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FX.co ★ Technical Analysis of Intraday Price Movement of Filecoin Cryptocurrency, Friday December 16, 2022 .

Technical Analysis of Intraday Price Movement of Filecoin Cryptocurrency, Friday December 16, 2022 .

Technical Analysis of Intraday Price Movement of Filecoin Cryptocurrency, Friday December 16, 2022 .

On the 4-hour chart, it can be seen that the Filecoin Crypto currency is moving harmoniously in a downward channel which means that sellers are still dominating this market, especially price movements, which are still moving below their moving averages, but along with the emergence of deviations between price movements and the CCI indicator. gives a hint that in the future Filecoin has the potential to be corrected upwards to the level of 3,863 as the first target and level 3,991 as the second target, but if on its way to the targets of these levels there is a sudden significant corrective movement to break below level 3,717 then all scenarios upward correction previously described will become invalid.

(Disclaimer)

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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