FILECOIN - FIL/USDT - 1H - Technical analysis published on 05/02/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
61%
0%
39%
My opinion
Bearish under 5.48 USDT
My targets
5.22 USDT (-1.51%)
5.15 USDT (-2.83%)
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 5.48 USDT, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 5.22 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 5.15 USDT as an objective. Crossing it would then enable sellers to target 5.01 USDT. If the resistance 5.48 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.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0.5
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This analysis was given by leron. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
FILECOIN - FIL/USDT rating 5.30 USDT. On the day, this instrument gained +0.00% and was between 5.22 USDT and 5.32 USDT. This implies that the price is at +1.53% from its lowest and at -0.38% from its highest.5.22
5.32
5.30
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on FILECOIN - FIL/USDT were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of FILECOIN - FIL/USDT indicates that the overall trend is bearish. 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 11 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.01 | 5.15 | 5.22 | 5.30 | 5.31 | 5.48 | 5.55 |
| Change (%) | -5.47% | -2.83% | -1.51% | - | +0.19% | +3.40% | +4.72% |
| Change | -0.29 | -0.15 | -0.08 | - | +0.01 | +0.18 | +0.25 |
| Level | Intermediate | Intermediate | Minor | - | Major | Minor | 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 | 4.90 | 5.05 | 5.17 | 5.32 | 5.44 | 5.59 | 5.71 |
| Camarilla | 5.23 | 5.25 | 5.28 | 5.30 | 5.33 | 5.35 | 5.37 |
| Woodie | 4.90 | 5.04 | 5.17 | 5.31 | 5.44 | 5.58 | 5.71 |
| Fibonacci | 5.05 | 5.15 | 5.21 | 5.32 | 5.42 | 5.48 | 5.59 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.50 | 4.76 | 5.16 | 5.42 | 5.82 | 6.08 | 6.48 |
| Camarilla | 5.39 | 5.45 | 5.51 | 5.57 | 5.63 | 5.69 | 5.75 |
| Woodie | 4.58 | 4.80 | 5.24 | 5.46 | 5.90 | 6.12 | 6.56 |
| Fibonacci | 4.76 | 5.01 | 5.17 | 5.42 | 5.67 | 5.83 | 6.08 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.39 | 4.20 | 4.81 | 5.62 | 6.23 | 7.04 | 7.65 |
| Camarilla | 5.03 | 5.16 | 5.29 | 5.42 | 5.55 | 5.68 | 5.81 |
| Woodie | 3.29 | 4.15 | 4.71 | 5.57 | 6.13 | 6.99 | 7.55 |
| Fibonacci | 4.20 | 4.74 | 5.08 | 5.62 | 6.16 | 6.50 | 7.04 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 49.75 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | 1.93 | |
| AROON (14): | 7.14 | |
| DEMA (21): | 5.26 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.23 | |
| Elder Ray (13): | 0.02 | |
| Super Trend (3,10): | 5.34 | |
| Zig ZAG (10): | 5.29 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 69.93 | |
| TEMA (21): | 5.28 | |
| Williams %R (14): | -23.53 | |
| Chande Momentum Oscillator (20): | 0.04 | |
| Repulse (5,40,3): | 0.2800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 0.07 |
| MA7: | 5.39 | |
| MA20: | 5.64 | |
| MA50: | 5.73 | |
| MA100: | 5.73 | |
| MAexp7: | 5.29 | |
| MAexp20: | 5.28 | |
| MAexp50: | 5.33 | |
| MAexp100: | 5.36 | |
| Price / MA7: | -1.67% | |
| Price / MA20: | -6.03% | |
| Price / MA50: | -7.50% | |
| Price / MA100: | -7.50% | |
| Price / MAexp7: | +0.19% | |
| Price / MAexp20: | +0.38% | |
| Price / MAexp50: | -0.56% | |
| Price / MAexp100: | -1.12% |
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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