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FIL

✴️ Filecoin | Trend Reversal (Name Your Altcoin #30 ✅)
The market has two main cycles, bear and bull or up and down. GREE and RED. Once one cycle is over, the next one starts. This can remove a lot of the complexity of buying and selling. So, can we make a case for the bearish wave to be over for Filecoin vs Tether (FILUSDT)? If the bearish wave is over, a bullish wave follows... But we can have bearish waves within bullish cycles and bullish waves within bearish cycles. Corrections in short. In a period of 623 days, Filecoin dropped by 99%. That's -99.02% from the March 2021 All-Time High, to the December 2022 All-Time Low. We have that one on our side... The bottom is likely in already based on the simple fact that altcoins tend to correct between 93-98% on their USDT pairs. This one went beyond and hit 99%. The next signal is the trading volume. I mentioned this one tons of times in the past but then moved to some other signals... Some of you might remember it. We have really high bear volume in August 2022. As a new low is hit in December, this bear volume is much lower... Telling us that the bears are exhausted. We can also spot a 5 down-wave pattern. When we can easily count 5 waves, the current move is very likely over. What follows is a correction which in this case would be an upward correction a or full change of trend. The change of trend would signify the market switching from bearish to bullish. These are very strong signals. Anyway, we don't have to guess or be right. If I am trading, I just need to define my support levels, define my risk/stop-loss. We can have two stop-loss based on personal risk tolerance or trading style. A short-term one and long-term one. Everybody has to do their on thing so I am only sharing some info that you can use the improve your own trading, confirm something, learn or just be entertained. Short-term, $4.00 is the main support. One or two weekly sessions/candles closing below this level can lead to closing a trade. Long-term, the Dec. low. If FILUSDT closes below $2.32 once or twice then any bullish potential has been completely removed... Now the good part. Any trading above $4.00 is super-bullish. Any trading above the $2.32 December low and there is potential for FILUSDT to move up and grow long-term. Thank you for reading. Thanks a lot for your amazing support. Here we finish Part 3 of Name Your Altcoin. Namaste.
Long
by MasterAnanda
6
FILBTCIn the first days of 2023, the FILBTC registered a 14% increase, even so it needs to surpass 0.0002164 to be able to break the downtrend it is in. Breaking it, it will seek the MM200 at 0.0002749. The Fil unbelievably corrected over 98%, and recovering the top can be a major hurdle. But the pair itself is worth the Hold as it was designed to be a decentralized cloud storage system. Filecoin launched an NFT storage platform and took over the main NFT market, OpenSea, as a customer. The position remains open, which in itself is worth holding
Long
by ferulianov
1
FILUSDT 1HThe one-hour chart shows that the pair is in an uptrend. The FIL is testing the bottom of the Ichimoku cloud and will soon retest the Keltner channel median. RSI in the overbought area suggests that buyers have the upper hand The 200 MM ($4.83) is the important support to watch on the downside, because a dip below it can break every uptrend. of the company today reflect the worsening conditions generated by the increase in interest rates in the US, which has resulted in cost and job cuts. Since its ATH, it has devalued over 98%, and regaining the top can be a major hurdle, but not impossible as filecoin was designed and branded as a decentralized storage system. Key support levels: 5,222 / 4,831 Main Resistance Levels: 5,637 / 5,790
Long
by ferulianov
Filecoin FIL price "more dead than alive", what next ?Two months ago, we made the idea of FILUSDT, where we wrote that the price was at a critical point near $5. Unfortunately, the fall in the cryptocurrency market continued, and the FIL price reached the target of $3 Moreover, the price of Filecoin token on 16.12.22 updated its absolute price minimum - $2.42 What do you think caused a -40% drop in the FILUSD price in just 15 minutes on 16.12.22, write in comment? The most positive scenario at this moment for FILUSDT is consolidation around $3 with further growth to $5 It will be unrealistic to break above this level the first time. If you believe in this project, the price of current purchases is close to the minimum. A similar situation on the FILUSDT chart was in December 2018, but there is a nuance, then the BTCUSDT price "trampled" the bottom around $3200, and now Bitcoin is 5 times more expensive (Fil unfortunately not...) _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
41
Filecoin Trade RecapTrade Recap: 5 Trades 4 Long Trades 1 Short Trade Here in the M15 Chart of Filecoin after a strong selling pressure yesterday we found ourselves in an area of value or a buy side liquidity where a lot of potential buyers did come in and push the price higher increasing buying pressure. As you can see here: You can identify the buying pressure or buy side liquidity for those who does ICT's (which I am trying to learn and apply) Therefore in the LTF (lower timeframe) I decided to take long trades. Long Trades: Short Trades
FShort
by xCryptoFutures
FILUSDT DIncredible as it seems, FIl has already corrected 98.54% and is at its lowest support since its existence. On the daily it formed a perfect triangle about to explode upwards. RSI indicating exhaustion of selling forces, indicating a good moment of entry. Fundamentally, it goes without saying, it lets you store stuff without taking up space on your hard drive. It is one of the altcoins that has suffered the most from the sector's crises, but which will undoubtedly recover. On the daily its support is at 3,845 and its next resistances at 4,326 and 4,870.
by ferulianov