FILECOIN - FIL/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	FILUSDT
ISIN:

FILECOIN - FIL/USDT - Daily - Technical analysis published on 03/14/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

56%

28%

My opinion

Bearish under 19.68 USDT

My targets

16.90 USDT (-3.48%)

12.10 USDT (-30.90%)

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 19.68 USDT. The sellers' bearish objective is set at 16.90 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 12.10 USDT. In case of crossing, the next objective would be the support located at 4.74 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

7.3

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

The FILECOIN - FIL/USDT rating is 17.51 USDT. On the day, this instrument gained +1.39% with the lowest point at 17.13 USDT and the highest point at 17.67 USDT. The deviation from the price is +2.22% for the low point and -0.91% for the high point.

17.13

17.67

17.51

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:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of FILECOIN - FIL/USDT indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 10 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

MACD indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	4.74	17.51	19.68	41.23	55.30
Change (%)	-72.93%	-	+12.39%	+135.47%	+215.82%
Change	-12.77	-	+2.17	+23.72	+37.79
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	15.90	16.49	16.88	17.47	17.86	18.45	18.84
Camarilla	17.00	17.09	17.18	17.27	17.36	17.45	17.54
Woodie	15.80	16.44	16.78	17.42	17.76	18.40	18.74
Fibonacci	16.49	16.86	17.10	17.47	17.84	18.08	18.45

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14.70	15.92	16.82	18.04	18.94	20.16	21.06
Camarilla	17.14	17.33	17.53	17.72	17.91	18.11	18.30
Woodie	14.54	15.84	16.66	17.96	18.78	20.08	20.90
Fibonacci	15.92	16.73	17.23	18.04	18.85	19.35	20.16

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):	39.34
MACD (12,26,9):	-1.0000
Directional Movement:	-7.07
AROON (14):	-85.72
DEMA (21):	17.47
Parabolic SAR (0,02-0,02-0,2):	21.45
Elder Ray (13):	-0.90
Super Trend (3,10):	21.09
Zig ZAG (10):	17.50
VORTEX (21):	0.9500
Stochastique (14,3,5):	7.78
TEMA (21):	17.58
Williams %R (14):	-91.81
Chande Momentum Oscillator (20):	-3.22
Repulse (5,40,3):	-3.0400
ROCnROLL:	2
TRIX (15,9):	-0.6100
Courbe Coppock:	21.13

MA7:	17.80
MA20:	18.88
MA50:	20.13
MA100:	26.89
MAexp7:	17.81
MAexp20:	18.79
MAexp50:	21.59
MAexp100:	28.36
Price / MA7:	-1.63%
Price / MA20:	-7.26%
Price / MA50:	-13.02%
Price / MA100:	-34.88%
Price / MAexp7:	-1.68%
Price / MAexp20:	-6.81%
Price / MAexp50:	-18.90%
Price / MAexp100:	-38.26%

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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