- FIL raised ICO of 205M in 2017 and announced opening in 2019
- Later, the launch date of this coin was pushed back to 2020 because of block formation (Blocks-148,888)
- RSI for FIL (for today) shows the OVERBOUGHT action.
The token has been forming the pattern of a three inside up. FIL rose by 4.16% on Thursday. Following a 2.59% gain from Tuesday, FIL ended the day at 57.84. The last known price of this coin is 60.55. A mixed start for the day saw FIL rise to an early morning intraday low of $56.89 before hitting reverse. FIL broke the first resistance level at $59.82 and the second resistance level is just ahead at $60.36. FIL saw just the reversal, that is the intraday high went to 61.04.
FIL acquired support through the second support level at $57.52 after falling to the intraday low and first support level acted as a catalyst at $58.06 level that led to the formation of a monthly high at 61.04.
At the time of writing, FIL was up by 7.85% to 60.17.
It has the current trading volume(s) of 565,843,449 with a gain of 34.91% over the last 24 hours. FIL has addresses of 11,605 holders with the active transfer(s) of 761,572 in the last 24 hours. The circulating supply of token is 94,415,374.15 FIL coins and a max. supply is not mentioned. The total supply (The amount of coins that have been already created, minus any coins that have been burned. It is analogous to the outstanding shares in the stock market.) is the same as circulating supply.
SMA-20, SMA-50 and SMA-200
The chart above shows the movement of FIL where 200 DMA has been running below SMA-20 and SMA-50. It is SMA-20 which is also above SMA-50. We see the token with respect to SMA’s which are 20, 50 and 200. Running of SMA-20 above the other two SMA’s results in profits to its holders. The returns are formed at the time of writing to 35%, if bought at 47.20.
The pattern formed on a 4 hours period chart is upwards and the trend line marked shows this upwards shifting.
BUY or SELL?
An RSI oscillator is also present in the chart which shows the proper time to buy or sell the token. RSI for the last 5 hours shows the value of 77.273 and marks the overbought action. MA-5, MA-10 shows the buy action. MA-20 shows the buy action. Even MA-100 and MA-200 show the same buy action.
The bull/bear power has the value of 4.6200 and shows the buy action. The high/low marks the buy action with the value of 0.3131
The FIL-BTC pair is trailing at the level of 0.001486 and the gain of 3.84% was seen whereas the FIL-ETH pair is at 0.02161 and the high of 4.00% was seen in the last 24 hours. The volume/market cap of the token is 0.0993 and its market dominance is 0.34%.
Conclusion: FIL is moving on a steep path and the crypto holders are showing deep interest in it. Well, this would be a fine time to sell your FIL holdings. However, the coin would go up a little more but waiting for such conditions might be risky.
The days range for the coin is 55-61. The FIL ATH is 237.24 and ATL is 1.83.
FIL ROI (approximate return on investment if purchased at the time of launch) is 424.41%.
Technical Instruments:
Pivot: 58.94
R-1: 59.82
R-2: 60.36
S-1: 58.06
S-2: 57.52
Note:
- The unit is USD
- SMA-20: Green colour
- SMA-50: Red colour
- SMA-200: Blue colour