FIL Price Analysis – Kriptom

The bulls are trying to hold the FIL / USD pair above $ 73.79, which marks just below the 38.2% Fibonacci retracement level of $ 75.74. If the bulls are successful, the rate could rise to $ 96.66 again.

A break and close above this resistance could start the next leg of the uptrend, which could reach $ 128.55.

Conversely, if the bears pull the price below $ 73.79, the pair could drop to the 20-day EMA ($ 59.95). A strong recovery from this support will indicate that the trend remains positive, but a break below it, a short-term peak may be present.

However, the bears have no mercy as they aggressively defend the $ 86 level. If the bears pull the price below the 20-EMA, the pair could drop back to $ 73.79. A break below this level will give the bears an advantage.

Alternatively, if the pair returns to $ 73.79, it can extend its stay within range for a few more days. Flattening 20-EMA and gradually weaker RSI also point to a possible consolidation. A break above $ 86 could indicate a resumption of the uptrend.

To get the latest news To our Telegram channel, To our Twitter page and To our Facebook page You can subscribe.