FILECOIN - FIL/USD - Daily - Technical analysis published on 07/03/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
83%
0%
17%
My opinion
Bullish above 4.38 USD
My targets
5.05 USD (+7.22%)
6.20 USD (+31.70%)
My analysis
The strong short-term increase in FILECOIN - FIL/USD calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 4.38 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 5.05 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 6.20 USD as an objective. Crossing it would then enable buyers to target 6.34 USD. Caution, a return under 4.38 USD could jeopardize the reversal.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
3.4
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The FILECOIN - FIL/USD rating is 4.71 USD. The price registered an increase of +14.04% on the session with the lowest point at 4.07 USD and the highest point at 4.71 USD. The deviation from the price is +15.72% for the low point and 0% for the high point.4.07
4.71
4.71
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:
Technical
A technical analysis in Daily of this FILECOIN - FIL/USD chart shows a slightly bearish trend. Only 53.57% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting 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
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. 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 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : Daily
MACD indicator is back over 0
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of triangle is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.96 | 3.41 | 4.38 | 4.71 | 5.05 | 6.34 | 8.93 |
| Change (%) | -37.15% | -27.60% | -7.01% | - | +7.22% | +34.61% | +89.60% |
| Change | -1.75 | -1.30 | -0.33 | - | +0.34 | +1.63 | +4.22 |
| Level | Minor | Intermediate | Minor | - | Minor | Minor | Intermediate |
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 | 3.83 | 3.90 | 4.01 | 4.08 | 4.19 | 4.26 | 4.37 |
| Camarilla | 4.08 | 4.10 | 4.11 | 4.13 | 4.15 | 4.16 | 4.18 |
| Woodie | 3.86 | 3.91 | 4.04 | 4.09 | 4.22 | 4.27 | 4.40 |
| Fibonacci | 3.90 | 3.97 | 4.01 | 4.08 | 4.15 | 4.19 | 4.26 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.15 | 3.40 | 3.75 | 4.00 | 4.35 | 4.60 | 4.95 |
| Camarilla | 3.94 | 3.99 | 4.05 | 4.10 | 4.16 | 4.21 | 4.27 |
| Woodie | 3.20 | 3.43 | 3.80 | 4.03 | 4.40 | 4.63 | 5.00 |
| Fibonacci | 3.40 | 3.63 | 3.77 | 4.00 | 4.23 | 4.37 | 4.60 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.47 | 1.60 | 2.77 | 3.90 | 5.07 | 6.20 | 7.37 |
| Camarilla | 3.30 | 3.51 | 3.72 | 3.93 | 4.14 | 4.35 | 4.56 |
| Woodie | 0.48 | 1.61 | 2.78 | 3.91 | 5.08 | 6.21 | 7.38 |
| Fibonacci | 1.60 | 2.48 | 3.03 | 3.90 | 4.78 | 5.33 | 6.20 |
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): | 58.60 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | 7.70 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 3.95 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.71 | |
| Elder Ray (13): | 0.22 | |
| Super Trend (3,10): | 4.41 | |
| Zig ZAG (10): | 4.39 | |
| VORTEX (21): | 1.1500 | |
| Stochastique (14,3,5): | 86.57 | |
| TEMA (21): | 4.12 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.52 | |
| Repulse (5,40,3): | 14.8300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.2800 | |
| Courbe Coppock: | 20.08 |
| MA7: | 4.04 | |
| MA20: | 3.88 | |
| MA50: | 4.17 | |
| MA100: | 4.82 | |
| MAexp7: | 4.11 | |
| MAexp20: | 3.99 | |
| MAexp50: | 4.22 | |
| MAexp100: | 4.59 | |
| Price / MA7: | +16.58% | |
| Price / MA20: | +21.39% | |
| Price / MA50: | +12.95% | |
| Price / MA100: | -2.28% | |
| Price / MAexp7: | +14.60% | |
| Price / MAexp20: | +18.05% | |
| Price / MAexp50: | +11.61% | |
| Price / MAexp100: | +2.61% |
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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