#CryptoTrading. #TechnicalAnalysiss #Signal🚥.
📊Technical Analysis (1 hour) $FIL /USDT
$FIL price is trading at ~1.65 USDT, down 0.42% on the day. This is below recent local highs (around 1.77–1.91 USDT at the beginning of the week), indicating a correction after a weekly decline of ~11–12%. The overall short-term trend (1–4 hours) is neutral with a bearish bias, but with a potential for a rebound through neutral oscillators.
Key indicators (from the chart):
• Bollinger Bands (20.2): Price is touching the lower band (1.57 USDT), the upper band is 1.67 USDT. The compression of the bands signals possible volatility and a potential reversal.
• RSI (6/12/24): 58.30 / 56.52 / 53.19 – neutral (not overbought/oversold), but close to 50, which supports stability without strong selling pressure.
• MACD: 0.007 (positive, line above signal), DIF 0.006, DEA -0.001 – weak bullish momentum, but without a strong crossover.
• Volume: 116.8 million (below MA5: 816 million), low activity – waiting for a spike for confirmation.
• Trend: Price is below short-term MA (yellow line ~1.67), but above long-term (purple ~1.55). Support: 1.57–1.59 USDT; resistance: 1.67–1.70 USDT.
Overall Outlook: Neutral with bullish potential in the short term (25 bullish vs 7 bearish indicators). Stabilization at 1.65 USDT is expected with a possible rise to 1.70+ on a resistance break, or a drop to 1.55 on a support break. Volatility is high due to the market context (Bitcoin correction).
Signals:
🟢Buy: Entry at 1.63–1.65 (near the lower Bollinger), stop loss 1.57, take profit 1.70–1.77 (R:R ~1:2). Wait for confirmation with volume >150 million and RSI >60. Weak signal due to low momentum.
🔴Sell: Entry at 1.67+ (bounce from resistance), stop loss 1.71, take profit 1.59–1.55 (R:R ~1:2.5). Stronger signal at MACD crossover down and volume <100 million.