FIL is setting up for a potential breakout move on the 6-hour timeframe. The price action shows a broadening wedge pattern taking shape, and there's clear consolidation holding above key support and resistance levels. This could be the springboard for a meaningful rally. Trading volume is picking up nicely—the momentum indicators are flashing green. If these levels hold, we might see some serious upside action unfold. Worth monitoring closely.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
11 Likes
Reward
11
6
Repost
Share
Comment
0/400
MonkeySeeMonkeyDo
· 5h ago
Even the square dance grandmas can tell this wave is about to take off
View OriginalReply0
EyeOfTheTokenStorm
· 5h ago
According to my quantitative model analysis, this wedge consolidation indeed has the characteristics of a classical bull market pattern, but don't be fooled by the short-term green light. Historical data tells me that 2017 also looked like this, but the market structure has long since changed.
View OriginalReply0
MetaverseVagrant
· 5h ago
Is FIL about to surge this time? I find the broadening wedge a bit suspicious; how many people have been fooled by this pattern before... However, the trading volume is indeed picking up, the green lights are fully on, which is tempting, but I still prefer to wait for a breakout.
View OriginalReply0
NeverPresent
· 5h ago
Is this wave of FIL really about to take off? I need to keep a close eye...
View OriginalReply0
ETHReserveBank
· 5h ago
Looking at FIL's current pattern, it's quite interesting. I'm just worried it might turn out to be a false alarm again.
View OriginalReply0
RektRecorder
· 6h ago
Fil is doing this again? You said the same thing last time, and it got crushed down.
FIL is setting up for a potential breakout move on the 6-hour timeframe. The price action shows a broadening wedge pattern taking shape, and there's clear consolidation holding above key support and resistance levels. This could be the springboard for a meaningful rally. Trading volume is picking up nicely—the momentum indicators are flashing green. If these levels hold, we might see some serious upside action unfold. Worth monitoring closely.