Filecoin (FIL) Possible Short Squeeze Incoming....25-90% Upside
Filecoin looks set for a massive bounce for the following reasons:
Here I present 3 fractals which are based on the recoveries from similar capitulations in the past.
- 1.) Recent overly exaggerated downside move due to China FUD, and usually this sort of fundamental FUD is followed by strong bounce.
- 2.) Upcoming Filecoin Launchpad Demo Day around the corner on 9/28 could be the fundamental boost needed to help Filecoin recover sentiment.
- 3.) Filecoin has been one of the most sold off coins the past 6M, 1M, and 1W (-65%, -32%, and -25% respectively)
- 4.) FILUSDSHORTS approaching recent highs, due for short covering / thereby increasing buy pressure.
Here I present 3 fractals which are based on the recoveries from similar capitulations in the past.