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Even though on the 4-hour chart the Filecoin cryptocurrency is currently in a strengthening condition, which is shown by the EMA 20, its position is still above the EMA 50, but with the emergence of deviations between Filecoin price movements which form a Higher High, conversely the Stochastic Oscillator indicator forms a Higher Low, giving an indication that the Seller's strength is now starting to come in so that in the near future Filecoin has the potential to fall lower to level 4,274 as the main target and if the momentum and volatility support it then 4,068 will be the next target to be aimed at, only if it is on its way to the target- If the target suddenly undergoes a stronger correction, it will penetrate above level 4,632, then all the strengthening scenarios described above will become invalid and automatically cancel by themselves.
(Disclaimer)
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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