Filecoin: ⬇️ Sell
– Filecoin broke key support level 1.435
– Likely to fall to support level 1.000
Filecoin cryptocurrency recently broke below the key support level 1.435, which reversed the price twice from the start of December (this level also supported the coin during most of October).
The breakout of the support level 1.435 accelerated the active impulse wave v of the higher downward impulse wave C from November.
Given the overriding daily downtrend, Filecoin cryptocurrency can be expected to fall further to the next support level 1.253 (monthly low from November) – the breakout of which can lead to further losses to 1.0000.
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