$FIL - Bullish and ready to go higher !We have a great Adam and Eve double bottom formation on higher timeframes.
#FileCoin is one of those coins that is currently trading far from its ATH price and has so potential and good fundamentals .
Beside, it's on #Grayscale list and when it comes to pump, it is always a different one.
NFA
Good luck !
FIL
TOP Actual Forecasts: BTC ETH BNB NEO FIL LINK DASH SNX ZECHi,there! Over the past 2.5 months, we have created 91 forecasts in Tradingview. Today we decided to filter out forecasts that are moving well according to the scenario, but have not yet reached the final targets . We hope this information will help you make money on the cryptocurrency market. Let's start with the fact that the trading period from May to August was a period of correction. This correction was in the form of consolidation on low volumes. This period is dangerous for trading , since the market is currently the most manipulative.
Therefore, during this period, we reduced the size of our trading positions 4 times and also filtered the number of trading situations in the market. We cannot say that this period was pleasant, but this is already a topic for another publication - namely, the analysis of our trades) If you would be interested in such a heading - write about it in the comments!
During the correction period forecasts worked out worse. For example, from 91 forecasts that we published:
Worked out - 15
Didn't work out - 21
In the process of working out - 55
It should be understood that we publish short and medium term forecasts. An incorrect assessment of the short-term situation and the medium-term situation are completely different mistakes.
Among the forecasts that are in the process of fulfillment, the following may be of interest to you:
THETA We published this forecast on 4 June, expecting THETAUSDT price fall. The fall wave has passed and now the price is at an important level, which should determine the medium-term price movement:
Bitcoin A global positive scenario in the BTC market is still possible. The fractal is working out and now it is important for buyers to keep the range of $34,500-35,500. The final target of this scenario in the BTCUSDT market is impressive:
TFUEL A cryptocurrency that has grown well in the past has good prospects. On 9 June, we published a forecast for price reduction. Sellers overdid it and lowered the price below $0.31. But as soon as buyers take control of this mark, it will be a signal for continued growth.
Ethereum In the forecast of the price movement on the ETH market, everything was decided by the level of $1700. In our idea, we published a purchase zone, which worked well. Now we expect a test of the critical level of $3000-3300.
BNB In our BNBUSDT forecast from 24 June, we indicated the beginning of the triangle formation. As we can see in theory, the price is trying to break the upper trend line of the triangle. If buyers conquer the critical point, a new growth wave awaits us:
NEO Nevertheless, buyers managed to get out of the trap of sellers and break through their upward trend line. Having published the forecast for NEOUSDT on 30 June, we expected two targets to be worked out - $48 and $60. The first target has already worked out:
FIL The consolidation we have been waiting for is gradually coming to an end. After breaking the upper limit of consolidation, we can expect the FIL price continued growth with the target of $97:
SNX On 6 July, we published a positive scenario for the SNXUSDT market. But before the price rebound to $16.2, we waited for the continuation of the fall wave. The first part of the forecast worked out well. The nice part is ahead - growth:
DASH On 19 July, we published our forecast for the DASH price growth. A strong growth wave began on the same day. Now it is important for buyers to fix above $170 in order to confirm their plans to continue growing to $270:
ZEC The ZECUSDT price has reached the first critical point, which we wrote about in our forecast on 20 July. To continue the price growth to $150, buyers should fix above the mark of $115.
Chainlink The scenario was published on 22 July and began to be actively worked out immediately. The LINK price almost reached our target. Now it is worth waiting for how sellers will react to the test of the range of 24.8-26.6:
In conclusion, here are some examples of forecasts that have worked out effectively:
ETC Price reached the purchase zone, falling by 55%
After the publication of the KSM cryptocurrency forecast, the price fell by more than 60%.
RUNE Having dropped just below the purchase zone, buyers nevertheless took the initiative into their own hands and reached the target that we noted in the forecast:
LUNA Price increase by 150% in 2 weeks:
ALICE The ALICE forecast clear worked out with a possible extension of growth:
WINK This idea has been fully worked out only recently, although it was published back in April:
XEM The same situation with the XEMUSDT market. The price fall by 80%.
We hope this publication was interesting for you. Have a successful trading, do not rush and earn!
FIL / BTC - Proposed Path - CupsJust an idea for a potential path through september / october for Filecoin / BTC pairing.
Initially we formed a cup that led up to our ATH. This idea assumes we're forming yet another cup, where the bottom of the cup completes something like an inverted HS or a double bottom pattern, and the neckline we need to break to continue upwards, also happens to be our highs from the previous cup.
Let's see what happens here.
FIL / USD - Double Bottom before Rally2H chart just confirmed a head and shoulders pattern. I've been expecting a strong rally following its 80% correction over the last few months. We've broken out of downtrends on both pairings, BTC and USD. We recently experienced a death cross on the 50/200 daily EMA and MA. The last time this occurred we saw a brief drop in price, followed by the strongest rally filecoin has had to date. I think it's about to happen again.
First, double bottom while re-testing the top of the trendline we broke out of, then rally. This chart is for the double bottom prediction alone, see related ideas in the links below.
FIL / USD - Update on Breakout of Downtrend4H Chart here, displaying 50/200 daily EMA and MAs. We recently confirmed a death cross with our MA/EMA. Within days of our previous death cross, filecoin had a golden cross and rallied to over 230 dollars over the weeks that followed. Here we are again, just after breaking out of a nearly 90 day, 80% correction.
We either head up imminently, or it's possible that we re-test our bottom @ ~45 dollars while re-testing near the top of the trendline we recently broke out of, forming a double bottom prior to the rise. If we head down before up, I feel like the potential for greater gains exists. Meanwhile, I'm targeting a move back up to the 3 most recent fibs, and some resistances not shown here that are near the fibs. 112 and 124 seem like good targets if we can break 70 dollars, possibly a move up to 150-160s.
Filecoin (FIL) | The Game Changer MoveHi friends, hope you are well and welcome to the new update on Filecoin (FIL) coin.
A death cross and rising wedge formation:
On the daily time frame chart, the price action of Filecoin is moving in a rising wedge pattern. There is also a death cross between 200 simple moving average and 50 SMA formed above the rising wedge pattern. This death cross is considered a strong bearish signal among the trader’s community. This situation put pressure on the price action and pushed price action to the support of the rising wedge. Now the priceline of the FIL is likely to have a bounce by the support of the rising wedge. If the price action will be reached the resistance then it will be approximately upto $69, which is more than 17% move. The rising wedge pattern is also considered as a bearish reversal pattern. But there is also another bullish reversal pattern formed which we will discuss later in this article, which can stop the price action to break down the support of this rising wedge.
Big rally and rejection from resistance:
From January to April 2021, the price action of Filecoin has surged more than 950%. Finally, priceline of FIL found strong resistance at $200 and after several rejections finally, the price action moved down and broke down the $160, $130, $95, and $65 support levels. Now the price action has found strong support at $45 and moving between $45 support and $65 resistance.
Big harmonic BAT pattern flashed:
While the price action is getting bounced by the support of the rising wedge pattern and having firm support of $45 as well. At the same time the price action has formed a big bullish reversal harmonic BAT pattern and moving in the buying zone on of this BAT.
The buying and sell targets of this bit BAT are as below:
Buy between: $66.66 to $44.84
Sell between: $118.70 to $196.82
The maximum extent of potential reversal zone $44.84 can be used as stop loss. As per the above targets, this trade has a huge profit possibility of 338%, and the loss possibility is 33%. But at the moment it is a low-risk trade, coz the price action is already at the end of the buying zone.
Conclusion:
The price action of Filecoin has formed a bearish reversal pattern on the daily time period but if we compare this bearish reversal pattern with bullish reversal harmonic BAT, then the BAT is stronger than this rising wedge. Because the harmonic BAT has been formed on the 4 day chart where as the rising wedge is on the smaller time frame. The price action most of the times follows the signal of the bigger rather than the smaller time frames.
FIL / BTC - Filecoin has Broken out of Macro and Micro TrendsFIL / BTC has broken out of both downtrends, on the micro and macro levels. Both break-outs attempted re-tests unsuccessfully (failed touching the top of the break out area, both times, especially strong on the macro trend break out), making it look strong vs. BTC pairing.
Next resistances are the red boxes, support is green.
Expecting we see at least 0.002 or just below that barring no move below the green box. A break above 0.002 and the micro channel could send us back into the bigger red box. right red box may be a strong stopping / testing area if we get back within it. If we get above that area as well, we can start to think about significantly higher movement.
Filecoin (CRYPTO: $FIL) Looks Juicy Halfway Thru 2021! 🍒🍒🍒What Is Filecoin (FIL)?
Filecoin is a decentralized storage system that aims to “store humanity’s most important information.” The project raised $205 million in an initial coin offering (ICO) in 2017, and initially planned a launch date for mid-2019. However, the launch date for the Filecoin mainnet was pushed back until block 148,888, which is expected in mid-October 2020.
The project was first described back in 2014 as an incentive layer for the Interplanetary File System (IPFS), a peer-to-peer storage network. Filecoin is open protocol and backed by a blockchain that records commitments made by the network’s participants, with transactions made using FIL, the blockchain’s native currency. The blockchain is based on both proof-of-replication and proof-of-spacetime.
Who Are the Founders of Filecoin?
Filecoin was founded by Juan Benet, who also created the Interplanetary File System. Benet is an American computer scientist who studied at Stanford University. After founding Protocol Labs in May 2014, he attended Y Combinator in the summer of 2014 with the intention of supporting both IPFS and Filecoin, as well as other projects.
What Makes Filecoin Unique?
Filecoin aims to store data in a decentralized manner. Unlike cloud storage companies like Amazon Web Services or Cloudflare, which are prone to the problems of centralization, Filecoin leverages its decentralized nature to protect the integrity of a data’s location, making it easily retrievable and hard to censor.
Decentralized storage systems like Filecoin allow people to be their own custodians of their data, as well as makes the web more accessible to people worldwide. Since participating in the Filecoin network by mining and storing is directly related to winning more block rewards, Filecoin incentives participants to act honestly and store as much data as possible