Filecoin is developing a long setup if the criteria is met - that is hold the MS break level (keep bullish structure in tact) and reclaim the macro range eq (black dashed line EQ).
So long as it manages to do that, it will push the highs once more. At that point we monitor to see if it breaks out of the downward diagonal and pushed HTF Resistance or if another correction is due, but let's not get ahead of ourselves.
First thing is first, maintain our current low and begin to put in strength soon.
Otherwise I think we revisit Q1 level (lower range quadrant).
Watching this closely over the coming week.
Vatsik
So long as it manages to do that, it will push the highs once more. At that point we monitor to see if it breaks out of the downward diagonal and pushed HTF Resistance or if another correction is due, but let's not get ahead of ourselves.
First thing is first, maintain our current low and begin to put in strength soon.
Otherwise I think we revisit Q1 level (lower range quadrant).
Watching this closely over the coming week.
Vatsik
Vatsik