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24.02.202308:09 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Filecoin Cryptocurrency, Friday February 24, 2023.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 24.02.2023 analysis

With the appearance of Descending Broadening Wedge pattern as well as followed by the appearence of deviation between price movement with Stochastic Oscillator indicator also followed by the appearance of Bullish 123 pattern on its 4 hour chart, then Filecoin cryptocurrency has the potential to appreciate up to the level 7,989 if this level successfully broken above then the next level to test by Filecoin is 9,052 with the note that during the upward movement there was no downward correction that exceeded the 6,408 level because if this level is successfully broken down, all of the above scenarios will become invalid and cancel automatically.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
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