Filecoin vs Tether Long-Term (Weekly) Chart

٢٩ مارس ٢٠٢٢

When we look at the weekly chart for FILUSDT (Filecoin), everything is crystal clear...

We have a falling weedge pattern that broke bullish;
We have a break and close above EMA10 (last week);
We have a bullish cross on the MACD;

This is happening on increasing volume after a lower low.

A higher low is always great because it means the bulls maintained the bullish trend.

If a lower low is hit before a reversal this is also good because the stop-losses have already been activated, the liquidity pool has been tapped... Now the bots have to look up for more money.

Or something like that.
I am not very savvy with technical and conventional terms, I learnt the Dominican way through experience, practice and loss, huge losses...

And I rose thanks to your support.

Namaste.