FILBTC
FILBTC to pump in near-termFILBTC head & shoulders at base/bottom + double bottom.
FILUSD recently broke out of falling wedge. (1H)
Double bottom pattern might be arguable and not exact/accurate (around 200 pips in difference)
Already opened two long positions on last test of support at 0.00067
Filecoin, which works on top of the IPFS protocol, is still low marketcap for what it fundamentally is, so you know.
Knowing the current total storage space of the network is 1.000 petabytes or 1 billion gigabytes.
Trade 4 - FIL / BTCHi guys,
With the current market being bullish on BTC pairs i'm looking for ALTS bottomming, showing sings of reversal on 4H and 1D timeframes.
An example of this it's FIL, with a downtrend on the daily but signs of reversal on the 4H.
For bullish/reversal signs we got:
Double bottom on the 4H with RSI bullish divergence.
Price breaking through the Tenkan/kijun and the cloud with volume.
Bullish Tenkan/Kijun Cross.
Rsi down again to the 50's lvl.
Price retesting a daily resistence now turned as support.
Price retested the 0,5 fib level from the move up.
I think we could see a lower entry on the 6336 level that matches with the bottom of the cloud and the Kijun, but looking to the strong of the market right now i prefer to go in at this price. Another options is scale the position 50% now, 50% on that area.
Finally, we got two targets, both daily resistance.
FILUSDT - Double bottom 🔼FILUSDT is printing a double bottom trend reversal pattern.
Price brokeout above the trendline resistance.
RSI is printing a bullish divergence signal.
Buy entry ⬆️ - breakout above the double bottom neckline resistance.
Target 🎯 - resistance levels.
Setup invalidation ❌ - breakdown below the trendline support.
$FIL FileCoin Quick Analysis Overview ( @Filecoin )Hello there ladies and gentlemen, BulloTaurus here with a quick analysis for today .
Filecoin is a peer-to-peer network that stores files on the internet, with built-in economic incentives to ensure files are stored reliably over time.
I remember how hyped was Filecoin when it launched, a lot of profits were made when it found its top and it was in a downtrend till now.
Finally i can see some traction and seems like the downtrend is broken with huge volume.
Risk: 5
Reward:8
Peace.
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P.S. You're awesome! You can't be successful in all your trades, 30-40% is already higher than average traders you see!
FIL / USDT breakout soon ?Fil / usdt
🌟 Quick analysis 🌟
After consolidation recently in traingle
Fil now is trading at 0.618 fibo support
Break out is expected to happen soon from that traingle ...wait for breakout directional for better entery
If it break upward the profit is easy up to 40%+
Good luck and happy trading 🌹
FIL FILECOIN Bullish Squeezing Hits 1 Exabyte of Storage FILUSDTFIL FILECOIN Bullish Squeezing Hits 1 Exabyte of Storage FILUSDT
GOOD NEWS ABOUT FILECOIN -
Filecoin CEO and founder Juan Benet reports the decentralized storage network hit 1 exabyte of capacity.
That's much higher than estimates of the size of the Netflix library.
The next step is getting applications to join the network.
FIL/BTC (Short Term Uptrend is Over?)💎Technical Analysis Summary💎
BINANCE: FILBTC
-After the strong rally last October 26
-The price has decided to cool down
-After breaking its key support around 24000s sat
-This breakdown is likely forming a small Bear flag
-Which is technically not good in the short term price action
-If the Bears can send more follow-through in the coming few hours
-The potential downside target is around 18000s sat
-Always adopt what the market is telling you
-The price will dictate where it wants to go
-So act fast and always follow your trading plan
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FileCoin FILUSDT - Descending triangle + More downside- Filecoin formed a descending triangle after the breakout of the symmetrical triangle
- We can see some a bounce from 0.618 FIB and if we break the upper trend line, we can expect higher prices
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FILUSDTFILUSDT brokedown below the uptrend support.
The market is printing a descending triangle pattern.
Breakdown below the triangle support could be a bearish signal ⬇️.
RSI printed a bearish divergence signal.
Breakdown below the RSI rectangular pattern support could be a bearish confirmation 🔽.
FileCoin FILUSDT - Elliott wave + Rising wedge- Maybe one more wave to the upside, to finish 5th Elliott wave - very possible
- I think the trend is over and we are looking for a retracement
- We can see a rising wedge forming on the recent move - bearish pattern
- 100% gains in 3 days, i think it is too oversold for a short term
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FileCoin FILUSDT - Elliott wave completed + bearish target- Elliott impulse wave completed with a long wick candle at the end of the trend
- I do not really see a continuation, first we are looking for some kind of correction to the downside
- You can buy 0.618 fib for a short term bounce or double bottom pattern
- You can also profit from this move to the downside by using Futures market
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