Technical Analysis of Intraday Price Movement of Filecoin Cryptocurrency, Friday April 28, 2023.
April 28, 2023 7:22 am
Eventhough on its 4 hour chart of Filecoin cryptocurrency, it seems there is a deviation between price movement with MACD indicator then the BULL strength of Filecoin still needs to be monitored first because the two MAs have not yet crossed up so that in the near future Filecoin has the potential to be corrected downwards to testing the Bullish Orderblock level 4,913 if this level is strong enough to hold down the downward correction rate, then Filecoin has the potential to appreciate to rally upwards again up to the level of 5,106 as its main target and 5,439 as its second target but otherwise, if the bullish Orderblock level is not strong enough to hold the rate of downward correction movement so Filecoin breaks below the 4,766 level, so the bull scenario described earlier will become invalid and cancel itself.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
Eventhough on its 4 hour chart of Filecoin cryptocurrency, it seems there is a deviation between price movement with MACD indicator then the BULL strength of Filecoin still needs to be monitored first because the two MAs have not yet crossed up so that in the near future Filecoin has the potential to be corrected downwards to testing the Bullish Orderblock level 4,913 if this level is strong enough to hold down the downward correction rate, then Filecoin has the potential to appreciate to rally upwards again up to the level of 5,106 as its main target and 5,439 as its second target but otherwise, if the bullish Orderblock level is not strong enough to hold the rate of downward correction movement so Filecoin breaks below the 4,766 level, so the bull scenario described earlier will become invalid and cancel itself.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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