FIL
Great tradeTRIANGLE,wolves🔥
Symmetrical triangle on FILUSD.
Previous Bullish trend was broken and now the price is in consolidation.
According to Elliott Waves theory all the waves are done so now the price is heading to breakout point.
Keep following the chart and look for breakout.
Keep following the chart and look for breakout, it should become soon.
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FIL - Bullish ABCD into a breakout... This generally means $$%%Interesting looking chart. Having Chart Deja-vu here! That said FIL doesn't have the fundamentals DOT does, but it will be interesting how the market moves here coming forward.
Very bullish looking chart and obviously lots of headroom to go from here.
FIL/USD Long limit entry long termAgressive Long limit entry 28,6
SL 23,3
PT1 39,500
PT2 50,3
BE 33,3
Long term
RRR 2,1:1
BINANCE:FILBUSD
FIL - 4h. Buyers are preparing for the test $28.4Probably the most that FIL investors like in their lives is to watch the price move in consolidation . If we analyze the history of FIL, we see that there are not many trend movements.
While the entire crypto market is growing steadily, the price of FIL has been consolidating for the second month. However, there is hope for a new impetus for growth with a target of $28.4.
If you look at the FILBTC chart , we see that the volume of sellers is declining and buyers have managed to keep the trend line.
If bitcoin does not plan to fall sharply in the near future, the price of FIL is likely to rise by 20%.
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🔥 FIL/USDT Bounced from All-Time-LowFIL/USDT is inside a consolidation channel for almost a month now. Every time it hits the all time low, a new bullish phase will commence. It's not a bullish phase of >100% growth, but more of a subtle 10-20%.
On the chart, I’ve marked two potential areas of support/resistance, R1 and R2. These areas are based on swing highs and round numbers. Do your own due diligence.
Happy trading!
✳️Filecoin/USDT Analysis (19/1) #FIL $FILFIL is consolidating the support zone around $23, and the buying force is back, so it could help FIL rise to $30 and $40 zone in February.
📈BUY
-Buy: 22.5-23.5$. SL if B
-Buy: 29.5-30.5$ if A. SL if B
📉SELL
-Sell: 29.5-30.5$. SL if A
-Sell: 40-41$. SL if A
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
Filecoin - Breaking out, or more down?While I'm bullish long-term with Filecoin, it's been brutal watching this project battered and left for dead. And dead they most certainly are not. Filecoin has launched it's mainnet, and it's creator also created IPFS, a decentralized file storage mechanism that's quickly becoming more and more popular, This is bullish for Filecoin. So is Filecoin's narrative - decentralized file storage - at just the time when the world needs a decentralized alternative to Amazon and other centralized providers. I'll believe the baby uptrend I'm seeing on the 15 minute chart if it can breach our trendline and find support above it. Otherwise, we retest 20 at minimum and probably below, just to demoralize holders some more.