FIL is currently transitioning from a strong descending channel structure into a compression phase. After the sharp selloff inside the blue descending channel, price found support near 0.80 and started forming higher lows, signaling short term stabilization.
Now price is trading inside a tightening structure between a rising orange trendline support and a descending red resistance trendline. This creates a symmetrical compression zone, typically a precursor to expansion.
The key support sits around 0.893 to 0.900. As long as this level holds, buyers maintain short term control. Immediate resistance is near 1.02, followed by 1.159, which aligns with higher timeframe structure.
If price breaks above the descending resistance and reclaims 1.02 with strong momentum, upside targets toward 1.30 and potentially 1.50 come into play, aligning with the broader dashed macro trendline.
However, if 0.893 fails and price breaks below the rising support, a deeper pullback toward 0.80 becomes likely before any bullish continuation attempt.
Right now this is a decision zone.
Break upward confirms structure shift.
Break downward keeps the broader bearish pressure active.
Now price is trading inside a tightening structure between a rising orange trendline support and a descending red resistance trendline. This creates a symmetrical compression zone, typically a precursor to expansion.
The key support sits around 0.893 to 0.900. As long as this level holds, buyers maintain short term control. Immediate resistance is near 1.02, followed by 1.159, which aligns with higher timeframe structure.
If price breaks above the descending resistance and reclaims 1.02 with strong momentum, upside targets toward 1.30 and potentially 1.50 come into play, aligning with the broader dashed macro trendline.
However, if 0.893 fails and price breaks below the rising support, a deeper pullback toward 0.80 becomes likely before any bullish continuation attempt.
Right now this is a decision zone.
Break upward confirms structure shift.
Break downward keeps the broader bearish pressure active.
Market Structure • Price Action • Crypto Updates
🔗 Telegram: t.me/Coach
🔗 Telegram: t.me/Coach
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Market Structure • Price Action • Crypto Updates
🔗 Telegram: t.me/Coach
🔗 Telegram: t.me/Coach
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。