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janor123

Filecoin (FIL) Possible Short Squeeze Incoming....25-90% Upside

Long
FIL / TetherUS (BINANCE:FILUSDT)  
janor123  
BINANCE:FILUSDT   FIL / TetherUS
Chart Patterns Fundamental Analysis Technical Indicators filecoin FILUSDT FILUSD Cryptocurrency Bitcoin (Cryptocurrency) moon lambo
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chartpattern fundamental indicator filecoin filusdt filusd cryptocurrency bitcoin moon lambo
Filecoin looks set for a massive bounce for the following reasons:

  • 1.) Recent overly exaggerated downside move due to China FUD, and usually this sort of fundamental FUD is followed by strong bounce.
  • 2.) Upcoming Filecoin Launchpad Demo Day around the corner on 9/28 could be the fundamental boost needed to help Filecoin recover sentiment.
  • 3.) Filecoin has been one of the most sold off coins the past 6M, 1M, and 1W (-65%, -32%, and -25% respectively)
  • 4.) FILUSDSHORTS approaching recent highs, due for short covering / thereby increasing buy pressure.

Here I present 3 fractals which are based on the recoveries from similar capitulations in the past.
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