FILECOIN - FIL/USDT - Daily - Technical analysis published on 01/11/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
78%
0%
22%
My opinion
Bearish under 4.29 USDT
My targets
3.36 USDT (-7.44%)
2.81 USDT (-22.59%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on FILECOIN - FIL/USDT. As long as you are under the resistance located at 4.29 USDT, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 3.36 USDT would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 2.81 USDT as an objective. If the resistance 4.29 USDT were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0
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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 price is 3.63 USDT. The price registered a decrease of -3.46% on the session and was between 3.61 USDT and 3.78 USDT. This implies that the price is at +0.55% from its lowest and at -3.97% from its highest.3.61
3.78
3.63
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of FILECOIN - FIL/USDT in Daily shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : Daily
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
MACD indicator is back over 0
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 2.81 | 3.36 | 3.63 | 5.50 | 6.55 | 8.06 |
| Change (%) | -22.59% | -7.44% | - | +51.52% | +80.44% | +122.04% |
| Change | -0.82 | -0.27 | - | +1.87 | +2.92 | +4.43 |
| Level | Major | Intermediate | - | Intermediate | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.46 | 3.56 | 3.66 | 3.76 | 3.86 | 3.96 | 4.06 |
| Camarilla | 3.71 | 3.72 | 3.74 | 3.76 | 3.78 | 3.80 | 3.82 |
| Woodie | 3.46 | 3.56 | 3.66 | 3.76 | 3.86 | 3.96 | 4.06 |
| Fibonacci | 3.56 | 3.64 | 3.68 | 3.76 | 3.84 | 3.88 | 3.96 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 57.27 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 15.78 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 3.32 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.74 | |
| Elder Ray (13): | 0.28 | |
| Super Trend (3,10): | 3.13 | |
| Zig ZAG (10): | 3.63 | |
| VORTEX (21): | 1.2000 | |
| Stochastique (14,3,5): | 79.19 | |
| TEMA (21): | 3.55 | |
| Williams %R (14): | -29.94 | |
| Chande Momentum Oscillator (20): | 0.65 | |
| Repulse (5,40,3): | 1.0300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.5300 | |
| Courbe Coppock: | 35.14 |
| MA7: | 3.50 | |
| MA20: | 3.21 | |
| MA50: | 3.72 | |
| MA100: | 4.38 | |
| MAexp7: | 3.53 | |
| MAexp20: | 3.39 | |
| MAexp50: | 3.70 | |
| MAexp100: | 4.30 | |
| Price / MA7: | +3.71% | |
| Price / MA20: | +13.08% | |
| Price / MA50: | -2.42% | |
| Price / MA100: | -17.12% | |
| Price / MAexp7: | +2.83% | |
| Price / MAexp20: | +7.08% | |
| Price / MAexp50: | -1.89% | |
| Price / MAexp100: | -15.58% |
Quotes :
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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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