FIL Technical Analysis: Dangerous For Investments

A promising and highly volatile project turned from success and positivity and in fact became a harbinger of the apocalypse. If most cryptocurrencies began correction in November 2022 – the FIL cryptocurrency began a protracted fall wave in September 2021. The final hope of investors to continue the FIL price growth disappeared after losing the mark of $33. The situation is that it was expected to at least rebound from this mark, the $33 mark had historical value. In February 2021, buyers managed to take control of this mark. And only after its retest did the global wave of growth begin. https://www.tradingview.com/x/oZDCmXoX/ The probability that there will be a large number of people willing to buy FIL near the mark was high. However, in the weekly timeframe, we see a complete lack of interest. The coin price only slowed down a bit near this range. Currently, the FIL price is below the next $22 liquidity zone. Sellers broke through and took control of this mark. If buyers are hit after the current consolidation to regain control of $22 – we can expect the beginning of a new growth wave. However, the final signal for the bull run in the FIL market will be breaking the global trend line of buyers in the range of $33. Technical Analysis Of FIL On The Daily Timeframe https://www.tradingview.com/x/AtJuMrI7/ Analyzing the FIL price movement on the daily timeframe, we can note the weakness of buyers. First, the local market reversa...