.9100
Stochastique (14,3,5):	66.62
TEMA (21):	20.42
Williams %R (14):	-34.74
Chande Momentum Oscillator (20):	0.01
Repulse (5,40,3):	3.9400
ROCnROLL:	-1
TRIX (15,9):	-0.5900
Courbe Coppock:	12.93

MA7:	20.07
MA20:	20.38
MA50:	22.17
MA100:	31.02
MAexp7:	20.48
MAexp20:	20.62
MAexp50:	23.73
MAexp100:	31.09
Price / MA7:	+4.83%
Price / MA20:	+3.24%
Price / MA50:	-5.10%
Price / MA100:	-32.17%
Price / MAexp7:	+2.73%
Price / MAexp20:	+2.04%
Price / MAexp50:	-11.34%
Price / MAexp100:	-32.33%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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