#fil
The price is currently trading at 1.342 after a sharp decline. The critical support is at 1.337. The Relative Strength Index is at 60.373, which is positive and strong, supporting the continuation of the rebound.
Ethereum (3,119.46) has made a strong rebound and broke the pivot point of 3,100.23 despite approaching overbought conditions. This rebound for Ethereum gives
FIL
an impressive positive boost to stay above its pivot point.
The most likely scenario is an increase of 75%, given the buying strength and stability of
FIL
above the middle limit of 1.342, supported by the positive momentum of Ethereum.
Focus on buy trades as long as the price remains above 1.342.
The best approach is to buy now targeting 1.394, then switch to selling if this level fails or if it breaks 1.337.
1- Buy FIL
Entry: Stability above 1.342
Stop loss: 1.337
First target: 1.394 (strong target before the peak)
Second target: 1.414 (the last peak)
2- Sell FIL
Entry (A): Failed rebound from 1.394 or 1.414 (appearance of a strong negative candle at these levels)
Entry (B): Break and stability below 1.337 (the lower limit)
Stop loss: 1.348 (return above the upper limit)
First target: 1.298
Second target: 1.280
