In the ever-changing forex market, staying informed is crucial for success. Here's the latest professional analysis from RobotFX.
[Filecoin]
With all technical analysis conditions which indicating the weakness, then selling pressure on the Filecoin cryptocurrency continues today toward its nearest support level.
Key Levels
Recover from drawdowns intelligently with the Auto Recovery Expert Advisor for MT4/MT5. Perfect for hedging strategies. Learn more.
1. Resistance. 2 : 0.951
2. Resistance. 1 : 0.922
3. Pivot : 0.897
4. Support. 1 : 0.868
5. Support. 2 : 0.843
Tactical Scenario
Pressure Zone: If the price breaks down below 0.868, there is potential pressure toward 0.843.
Momentum Extension Bias: If 0.843 is breached to the downside, Filecoin may continue weakening to 0.814.
Invalidation Level / Bias Revision
The downside bias is restrained if the price breaks above 0,951.
Technical Summary
EMA(50) : 0.895
EMA(200): 0.906
RSI(14) : 43.23
Economic News Release Agenda:
Tonight the United States will release the following economic data:
US - Core CPI m/m - 20:30 WIB
US - CPI m/m - 20:30 WIB
US - CPI y/y - 20:30 WIB
Thank you for reading. Level up your trading with proven RobotFX expert advisors – check them out now.
Please do not spam; comments and reviews are verified prior to publishing.