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27.09.202408:21 Forex Analysis & Reviews: Technical Analysis of Daily Price Movement of Filecoin Cryptocurrency, Friday September 27, 2024.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 27.09.2024 analysis

From what is seen on the daily chart of the Filecoin Cryptocurrency, its price movement seems to be moving harmoniously within the Bullish Pitchfork channel that is diving upwards coupled with the appearance of hidden deviations between the Filecoin price movement and the Stochastic Oscillator indicator, especially supported by its price movement which is now moving above the EMA 21 & EMA 34 which also happens to have intersected the Golden Cross, then it is confirmed that Filecoin is currently being dominated by buyers where currently Filecoin in the next few days will try to test the 4.335 level and if this level is successfully broken and supported by quite good volatility and momentum, then Filecoin has the potential to continue its strengthening back to the middle line level of its Pitchfork and/or towards the 4.834 level as the next target, but all of these Bull scenarios will be invalid and canceled by themselves if on their way to the targets mentioned earlier there is suddenly a significant correction that breaks below the 3.492 level.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
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