#FIL🔥🔥

Interesting technical signal! If in the 4-hour time frame (T4H) the 50 moving average is close to crossing above the 100 moving average, it could indicate a positive change in the short-term trend. This is known as a golden cross in smaller time frames and usually attracts buyers.

Let's see what it implies:

Implications of the crossover in T4H:

1. Bullish signal:

• If the crossover is confirmed with good volume, it could be the start of a sustained upward trend.

• It will likely attract short-term traders who will push the price towards immediate resistances.

2. Nearby targets:

• $7.5 - $8: Immediate resistance zone.

• A breakout here could lead to $12.

3. Confirmation:

• Check if the price also surpasses key horizontal resistances (like $5.5 or $6).