FIL
Filecoin Full Correction Completed | Strong Bullish SignalsWe are looking at the weekly timeframe for Filecoin (FILBTC), which means that the signals here are really strong.
We have a perfect falling wedge pattern breaking bullish and a bounce at long-term support.
Prices are bouncing at the May 2020 support level.
We have a volume breakout this week...
And a young bullish cross on the MACD:
We also have long-term hidden bullish divergence with the RSI and MACD (since September 2019).
Namaste.
FIL Breakout and Bottomed OutFIL has broken out of downtrend resistance after faking out the previous low with a high volume bottom and being very oversold on the HTF.
3D RSI reset with bullish divergence above the MA with lots of room for upside, MACD on weekly converging and showing first green bar on histogram and bullish crossover of MA’s.
Price action has created bullish reversal pin bar candles on the weekly TF, on the daily price has put in a new higher high with volume coming in strong, would expect to see a reversal here and the start of HH’s and HL’s.
Looking to flip the first area of daily supply and take out the high for continuation higher.
$FIL for Daytraders good opportunity to buy #Filecoin 1H ChartHey Traders,
FIL on binance is ready to reach the mentioned levels as per my analysis, its a short term position, stoploss and targets are mentioned in the chart and below!
STOPLOSS 4H close below 17.35$
Tp1 18.88$
Tp2 19.90$
Tp3 22.30$
USE Your Risk Management, and never use more than 5% in any trade.
NFA, DYOR, and Good Luck.
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FIL time to shine?To start, regarding my last MANA post, all is still in tact, it's just taking longer to perform than some other tokens. This is why it's best to have a few tokens in your bag. While MANA and FIL have been languishing I had a great trade with ETC, added 33% to my entire portfolio value in a week with that one trade (not pennies by any means). As MANA and FIL sat I kept rolling into ETC, as ETC topped, started rolling back into FIL as the strength was showing, letting my MANA bag ride and will add on breakout, which has yet to happen.
As for FIL, it's all in the chart. My near-term target (1-2 weeks) is $60. Good luck!
Filecoin (FIL) Buy ZoneFilecoin (FIL) Buy Zone
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BIAS
Long-Term : Bullish
Risk : Medium
Filecoin has just confirmed its strongest long-term support, looking like it’s ready to break its previous mid-term highs next couple of days.
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$FIL/USDT LONG SETUP
Leverage : x3 - x5
Entry Price : 17.3 - 16.6
TP 1 : 17.9
TP 2 : 18.5
TP 3 : 19
TP 4 : 19.4
TP 5 : 19.75
TP 6 : 20.35
TP 7 : 21.3
TP 8 : 23.4
Stop Loss : 15.95
*Maximum 3% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
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FIL - Familiar Breakout.. 🤓FIL is showing us a price action that looks really familiar. In 2020, we had a descending trendline (black) which broke out and then we had a minor descending correction (red) which lead to a double bottom before we had a bullish run.
Similarly, we have having exactly the same sequence of events. The next step based on past price action would be a breakout and a bullrun.
Trade idea:
- Watch for price to break out of the descending correction (red)
- enter with stops below the double bottom
- Targets: 114 - 200 - HODL the rest
Let us know what you think.
Goodluck!