FILECOIN CASE STUDYHi,
This is FILECOIN ranked 27th on coinmarket cap. As you can see price is returning back to the breaker. As market structure being shit and price coming back to breaker it is my fav play. I'll keep an eye on it.
How it reacts at the breaker so I'll look for some long setups. Keep an eye on FILE COIN it can move to the upside back to $70 again.
All the best!
Filecoinusdt
FIL 1D There is still some room for upward price movementThe goal from the previous idea for the pair FILUSDT worked out completely and even more.
Who read and listened to our thoughts, could fix at least x2.5 profit within 2 months, or even more for this position).
Today we decided to update the idea of FILUSDT, as there can still be an interesting upward movement.
If in the next 1-2 days, the buyers will keep the FIL price in a narrow range of $110-120 , there will be a very big chance to make a strong impulse upward movement of the Filecoin price.
The zone, where it would be better to completely cover the FILUSD longs and look around, is around $130-160 . And you should pay special attention to the behavior of FIL price near $130 and $160 levels.
And then we can expect the FILUSDT price correction to the liquid zone from below, which is in the range of $60-70
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FIL lurking in the shadows, waiting to pounceFIL is another undervalued project that hasn't kept up with much of the bullish buying happening this entire month. It has strong fundamentals as its partnerships and grants program takes off to fund ideas that will extend the reach of this new world of finance.
BULL CASE
The price could push up well above 200MA and find consolidation near 130.
BEAR CASE
If price fails, we are looking at support at the 70 level before finding resistance near 130.
FIL / BTC - Potentially Strong Gains vs BTCFilecoin may complete an inverted head/shoulders here, with TP 1 and 2 visible as dark grey lines near the top of the chart. Volume has just begun coming in on the weekly chart, and it's clearly shown up in a big way.
It looks quite similar to Ethereum prior to its move against BTC (and its new ATH vs USD). Ethereum weekly chart made an inverted head and shoulders, it had a fake breakout and then fell back below the neckline before finally breaking out for the real run. Filecoin could've been drawn exactly the same way before it made its initial move to its all-time high.
Keep an eye on this one, it may just be getting started, and the previous high may have just been a small preview of what's to come.
The wick on the weekly candle chart from when it exited the initial HSi was insane, see below:
Filecoin (FIL) Looking for another Leg Up?Based on the charts it appears that the massive bull flag that Filecoin has been forming is ready for another move to the upside. Recently, we've seen file coin completely ignore the BTC movements and continue it's uptrend while BTC is indecisive or even retracing to the downside. I'm bullish on Filecoin short term and long term but remember, THIS IS NOT FINANCIAL ADVICE. Trade at our own risk. I'm putting some small amounts to see what happens, if it breaks to the upside I'll add a bit more to my position.
Happy Trading and Good Luck!
FIL 12h Correction took place, where will next move?Another 1.5 months have passed since the publication of the previous idea for the FILUSDT trading pair
The previous idea worked completely.
And those who have listened to our idea and risked placing buckets for purchases in the $90-95 zone can already fix +30% profit.
Future expectations:
1) If the descent of the FILUSD price to the $95-100 zone is smooth, then further growth to $177-180 can be expected
2) If BTC continues to fall and the alts believe it and will begin to fall even more, and the FIL price fixes below $85 , then you will need to place new buckets for buying in the $50-54 zone
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Filecoin potentail swing trade set-upGood day fellow trader,
Filecoin might be getting ready for a shift in momentum. We are at the low of the larger range, healthy correction 61.8. Close to support which gives a good risk-reward set-up.
Buy up to $142
SL $119
The rest of the targets on the chart is mid-long term chart. There are interesting levels in between for profit-taking. Move SL once in profit as per usual.
Monitor the daily chart for more confirmation, at the moment it's still not looking like a reversal. We are assuming the position might cause that in the upcoming days.
Former high is almost $100 away. Which is already a substantial profit move if it happens.
This is not Financial advice,
Good luck to you all
After Consolidation FIL Gives A BreakoutFilecoin price traded at $156 with a gain of 3.21% in the last 24-hour and 18.08% up in the weekly time-frame. Furthermore, FIL bounced back from the support of $131.50. In contrast, the market capitalization stands at $3.26 billion. Technically, investors can perceive a positive crossover in the EMA, and the price is above the EMA-20. RSI index showcases an upward slope. Moreover, the price movement can be towards the resistance of $190.80 in future trading sessions.
Resistance: $190.80
Support: $131.50
FILECOIN Classic Bull Flag Pennant. Ready to Run with the Bulls?After a recent run-up, filecoin is exhibiting a near perfect bull flag pennant. Set your stop loss at previous support and wait for this baby to break resistance. Hopefully this will give you a nice 1:5 run.
Why did the trader cross the road..... to get to the other line
Why do short-sell traders make crappy house builders. Because they always want to breakthrough support
FIL/USDT Prediction AnalysisGood Morning to all respected Investors and Traders,
I made a simple analysis for FIL/USDT
I reckon you guys to entry at my sign 166 - 169 USDT
Buy The Dip! and take profit at my potential target 1 and 2
Especially Filecoin hard fork and network upgrade today!
Time will tell..
Critics and comments are super appreciated..
Thank You!
Best,
PS: This is not a financial advisor. Please DYOR. before entry the market.