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
Filecoin
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.
FILUSDT - SHORTFilecoin is one of the winners of this month. It had an impressive rally as soon as it broke MA233. In fact, not only was MA233 left behind but all moving averages. An impressive lesson offered by this pair: FILUSDT.
Currently, on this time-frame, we are approaching distribution.
Confluence, overbought + bearish divergence.
It's time for take profit and short.
FILUSD looks bullish againIn November 2022 we predicted that Filecoin will drop below 3 $:
Now, it's a time for an update and upside targets!
FILUSD looks pretty strong.
The price came back above the resistance which should be acting as a support now.
We may see a few days of consolidations above this key level (5$) which would be very bullish, however it would not be unexpected to see a rally continuation towards 8-9$. MACD indicator shows a positive momentum and it looks strong for bulls. Moreover, If the price breaks above this range, it can shoot up to 11 $ which would be our final target for this short-term trade.
Long-term the price may go much higher.
Good luck!
Filecoin ($FIL): Technical Analysis on Daily ChartHi everyone!
From a technical point of view, the trend on the daily chart is absolutely bearish, but at the same time, with the completion of the bearish impulsive structure (12345), I do not exclude the continuation of the corrective structure (bullish) in play. At the moment we do not have a confirmed bullish signal yet, but if in the short term we manage to trigger another bullish leg before the pullback, the trend could turn bullish again in the medium term. Technically speaking, in the short term, we have a support area around 7.26/6.66 and if $FIL is to turn bullish, it should be held.
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N.B.: Updates will follow below
FILUSD on a Resistance. Huge liquidity zone below.FILECOIN - FILUSD crossed above the MA50 1W and hit Resistance A (9.52500). There is a huge Liquidity Zone, which offered Demand during the Jan/ Feb consolidation and Supply before the market bottomed out. As you see most of the volatility of the past 8 months is seen inside this zone.
With the Golden Cross 1D only 1 or 2 days ahead, such a pullback will be a great buy opportunity. Pullback or not, the Filecoin targets now Resistance B (11.3850) and Resistance C (16.000) within a 3 month horizon.
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VOXEL looks like FIL at $5 and like GRT at 8c- FIL reclaimed the June-Oct '22 range, then pumped above it.
- VOXEL just reclaimed the June-Oct '22 range, and looks poised to pump.
VOXEL now looks like FIL looked at $5 or like GRT looked at 8c. Alts will play only as long as BTC hangs in there. If BTC crashes, then all this goes out the window.
Filecoin - No Danger No glory.
- Filecoin lost -98% from his ATH.
- ICO managed to get 200M$ in 2017, VCs dropped a lot and made so much benefits in 2021.
- When whales will be tired and start to rebuy, the bounce could be very aggressive.
- This project is huge and was listed in all Top Exchanges ( Coinbase, Binance, Kraken, Cryptocom, etc )
What Is Filecoin (FIL)?
Filecoin is a decentralized storage system that aims to “store humanity’s most important information.” The project raised $205 million in an initial coin offering (ICO) in 2017.
Filecoin aims to store data in a decentralized manner. Unlike cloud storage companies like Amazon Web Services or Cloudflare, which are prone to the problems of centralization.
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Trading Zones
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- Buy : 4.50$ (Buy a bit)
- Rebuy : 2.50$ (Fire Buy)
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TP1 : 25$ (security TP)
TP2 : 120$
TP3 : 230$ (ATH)
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Happy Tr4Ding !
FILUSDT IdeaFile Coin vs Tether | FILUSD | FILUSDT
✅ ✅ Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view,
And only some of these analyzes are my actual real trades.
I hope Traders consider I am Not responsible for your trades and investment decision.
FILECOIN Analysis and Trade Idea💸 #Analysis #Trade 💸
📊 #4H
📝Leverage: 3x-5X
LONG #FILUSDT from 7.45$ to 8.045. stop-loss 7.25$
15m TF. The price has broken the long consolidation where the loading of huge players took place. The price has broken the structure and the market profile level will be protected as the price reaches it again. Waiting for the price to enter the zone. It is expected that the pullback occurs from 7.6. Be careful, the loading zone is about 5%
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📗Order Type: Buy Limit (Not Active Yet)
🟡Ep 1=8.045$
🟡Ep 2=7.45$
⛔️Stop>$7.25
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📕Order Type: Sell Limit
🟡Ep 1=12.5$
🟡Ep 2=15.70$
⛔️Stop> 16.70$
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📊Powered By Smart Money Concept+Volume profile
🆚Risk/Reward Ratio:10
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👤 Analysis By Hyperion Trader
📅 2.19.2023
📫Get Free Access to Premium «Analysis + Trading Signals»
Siacoin - Filecoin's nemesis?? When is the best price to enter?For those who do not already know about this coin, it could be worth looking into.With a market cap of $665,700,000 at the point of publishing this piece some would say it will be hard to do anything amazing. We beg to differ as even if it doesn't go on to do amazing numbers in times to come, it is definitely a coin we can get some X's off of.
The use case is pretty much the same as that of File but it is a cheaper proposition both in cost to use it to store information as well as price of coin.
This one could be a longer shot and could take longer to reward us but $665m market cap (SIA) VS $4.4bn (FIL) and $0.13 (SIA) VS $30 (FIL) make it quite an easy choice if you have to pick between the 2 for investment purposes. Nonetheless there are opportunities on both to make some dollar.
Without the full commentary on this one we are bullish on Siacoin already and if it can come down to our $0.033-$0.04 buy limits they will trigger big buys.(Green Vectors down there)
We are waiting for triggers on this one
We are looking at:
E: $0.033-0.04 range
T: 5X, 10X, 20X, 50X, 100X
SL: Common Sense
This is not financial advice and should be taken with a pinch of salt
✳️ Filecoin Bullish Breakout... The Beginning (145% Mapped)If you zoom out, you can see that Filecoin (FILBTC) is still trading near the bottom compared to its April All-Time High... Let me show you:
Telling us that there is still plenty of room left for additional growth.
Its been only a few days since our last trade idea for this pair and it is already moving strong... Great, but as I just mentioned, there is more.
The volume today is the highest in more than a month.
This high volume to break above MA200 and EMA100, confirming a real bullish move, not fake, and also opening the doors for so much more growth.
Patience is key.
Don't get greedy.
Remember that complacency and greed will be the problem in a few weeks, not fear and doubt; things change.
Namaste.