EDUSELL
Financial Market Examiner
Midas Crypto Vault
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
Financial Market Examiner
No Result
View All Result
Home Crypto News

Filecoin Price Steps Back After Breakout

Admin by Admin
November 2, 2022
in Crypto News
0
filecoin price
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter
MMC MMC

Filecoin (FIL) price saw a jump of nearly 7% last week in just one trading day, which drew in a massive inflow of traders trying to be part of the rally.

The disappointment is huge the next reading day when the whole move is simply reversed, and currently, FIL is pointing to more downward pressure. The sell-the-rally trading plan is still in play and does not look to end soon unless the Fed comes up with a sudden game-changer in the game’s last quarter.

Filecoin price action has been on the back foot for the second day in a row after the bullish breakout from last week, where bulls were able to print a near 7% gain intraday on Saturday. Unfortunately, the aspirations of an extended rally were cut short the day after as a full paring back of the gains occurred. Since then, the 55-day Simple Moving Average has subdued price action and acted as a thumb squashing a fly against the table with $5.31 as a base.

FIL price action already broke through that mentioned $3.31 level this morning and looks to be dangling now above the abyss. The future relies on Fed wording this evening. Should Powell refrain from mentioning any timing on a slowdown of monetary tightening, expect to see a drop lower that would scare bulls away with a test at $4.72 due.

Share on TwitterTweet
Share on Pinterest Share
Share on LinkedIn Share
Share on Digg Share
Tags: filecoin
Institutional Trading Concept Institutional Trading Concept Institutional Trading Concept
ADVERTISEMENT
Previous Post

India To Launch E-rupee For Public Use

Next Post

McDonald’s, pizza and coffee paid in Bitcoin

Admin

Admin

Next Post
McDonald’s, pizza and coffee paid in Bitcoin

McDonald’s, pizza and coffee paid in Bitcoin

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

  • 99 Subscribers
  • Trending
  • Comments
  • Latest
AUD USD pair

Forex: AUD/USD Point To More Downside For The Aussie

October 20, 2022
yen and dollar

FOREX-Yen Flirts With Intervention Level As Dollar See Gains

October 11, 2022
Virtual stadium in the metaverse

Why Virtual Stadium Can Be the Next Big Thing in the Metaverse

January 26, 2023
USDD Depegs

USDD Stablecoin Depegs To $0.96, Tron (TRX) Dumped

December 12, 2022
What is Initial Coin Offering?

Initial Coin Offering (ICO)

0
What is staking?

Staking

0
What is Defi?

Defi (Decentralized Finance)

0
Differences between Axie Infinity and Decentraland

Axie Infinity and Decentraland: Features and Differences

0
What is Wiki Cat

What is Wiki Cat (WKC)?

February 1, 2023
FTX Group Interim Financial Update Contradicts Court Filing, Shows Exchange Had $1.43B In Cash

FTX Group Interim Financial Update Contradicts Court Filing, Shows Exchange Had $1.43B In Cash

February 1, 2023
Tesla Lost Millions In Crypto

Tesla Lost Millions In Crypto

February 1, 2023
UK Treasury Publishes Crypto Framework Paper

UK Treasury Publishes Crypto Framework Paper

February 1, 2023

Recent News

What is Wiki Cat

What is Wiki Cat (WKC)?

February 1, 2023
FTX Group Interim Financial Update Contradicts Court Filing, Shows Exchange Had $1.43B In Cash

FTX Group Interim Financial Update Contradicts Court Filing, Shows Exchange Had $1.43B In Cash

February 1, 2023
Tesla Lost Millions In Crypto

Tesla Lost Millions In Crypto

February 1, 2023
UK Treasury Publishes Crypto Framework Paper

UK Treasury Publishes Crypto Framework Paper

February 1, 2023
Financial Market Examiner

Get all the latest Financial Market (Crypto & Forex) news, updates and other relevant resources here.

Follow Us

Browse by Category

  • Crypto News
  • Education
  • Forex News
  • Gaming
  • Reviews
  • Stocks

Recent News

What is Wiki Cat

What is Wiki Cat (WKC)?

February 1, 2023
FTX Group Interim Financial Update Contradicts Court Filing, Shows Exchange Had $1.43B In Cash

FTX Group Interim Financial Update Contradicts Court Filing, Shows Exchange Had $1.43B In Cash

February 1, 2023

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

?>