FIL & ETC : Market Outlook and Trading Strategy
$FIL trading near $1.03, FIL is showing short-term bullish momentum following a network upgrade focused on rewarding storage providers that attract paying customers. Support sits at $0.99–$0.95, while resistance is around $1.06–$1.11. A breakout above resistance with strong volume could open the door to further upside; losing $0.99 may trigger another pullback.
$ETC trading near $7.96, ETC is benefiting from improving momentum and rising trading volume. Support lies around $7.83–$7.74, with resistance near $8.07. Holding support could sustain the recovery, while a confirmed breakout above $8.07 may attract additional buyers.
Strategy : Watch volume and candle closes before entering. Consider buying only after a confirmed breakout or a successful support retest, with stop-losses below invalidation levels. Both assets remain vulnerable to broader market volatility.
Key takeaway : FIL is testing a key resistance zone, while ETC is attempting to extend its recovery. Confirmation matters more than chasing price.
#fil #ETC #EarningsSeason #KoreanRetailLost6.3TrillionWonOnLeveragedETPs #ZcashDevelopersConfirmNovemberDateForNU7Upgrade
$FIL trading near $1.03, FIL is showing short-term bullish momentum following a network upgrade focused on rewarding storage providers that attract paying customers. Support sits at $0.99–$0.95, while resistance is around $1.06–$1.11. A breakout above resistance with strong volume could open the door to further upside; losing $0.99 may trigger another pullback.
$ETC trading near $7.96, ETC is benefiting from improving momentum and rising trading volume. Support lies around $7.83–$7.74, with resistance near $8.07. Holding support could sustain the recovery, while a confirmed breakout above $8.07 may attract additional buyers.
Strategy : Watch volume and candle closes before entering. Consider buying only after a confirmed breakout or a successful support retest, with stop-losses below invalidation levels. Both assets remain vulnerable to broader market volatility.
Key takeaway : FIL is testing a key resistance zone, while ETC is attempting to extend its recovery. Confirmation matters more than chasing price.
#fil #ETC #EarningsSeason #KoreanRetailLost6.3TrillionWonOnLeveragedETPs #ZcashDevelopersConfirmNovemberDateForNU7Upgrade