Filecoin: A Fictitious Macro Falling Wedge. 
2024-12-19
Category: None

Hello. 

This is a fake chart about Filecoin. 

After a serious 150%+ plus run-up in November 2024, you had a serious seller whom cut bags. 

This is typical of Filecoin and she moves like nothing I've seen. Best believe she means the direction. 

Usually, Filecoin follows the rules and runs down to the "50% rule" of Retracement. 

Then generally, after that, will continue to rug it's face off. 
(75% retrace or >100% retrace) 

We have three serious Fibs to consider:

(0.382) - $17.502
(0.236) - $8.215 
(0) - $2.419

The median target would be $4.00 - $4.50 price range on a significant retrace. 

Potentially, Filecoin can run straight to $15-$21 by EoY. This is unlikely, but possible. 

I believe we are in a type of Bullish Correction called a "Falling Wedge". 

I would only suggest looking for buys periodically, and on significant dips. 

Also, remember this about Filecoin:
 
"People were sold Filecoin at .97cents on pre-sale."

Never forget that. 

Enjoy,

Mr. Storm