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[Filecoin]
Although the conditions for Filecoin are still moving sideways, but with the position of EMA(50) and EMA(200) forming a Golden Cross provides an opportunity for Filecoin to strengthen toward its nearest resistance level today.
Key Levels
1. Resistance. 2 : 1.394
2. Resistance. 1 : 1.361
3. Pivot : 1.312
4. Support. 1 : 1.279
5. Support. 2 : 1.230
Tactical Scenario:
Positive Reaction Zone: If the price of Filecoin breaks above 1.312, it may strengthen to 1.361.
Momentum Extension Bias: If 1.361 is broken above, there is potential for Filecoin to continue strengthening up to 1.394.
Invalidation Level / Bias Revision:
The upside bias weakens if the price of Filecoin declines and falls below 1.230.
Technical Summary:
EMA(50) : 1.297
EMA(200): 1.291
RSI(14) : 38.76 + Hidden Bullish Divergent
Economic News Release Agenda:
Tonight from the U.S. market, there will only be one economic data release which is Unemployment Claims on 20:30 WIB.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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