FILECOIN - FIL/USDT - Weekly - Technical analysis published on 03/09/2022 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 19.68 USDT
My targets
12.10 USDT (-35.43%)
7.44 USDT (-60.30%)
My analysis
In the short term, we can see an acceleration in the bearish trend on FILECOIN - FIL/USDT, which is a positive signal for sellers. As long as the price remains above 19.68 USDT, a sale could be considered. The first bearish objective is located at 12.10 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 7.44 USDT as an objective. Crossing it would then enable sellers to target 4.74 USDT. If the price were to return above 19.68 USDT, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
5.5
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Additional analysis
Quotes
The FILECOIN - FIL/USDT rating is 18.74 USDT. The price is lower by -6.95% over the 5 days and has been traded over the last 5 days between 17.14 USDT and 19.25 USDT. This implies that the 5 day price is +9.33% from its lowest point and -2.65% from its highest point.17.14
19.25
18.74
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by FILECOIN - FIL/USDT:
Technical
Technical analysis of this Weekly chart of FILECOIN - FIL/USDT indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further decline is moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 4.74 | 18.74 | 19.68 | 41.23 | 113.65 |
| Change (%) | -74.71% | - | +5.02% | +120.01% | +506.46% |
| Change | -14.00 | - | +0.94 | +22.49 | +94.91 |
| Level | Intermediate | - | Intermediate | Minor | Major |
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 | 17.09 | 17.39 | 17.71 | 18.01 | 18.33 | 18.63 | 18.95 |
| Camarilla | 17.86 | 17.92 | 17.97 | 18.03 | 18.09 | 18.14 | 18.20 |
| Woodie | 17.10 | 17.40 | 17.72 | 18.02 | 18.34 | 18.64 | 18.96 |
| Fibonacci | 17.39 | 17.63 | 17.77 | 18.01 | 18.25 | 18.39 | 18.63 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.64 | 15.97 | 17.54 | 19.87 | 21.44 | 23.77 | 25.34 |
| Camarilla | 18.03 | 18.39 | 18.74 | 19.10 | 19.46 | 19.82 | 20.17 |
| Woodie | 13.25 | 15.78 | 17.15 | 19.68 | 21.05 | 23.58 | 24.95 |
| Fibonacci | 15.97 | 17.46 | 18.38 | 19.87 | 21.36 | 22.28 | 23.77 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 33.62 | |
| MACD (12,26,9): | -12.4200 | |
| Directional Movement: | -8.73 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 17.75 | |
| Parabolic SAR (0,02-0,02-0,2): | 25.24 | |
| Elder Ray (13): | -8.89 | |
| Super Trend (3,10): | 42.09 | |
| Zig ZAG (10): | 18.70 | |
| VORTEX (21): | 0.7300 | |
| Stochastique (14,3,5): | 7.18 | |
| TEMA (21): | 11.43 | |
| Williams %R (14): | -92.66 | |
| Chande Momentum Oscillator (20): | -17.07 | |
| Repulse (5,40,3): | -11.5400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -3.1200 | |
| Courbe Coppock: | 116.89 |
| MA7: | 18.73 | |
| MA20: | 19.46 | |
| MA50: | 20.65 | |
| MA100: | 28.53 | |
| MAexp7: | 21.43 | |
| MAexp20: | 33.81 | |
| MAexp50: | 46.99 | |
| MAexp100: | 44.47 | |
| Price / MA7: | +0.05% | |
| Price / MA20: | -3.70% | |
| Price / MA50: | -9.25% | |
| Price / MA100: | -34.31% | |
| Price / MAexp7: | -12.55% | |
| Price / MAexp20: | -44.57% | |
| Price / MAexp50: | -60.12% | |
| Price / MAexp100: | -57.86% |
Quotes :
-
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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