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AliferCrypto

FIL Symmetrical Triangle - Possible Reversal

Long
FIL / TetherUS PERPETUAL CONTRACT (BINANCE:FILUSDT.P)  
AliferCrypto  
BINANCE:FILUSDT.P   FIL / TetherUS PERPETUAL CONTRACT
Triangle Support and Resistance Trend Lines FIL filecoin reversal breakout
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triangle supportandresistance trendline fil filecoin reversal breakout
Not Financial Advice

FILUSDT has been trading in a symmetrical triangle for more than 1 month, and is now retesting the resistance trendline.

  • The RSI broke its trendline, this is a potential leading signal for an imminent price breakout.
  • A successful breakout of the triangle's resistance trendline could mark a reversal and lead to a retest of previous key levels: $8, $9.5 and the $11.5 area.
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