20.12.202409:58 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Filecoin Cryptocurrency, Friday December 20, 2024.

Relevance up to 23:00 2024-12-20 UTC--5

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Although on the 4-hour chart, the Filecoin cryptocurrency appears to be dominated by Sellers, which can be seen from its price movement which moves harmoniously within the bearish channel and is also confirmed by its price movement which moves below the SMA (100) which also has a decreasing slope, but by the appearance of deviations between the MACD Histogram indicator (osMA) and the price movement of Filecoin, in the near future this cryptocurrency has the potential to strengthen to the level of 6.070, but as long as the temporary strengthening does not broken and close above the level of 7.140, Filecoin will fall back to the level of 4.335 and if the volatility and momentum of the decline support it, 3.137 will be the next target to be targeted.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
© 2007-2024

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