FX.co ★ Technical Analysis of Daily Price Movement of Filecoin Cryptocurrency, Friday November 11, 2023.

Even though on the daily chart the Filecoin cryptocurrency appears to be in a strengthening condition where this is confirmed by its price movement which moves above WMA 30 Shift 2, which is also has an upward slope, but the appearance of a deviation pattern between price movements and the RSI indicator gives a clue that in a few days ahead, Filecoin has the potential to retrace down to the level of the Bullish Fair Value Gap area. Importantly, as long as the downward retrace does not breaks below level 3,361, Filecoin has the potential to strengthen again until it breaks above level 4,644 and the area level 5,439-5,652 as the next target if momentum and volatility also support.

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