Filecoin against Bitcoin is forming a multi-year falling wedge, which is a bullish pattern.
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FILBTC on its way to the multi year line of resistance of the falling wedge. Above this line of resistance FILBTC can get wings for much higher prices
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FILBTC is nicely holding support and is generating higher lows. Even a symmetrical triangle is forming:
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A closer look at the 4hr
Commento:
The 'higher lows' isn't the case anymore because the whole crypto market is going lower. But.. I see a falling wedge (bullish) is forming, see the blu-dotted-lines:
If it beak-out to the upside the FILBTC will hit the ultimate resistance of the multi-year falling wedge. After it will break the resistance it's able to move seriously higher. But this will take a time I think.
If it beak-out to the upside the FILBTC will hit the ultimate resistance of the multi-year falling wedge. After it will break the resistance it's able to move seriously higher. But this will take a time I think.