31.01.202506:53 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Filecoin Cryptocurrency, Friday January 31, 2025.

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.

On the 4-hour chart of the Filecoin cryptocurrency, there is the appearance of a Failing Wedge pattern followed by a divergence between the Filecoin price movement and the Stochastic Oscillator indicator, where both of these things indicate that in the near future it will appreciate and strengthen even though it is currently still in a depressed and weakening condition because the Stochastic Oscillator indicator is currently in a Crossing SELL condition, but as long as the weakening does not break through and close below the 4,337 level, Filecoin still has the potential to appreciate to the 5,189 level and if the momentum and volatility support it, 5,421 will be the next target.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
© 2007-2025

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

Earn on cryptocurrency rate changes with InstaForex

Download MetaTrader 4 and open your first trade