FILUSDT → Pre-breakdown consolidation. Prepare for growth by 50%

2024年3月29日

FILUSDT is still in the bearish trend phase and is squeezed under the global trend resistance against which a pattern is forming that could turn the market.



Lately, the coin has been building volume and increasing liquidity, but it is still trading under the pressure of resistance. A symmetrical triangle is forming relative to this line on H4, a break of which resistance is capable of breaking the global trend. Why can the resistance of this figure be broken? Because a pre-breakout consolidation is formed relative to this boundary and the market starts to go beyond it.

Resistance levels: 9.543
Support levels: 8.994

Resistance at 9.543 currently restrains the market from realizing the accumulated potential. But the overall setup hints at the readiness to break this area, which will start forming an upward momentum. Targets in this case could be 11.780 and 14.43

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Regards R. Linda!

2024年3月29日

註釋

Price continues to strengthen after breaking through the level.

2024年3月30日

註釋

If the bulls keep the price above this area, then only growth will follow