Potential invh&s on filecoin daily chart
Not guarantee this plays out and usually nor wise to chase an inv h&s trade until the right should completes on the neckline, but considering the crypto market appears to be resuming its uptrend soon it does greatly increase the probabilities of this playing out so it’s worth keeping an eye on imo. *not financial advice*
Note
Seems to be breaking above here, however as you can see it already dipped back below the neckline once so it can potentially do that 1-3 more times before finally confirming the breakout and not be any sort of out of the norm behavior. For now though, this 2nd break above the neckline looks like it may get validated.Note
Just realized Filecoin was created in the USA and if it still based in the US, should Trump actually follow through with exempting US cryptos from capital gains tax, then Filecoin will see massive pumps with the rest of them. I’m not saying that that would cause Filecoin to ever revisit or surpass its previous all time high of $237, but if it did that would be 5,000% gains from its current price. If Gregg Kidd is still a big holder of Filecoin then that imo would greatly increase the probability of it revisiting its old all time high. Haven’t heard Gregg speak about it recently so I’m not sure. *not financial advice*Note
Target hit!
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.