Filecoin's recent trend is quite interesting. At the beginning of last month, it surged for two consecutive days, more than tripling, but then it plummeted straight down. By mid-month, the decline had approached three-quarters. The market is always unpredictable.



However, the situation has been changing in recent days. A double bottom pattern has formed on the daily chart, nearly eight days in length, with the second bottom only appearing the day before yesterday, followed by a rebound in price. From the daily perspective, there are signs of an upward trend. Looking at the 1-hour level, it is still continuing to rise. If this pattern can be confirmed, there should be good room for a rebound. Friends interested in FIL can keep an eye on this opportunity.
FIL1.46%
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FancyResearchLabvip
· 5h ago
Another double bottom pattern, theoretically it should work. But once again, I have to do some construction in the chart with my Luban No.7. Last time I looked at this pattern, I got trapped directly, but now I’ve mastered it.
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LayerHoppervip
· 5h ago
Triple quick retracement of three-quarters, this is the crypto world, brother... Wait, is the double bottom confirmed? I need to take a close look at how far this rebound can go. Can it really break the previous high this time, or is it another roller coaster... FIL is really a roller coaster to deal with, I'll get on again during the next rebound. The hourly level continuous upward trend is indeed interesting, but I still think it's better to be cautious.
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HodlKumamonvip
· 5h ago
A threefold surge followed by a three-quarter retracement—how strong must that heart be, haha. The double bottom pattern is indeed interesting, but the bear still wants to say that based on historical data, the success rate of confirming such a pattern is only about 60%, so don't be overly optimistic. Wait for the price to retouch the support level before considering entering the market. Dollar-cost averaging (DCA) is the bear's faith.
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NFTRegretDiaryvip
· 5h ago
Here it comes again, I've looked at this double bottom three times... Every time they say it will rebound, but what happened? This FIL coin is a piece of trash, tripling in price is just fate, dropping three times is also fate. Anyway, I've learned to cut losses. Let's wait for confirmation before talking. Entering now just makes you a bagholder. If this wave really takes off, I'll do a live stream eating a keyboard. Don't fool me. Is the hourly chart showing an uptrend? Last time it did too, then a big bearish candle on the 4-hour chart wiped it all out.
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BlockchainBrokenPromisevip
· 5h ago
Double bottom rebound, whether this wave of FIL can hold up depends on the subsequent trading volume. --- It's the same old trick, tripled in price then cut in half, this is the nature of the crypto world. --- The daily double bottom sounds good, but I got burned the last time I heard this saying. --- If the hourly chart shows an uptrend, then it's an uptrend. Anyway, this kind of technical pattern will eventually be broken. --- Why is it always "good rebound potential"? Rebound to where? --- Morphological confirmation is nonsense, just indicators lying, FIL still needs to continue falling. --- Is this for real this time? I don't believe it anyway, I've been burned too many times. --- If the double bottom is confirmed, then it's worth paying attention to. --- Sigh, here we go again. When my hands itch, I look at this kind of analysis, but in the end, I'm still caught in a trap.
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