As we can see FIL has been in a bear market since april 2021. Having reached a support zone always respecting the major weekly trendline we could se a pump and consequent break of the triangule structure. RSI and MFI at low levels showing possible reversal of the bearish pressure. Yellow zone marked on the graph is a possible Fib retracement zone
The project itself is based on storing data on the blockchain, that a plus for this trade. Also considering the imminent pump on BTC every alt coin tends to pump afterwards so this could be a great zone to enter in.
I will wait to have the support verification and the DCA and TP at the Fib zone.
π‘π’π§ πππ‘ππ‘ππππ πππ©ππ¦π
The project itself is based on storing data on the blockchain, that a plus for this trade. Also considering the imminent pump on BTC every alt coin tends to pump afterwards so this could be a great zone to enter in.
I will wait to have the support verification and the DCA and TP at the Fib zone.
π‘π’π§ πππ‘ππ‘ππππ πππ©ππ¦π
