FILECOIN - FIL/USD - Daily - Technical analysis published on 05/05/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 5.62 USD
My targets
4.81 USD (-9.13%)
3.75 USD (-29.11%)
My analysis
FILECOIN - FIL/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 5.62 USD. The next support located at 4.81 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 3.75 USD. Below this support, sellers could then target 2.81 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.6
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 jarias81197. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The FILECOIN - FIL/USD price is 5.29 USD. On the day, this instrument gained +0.76% and was between 5.25 USD and 5.34 USD. This implies that the price is at +0.76% from its lowest and at -0.94% from its highest.5.25
5.34
5.29
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
Technical
Technical analysis of this Daily chart of FILECOIN - FIL/USD indicates that the overall trend is strongly bearish. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 5 are neutral and 9 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.81 | 3.75 | 5.26 | 5.29 | 6.34 | 7.26 | 8.52 |
| Change (%) | -46.88% | -29.11% | -0.57% | - | +19.85% | +37.24% | +61.06% |
| Change | -2.48 | -1.54 | -0.03 | - | +1.05 | +1.97 | +3.23 |
| Level | Minor | Major | Major | - | Intermediate | Minor | Major |
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 | 5.00 | 5.11 | 5.18 | 5.29 | 5.36 | 5.47 | 5.54 |
| Camarilla | 5.20 | 5.22 | 5.23 | 5.25 | 5.27 | 5.28 | 5.30 |
| Woodie | 4.98 | 5.10 | 5.16 | 5.28 | 5.34 | 5.46 | 5.52 |
| Fibonacci | 5.11 | 5.18 | 5.22 | 5.29 | 5.36 | 5.40 | 5.47 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.49 | 4.75 | 5.17 | 5.43 | 5.85 | 6.11 | 6.53 |
| Camarilla | 5.40 | 5.47 | 5.53 | 5.59 | 5.65 | 5.72 | 5.78 |
| Woodie | 4.57 | 4.79 | 5.25 | 5.47 | 5.93 | 6.15 | 6.61 |
| Fibonacci | 4.75 | 5.01 | 5.17 | 5.43 | 5.69 | 5.85 | 6.11 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.38 | 4.19 | 4.81 | 5.62 | 6.24 | 7.05 | 7.67 |
| Camarilla | 5.03 | 5.16 | 5.29 | 5.42 | 5.55 | 5.68 | 5.81 |
| Woodie | 3.28 | 4.14 | 4.71 | 5.57 | 6.14 | 7.00 | 7.57 |
| Fibonacci | 4.19 | 4.74 | 5.08 | 5.62 | 6.17 | 6.51 | 7.05 |
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): | 42.24 | |
| MACD (12,26,9): | -0.1400 | |
| Directional Movement: | -4.27 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 5.30 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.50 | |
| Elder Ray (13): | -0.11 | |
| Super Trend (3,10): | 6.12 | |
| Zig ZAG (10): | 5.27 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 39.07 | |
| TEMA (21): | 5.23 | |
| Williams %R (14): | -60.29 | |
| Chande Momentum Oscillator (20): | -0.02 | |
| Repulse (5,40,3): | -1.5000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3300 | |
| Courbe Coppock: | 11.77 |
| MA7: | 5.36 | |
| MA20: | 5.51 | |
| MA50: | 5.70 | |
| MA100: | 5.88 | |
| MAexp7: | 5.33 | |
| MAexp20: | 5.48 | |
| MAexp50: | 5.65 | |
| MAexp100: | 5.60 | |
| Price / MA7: | -1.31% | |
| Price / MA20: | -3.99% | |
| Price / MA50: | -7.19% | |
| Price / MA100: | -10.03% | |
| Price / MAexp7: | -0.75% | |
| Price / MAexp20: | -3.47% | |
| Price / MAexp50: | -6.37% | |
| Price / MAexp100: | -5.54% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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