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 🔽.
FILBTC
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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FileCoin FILUSDT - breaking to the downside, long entry priceNext coin listed on binance, 1day pump and then a huge downtrend. It is a new trick, coins are listed on Binance with very high market capitalization (overpriced).
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FIL 4h. We want to buy in the range 0.00146-0.00182.Filecoin is a project to create a decentralized storage platform with embedded cryptocurrency (Filecoin, FIL).
Since 2014, it is implemented by the California blockchain startup Protocol Labs, a developer of IPFS systems. The idea of the project is to give one computer user the opportunity to earn FIL for using the surplus capacity of their hard drives for decentralized data storage.
In 2017, at the FIL token presale, the project attracted $52 million from investors, and then at the SAFT crowdsale - another $205.8 million from accredited investors.
In 2017, Filecoin set a record for funds raised among ICO projects.
As we know, many scam projects were created during the 2017 ICO boom, but Filecoin is working and developing in step with the trend. A crypto-dinosaur who survived and wants to support Defi, because the decentralization ideology has been in the project since 2014. And it means a lot !
Filecoin week of events starts today.
Among which are the launch of Mainnet, Defi-bridge and Defi-storage.
On the eve of this news, and even more after the information that the top crypto-exchanges will list FIL, token made from x10 to x20 per hour , depending on the exchange. However, now such enthusiasm or speculation on price has disappeared.
The current trading price is x2 from the last month, which is also not bad.
Another factor in reducing the excitemen t around the token (although we cannot say in terms of volume) is the strike of the Miners, through the "unfair" economic model of rewards.
Even such processes have come to crypto market.
We try to analyze the possible future movement of the token price.
The FIL value needs to find an adequate market price at which investors will be ready to buy.
While developers and miners are quarreling among themselves, then for speculators it is the ideal time to push the price down.
Let us assume that the price in the zone 0.00146-0.00182 will be very tasty for purchases in long!
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