FILECOIN - FIL/USDT - Daily - Technical analysis published on 01/09/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
78%
6%
17%
My opinion
Bullish above 3.42 USDT
My targets
4.29 USDT (+12.89%)
5.50 USDT (+44.74%)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for FILECOIN - FIL/USDT as long as the price remains well above 3.42 USDT. The buyers' bullish objective is set at 4.29 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5.50 USDT. If there is any crossing, the next objective would be the resistance located at 6.55 USDT. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 4.29 USDT. On this resistance, against the trend traders who would like to go short on FILECOIN - FIL/USDT with a bearish signal from their trading strategy, should not hesitate to act.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
2.7
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This analysis was given by leron. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The FILECOIN - FIL/USDT rating is 3.80 USDT. The price registered an increase of +10.47% on the session and was traded between 3.44 USDT and 3.93 USDT over the period. The price is currently at +10.47% from its lowest and -3.31% from its highest.3.44
3.93
3.80
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of FILECOIN - FIL/USDT indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : Daily
Ichimoku - Bullish crossover : Tenkan & Kijun
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 2.81 | 3.80 | 5.50 | 6.55 | 8.06 |
| Change (%) | -26.05% | - | +44.74% | +72.37% | +112.11% |
| Change | -0.99 | - | +1.70 | +2.75 | +4.26 |
| Level | Intermediate | - | Intermediate | Intermediate | Minor |
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 | 3.17 | 3.23 | 3.33 | 3.39 | 3.49 | 3.55 | 3.65 |
| Camarilla | 3.40 | 3.41 | 3.43 | 3.44 | 3.46 | 3.47 | 3.48 |
| Woodie | 3.20 | 3.24 | 3.36 | 3.40 | 3.52 | 3.56 | 3.68 |
| Fibonacci | 3.23 | 3.29 | 3.33 | 3.39 | 3.45 | 3.49 | 3.55 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.54 | 2.77 | 3.03 | 3.26 | 3.52 | 3.75 | 4.01 |
| Camarilla | 3.17 | 3.21 | 3.26 | 3.30 | 3.35 | 3.39 | 3.44 |
| Woodie | 2.57 | 2.78 | 3.06 | 3.27 | 3.55 | 3.76 | 4.04 |
| Fibonacci | 2.77 | 2.95 | 3.07 | 3.26 | 3.44 | 3.56 | 3.75 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.01 | 1.27 | 2.14 | 3.42 | 4.29 | 5.57 | 6.44 |
| Camarilla | 2.42 | 2.62 | 2.81 | 3.01 | 3.21 | 3.40 | 3.60 |
| Woodie | -0.22 | 1.17 | 1.94 | 3.32 | 4.09 | 5.47 | 6.24 |
| Fibonacci | 1.27 | 2.09 | 2.60 | 3.42 | 4.24 | 4.75 | 5.57 |
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): | 63.63 | |
| MACD (12,26,9): | -0.0500 | |
| Directional Movement: | 20.05 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 3.18 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.64 | |
| Elder Ray (13): | 0.37 | |
| Super Trend (3,10): | 3.05 | |
| Zig ZAG (10): | 3.80 | |
| VORTEX (21): | 1.2000 | |
| Stochastique (14,3,5): | 83.04 | |
| TEMA (21): | 3.38 | |
| Williams %R (14): | -13.01 | |
| Chande Momentum Oscillator (20): | 0.81 | |
| Repulse (5,40,3): | 15.0300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.7700 | |
| Courbe Coppock: | 27.42 |
| MA7: | 3.37 | |
| MA20: | 3.14 | |
| MA50: | 3.74 | |
| MA100: | 4.42 | |
| MAexp7: | 3.42 | |
| MAexp20: | 3.33 | |
| MAexp50: | 3.70 | |
| MAexp100: | 4.33 | |
| Price / MA7: | +12.76% | |
| Price / MA20: | +21.02% | |
| Price / MA50: | +1.60% | |
| Price / MA100: | -14.03% | |
| Price / MAexp7: | +11.11% | |
| Price / MAexp20: | +14.11% | |
| Price / MAexp50: | +2.70% | |
| Price / MAexp100: | -12.24% |
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.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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