Filecoin against Bitcoin is forming a multi-year falling wedge, which is a bullish pattern.
Note
FILBTC on its way to the multi year line of resistance of the falling wedge. Above this line of resistance FILBTC can get wings for much higher pricesNote
FILBTC is nicely holding support and is generating higher lows. Even a symmetrical triangle is forming:Note
A closer look at the 4hrNote
The 'higher lows' isn't the case anymore because the whole crypto market is going lower. But.. I see a falling wedge (bullish) is forming, see the blu-dotted-lines:If it beak-out to the upside the FILBTC will hit the ultimate resistance of the multi-year falling wedge. After it will break the resistance it's able to move seriously higher. But this will take a time I think.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.