Filecoin is trading below the 200-SMA and bull traders are making efforts to overcome the $ 165 resistance level. Several support points could be tested ahead of the next upward move in Bitcoin Cash. Finally, in Theta, the $ 12 threshold has been exceeded and trading volumes should be examined for sharp increases that may occur in the following sessions.
Filecoin [FIL]
In Filecoin, which seems to have been in deep sleep for a while, the $ 165.3 level seems to have limited earnings. The trading activity observed since the end of April has also been far away from the trading activity seen in March and early April. Even though the OBV value was slightly above the last sessions, it did not manage to recover completely. On the 4-hour chart, with the 20-SMA (blue) value remaining below the 200-SMA (green) value, the candles formed remained below the long-term moving average.
For the FIL's return to accelerate, bull investors must break the $ 165 resistance. The next targets can be $ 180 and $ 194. However, with the CMF value remaining above the midline, the liquidity flow surpassed its exit. However, more tips are needed to break the aforementioned resistance levels.
Bitcoin Cash [BCH]
For Bitcoin Cash, more buying activity began to be seen as soon as their price rose above $ 1,000. From this point on, prices gradually reached new highs and even a candle wick rose above $ 1600. At the time of this writing, trading volumes seem to be in a downward trend, which may indicate that the BCH will rest for a while before the upward movement continues. Prices fell to the support point at 1.353, while a divergence was observed in RSI for the bear market. This level is thought to be a focal point for upward movements.
The Fibonacci tool also pointed to several additional support levels. The 50% level is at $ 1,274, while the 61.8% level is at $ 1,200. The Awesome Oscillator (AO) indicator also created a series of red bars, signaling of selling pressure in the markets.
Theta [THETA]
At the time of this writing, Theta has managed to climb above the $ 12 resistance with relatively larger volumes, which indicates that additional purchases are possible. The Supertrend indicator may indicate that it can be bought with a stop at $ 10.6. On the downside, there has not yet been a volatility that could support these price hikes.
The blue points of the Squeeze Momentum Indicator (SMI) value indicate that the market may be in trouble and gains in the market may remain limited even if the momentum is on the buyers' side. 24-hour volume values can be observed against sharp price fluctuations in the upcoming sessions. If the volumes rise, the target for bull investors is seen at $ 13 and $ 14.
These analyzes are definitely not investment advice. It is only a recommendation for investors. I am waiting for your likes and comments.
I had a good amount of Filcoin on binance last month which I misused it now I got regrets.