Filecoin
FIL/USDT Looking Weak! Hey traders 👋
Next one that we will be talking about is FIL coin on Daily Chart. We see the tension which is building up near that 100EMA zone where price is being pressed down from all kinds of resistances like trends and EMAs. We are going to look for more bearish scenario with potential to gain those lower zone that we have marked for you (Grey Lines).
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FILUSDT close to weekly support, long may be favorable nowAs mentioned in the previous post, the long was not favorable when price was trading inside/around weekly resistance. The price indeed came down from that zone. Below is a weekly support zone which is no doubt a zone to long. However, it is also possible that price may bounce from the smaller time frame support around 5.41 marked on the chart. Let us see how it turns out.
FILUSD setting up for a strong 1:5 risk/reward tradeFILUSD pushed hard up and through its weekly 21 SMA and is consolidating high. This is textbook squeeze setup that has a high probability of reaching the 89 SMA 3X higher! The trade would be to buy under $8 with a stop under $4.16 and a target of $24
🔥THE NEXT FILECOIN BIG MOVE ARE VERY CLOSE: 3 LONG TARGETS🔥Hi, friends! Filecoin now fall below the value area and possibly makes a pullback to $5.32 or $4.7 key levels. Here is our chance to enter the long trade.
📊 MY TRADING PLANS FOR FIL:
🔥 false breakout of $5.32 key level
🔥 volume growth
🔥 bullish BTC
🚩I use DOM and Footprint to track the big guy's orders and make my trading decision according to this info. These are very useful scalping tools.
✅ MY TARGETS FOR FIL:
1. $6 - the key level and even number
2. $7.6 - the key level
3. $9.5 - the key level and local highs
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P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade
FILUSDT likely to head to daily resistance around 6.38The price pierced through the 4h resistance and currently trading above it. The 4h candle also closed above 4h resistance which is a good sign. This makes the long side more favorable and increases the probability of winning for long side. However, the next 4h shall also close above this resistance to increase the probability. The target should be the daily resistance sitting above around 6.38-6.76. The trade is invalidated if the candle closes below this resistance.
#FILUSD - A Bumpy Ride Down with Multiple SR LevelsPrice is currently caught between multiple levels of support and resistance with #FILECOIN.
After a steady bull move up to around $8.5 we've received a sell signal from Crypto Tipster v2.
We could be seeing the price decline to $5.2 or even further.
What Do You Think?
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Ideas by theCrypster meet the guidance notes and disclaimer as mentioned below and within our website. See Signature for more info! ✌️
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Crypto Tipster v2
theCrypster
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FIL ANALYSIS (1H)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/SELL the FIL symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
FILUSD Inverse Head and Shoulders Trend ReversalThe presence of an inverse head and shoulders pattern on FILUSD indicates a potential bullish reversal in price, provided there is beneficial macroeconomic and FIL-ecosystem centric bullish sentiment.This pattern is notorious for being a bull trap and is often used to prey on over-leveraged longs.
#FILETH - After Massive Gains We've got Drops!Looks like #FILECOIN might be about to go through some hard times - we've got Shorts coming through Crypto Tipster on numerous #FIL trading pairs.
We can see #FILETH dropping into this consolidation zone sometime very soon.
What Do You Think?
If you enjoyed or agree with this idea - drop us a comment, like & follow! 😀
Ideas by theCrypster meet the guidance notes and disclaimer as mentioned below and within our website. See Signature for more info! ✌️
🔥🔥🔥
Crypto Tipster v2
theCrypster
🔥🔥🔥
Filecoin FIL Price Targets after the FSB meetingThe Finance Stability Board said today that many stablecoins won`t meet the requirements stipulated in its recommendations for cryptocurrency asset regulation.
This could have have ripple effects in the entire crypto industry!
My price targets for Filecoin FIL are:
FIL/USDT short
Entry Range: $7.80 - 8.50
Take Profit 1: $7.30
Take Profit 2: $6.50
Take Profit 3: $5.60
Stop Loss: $9.60
FIL/USDT 500% Potential from here so Which is Good Entry?#FIL/USDT Technical Analysis:
Currently, $FIL is trading at $6.10, which is a significant -97.65% down from its all-time high.
The cryptocurrency has gone down -99% from its peak but has recovered well in the past three months, rising up to 300%.
It is still 122% up from its recent low in December.
At present, the market is in an uptrend, but a significant upward rally is expected only after some more retracement.
It is possible that the price could drop by another 20% from its current level before an upward trend begins.
The best entry point for investors would be at the support level area.
For the cryptocurrency $FILUSDT to be fully in bullish mode, it needs to break upward the resistance level at $9.
Once this happens, the price could reach the target of $26 in the next bull market.
It is possible that the price may go higher, but a minimum target of $26 seems reasonable.
Investors should keep an eye on the support level at $4.80 and the resistance levels at $8.95 and $26.10.
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FILUSDTThe daily FILUSDT is currently on the lower edge of the accumulation wedge, with plenty of room to rise, even more so with the RSI indicating extreme exhaustion of selling forces.
If it breaks down, it will look for MM200 which will be a powerful support at $5,132
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Here are the supports and resistances on the M45 team:
Let's start with the support line:
6,002 / 5,846
Now let's move on to the resistance line:
6,188 / 6,335
RSI with exhaustion of selling forces, has plenty of energy for further upward movement.
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Filecoin is a decentralized platform for data storage. The Filecoin project was launched by technology company Protocol Labs, based in California, in 2014. The main objective of Filecoin is to create an efficient solution for data storage, based on IPFS (InterPlanetary File System) decentralized network protocols. The main idea is that its users install special software that allows you to store data on PC hardware. As a reward, users receive Filecoin.