FILECOIN - FIL/USDT - 1H - Technical analysis published on 05/11/2024 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
56%
6%
39%
My opinion
Bearish under 5.66 USDT
My targets
5.45 USDT (-3.02%)
4.91 USDT (-12.63%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on FILECOIN - FIL/USDT as long as the price remains well below 5.66 USDT. The next bearish objective for sellers is set at 5.45 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4.91 USDT. If there is any crossing, the next objective would be the support located at 4.20 USDT. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
3.8
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This analysis was given by mh572. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The FILECOIN - FIL/USDT price is 5.62 USDT. The price registered an increase of +0.00% on the session and was traded between 5.54 USDT and 5.69 USDT over the period. The price is currently at +1.44% from its lowest and -1.23% from its highest.5.54
5.69
5.62
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of FILECOIN - FIL/USDT indicates that the overall trend is strongly bearish. The signals given by moving averages are 89.29% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.59 | 4.20 | 4.91 | 5.62 | 5.66 | 5.82 | 5.97 |
| Change (%) | -36.12% | -25.27% | -12.63% | - | +0.71% | +3.56% | +6.23% |
| Change | -2.03 | -1.42 | -0.71 | - | +0.04 | +0.20 | +0.35 |
| Level | Minor | Minor | Major | - | Major | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.07 | 5.32 | 5.47 | 5.72 | 5.87 | 6.12 | 6.27 |
| Camarilla | 5.51 | 5.55 | 5.58 | 5.62 | 5.66 | 5.69 | 5.73 |
| Woodie | 5.02 | 5.30 | 5.42 | 5.70 | 5.82 | 6.10 | 6.22 |
| Fibonacci | 5.32 | 5.47 | 5.57 | 5.72 | 5.87 | 5.97 | 6.12 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.46 | 4.84 | 5.45 | 5.83 | 6.44 | 6.82 | 7.43 |
| Camarilla | 5.79 | 5.88 | 5.97 | 6.06 | 6.15 | 6.24 | 6.33 |
| Woodie | 4.58 | 4.90 | 5.57 | 5.89 | 6.56 | 6.88 | 7.55 |
| Fibonacci | 4.84 | 5.22 | 5.45 | 5.83 | 6.21 | 6.44 | 6.82 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -1.78 | 1.61 | 3.62 | 7.01 | 9.02 | 12.41 | 14.42 |
| Camarilla | 4.15 | 4.64 | 5.14 | 5.63 | 6.13 | 6.62 | 7.12 |
| Woodie | -2.47 | 1.27 | 2.93 | 6.67 | 8.33 | 12.07 | 13.73 |
| Fibonacci | 1.61 | 3.67 | 4.95 | 7.01 | 9.07 | 10.35 | 12.41 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 45.51 | |
| MACD (12,26,9): | -0.0300 | |
| Directional Movement: | -6.94 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 5.60 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.55 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 5.72 | |
| Zig ZAG (10): | 5.64 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 71.57 | |
| TEMA (21): | 5.60 | |
| Williams %R (14): | -31.31 | |
| Chande Momentum Oscillator (20): | -0.01 | |
| Repulse (5,40,3): | -0.0400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1100 | |
| Courbe Coppock: | 0.90 |
| MA7: | 5.83 | |
| MA20: | 5.95 | |
| MA50: | 7.20 | |
| MA100: | 7.53 | |
| MAexp7: | 5.63 | |
| MAexp20: | 5.64 | |
| MAexp50: | 5.71 | |
| MAexp100: | 5.77 | |
| Price / MA7: | -3.60% | |
| Price / MA20: | -5.55% | |
| Price / MA50: | -21.94% | |
| Price / MA100: | -25.37% | |
| Price / MAexp7: | -0.18% | |
| Price / MAexp20: | -0.35% | |
| Price / MAexp50: | -1.58% | |
| Price / MAexp100: | -2.60% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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