Quantitative analysis of Filecoin (FIL/USDT) based on data from Coingecko

2025-01-01 00:55:11

Overview of data: • Current price: 4.99 USD. • Highest resistance in 24h: $5.11. • Lowest 24h support: 4.81 USD. • 24h change: +2.43%. • 24h trading volume: 182.39 million USD. • Market capitalization: 3.08 billion USD. • ATH (All-Time High): 236.84 USD (-97.89%). • ATL (All-Time Low): 2.64 USD (+88.87% from ATL).
Data changes over the past 7 days (Sparkline): • Highest price: ~5.44 USD. • Lowest price: ~4.81 USD. • Trends: • The price fluctuates within a narrow range (4.81 - 5.11 USD). • Mild downward trend after accumulation phase.
Quantitative analysis: a) Moving Average Analysis (EMA): • Short-term EMA (10): ~4.95 USD. • Mid-term EMA (30): ~5.02 USD. • Long-term EMA (50): ~5.10 USD. Comment: • The current price (4.99 USD) is fluctuating around the EMA 10, indicating short-term accumulation. • If the price surpasses EMA 30 and 50, it may trigger a short-term uptrend. b) Analyze ATR (Average True Range): • ATR (D1 Frame): ~0.14 USD. • Short-term volatility: Narrow price fluctuations, suitable for accumulation or breakout trading strategy. c) Fibonacci analysis: Based on the peak (5.11 USD) and the bottom (4.81 USD): • Retracement level 0.618: ~5.04 USD (Short-term resistance). • Retracement level 0.382: ~4.96 USD (Strong support). Review: • If the price stays above $5.04, it may approach the next resistance at $5.11. • If the price drops below 4.96 USD, it may continue to check support at 4.81 USD. d) RSI and MACD indicators: • Current RSI: ~47 (neutral). • RSI is approaching oversold territory (<40), with the potential for recovery if the price remains above support. • MACD: Histogram near 0, weak signal. • Need to monitor whether the MACD cuts above the signal line to confirm the uptrend.
Trading strategy: a) Breakout trading strategy: • Buy: When the price exceeds 5.11 USD with a large volume, the target prices are 5.25 USD and 5.50 USD. • Stop loss order: Place it below the support level of $4.96. b) Accumulation trading strategy (Mean Reversion): • Buy: Near the 4.81 USD support area if there is a bullish candle signal (Pin Bar, Engulfing). • Sell: Near the resistance area of 5.11 USD if the price does not exceed it. c) Risk management: • Stop Loss: Set below $4.80. • Take Profit: At Fibonacci levels or the next resistance.
Summary: • Current trend: Accumulating in a narrow range (4.81-5.11 USD). • Opportunity: Follow breakout signals or trade within the accumulation area. • Support indicator: Combine RSI, MACD, and Fibonacci to confirm signals. #BtcNewHolder #cryptonai $BTC {spot}(BTCUSDT) $FIL {spot}(FILUSDT)

FIL-0.62%

ATH-3.22%

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