Filecoin
FILECOIN - Buy Stop HACK 🤫A stop order is an order to buy or sell an asset once the price of the asset reaches a specified price, known as the stop price. When the stop price is reached, a stop order becomes a market order.
Filecoin makes massive impulses and it appears we could be on the verge of a massive one soon. The descending trendline has been respected 3 times and its a good indicator as to when the market will shift from a bear market to a bull market.
For this trade we can utilise the buy stop order and get in as soon as the market makes its big move up. The good thing about using this is that if price continues to go down, our order will not be filled and we wont be at risk.
Trade Idea:
- Put a buy stop order above the descending trendline (not too close incase price spikes above and comes back down)
- manually input SL below the recent lows
- target the significant price points indicated on the chart
If we do get a massive spike, you can be in and out of this trade within a few days and bank over 100% easily!
Goodluck!
🆓Filecoin (FIL) Nov-19 #FIL $FILFIL has a strong support at the $50 zone, if it doesn't lose this zone, it will continue to rise strongly to the $60, $80 and $100 zones. But if it loses the $50 zone, we will wait to buy back at the $40 and $35 zone
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 50$ zone
🔴Buy : 50
🔴Sell : 60 - 80 - 100
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 50$ zone
🔵Sell : 50
🔵Buy : 40 - 35
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
FIL / BTC - Broke out of Daily Falling Wedges (Twice)Filecoin was in a giant falling wedge on the daily, we broke out, never reached min target, but also never broke back down into the old wedge when re-testing. Instead, we've rode the top of the wedge we broke out of, bouncing off of it and creating yet another falling wedge above the original structure. Now, we've broken out of the upper falling wedge.
Let's see if we get back on track for our original min target (1 target line in white left of the other two), and I've indicated the newer falling wedge min target and TP 2 on the chart (2 target lines in white on the right side)
Alternatively, get below the green box and we could see more down, until then I expect that to be our support area before moving up.
FIL – 2x potential!Hello, everyone!
Filecoin is next to the zone of interest. This is the entry point with the best risk-to-reward. I am sure that this time we will see the reverse to the uptrend because the true divergence on the daily chart with MACD (the strongest signal) is going to be flashed on the FIL price chart. This signal even stronger than it is needed because the divergence is anticipated not only with histogram, but also with MACD line.
You can wait for the divergence confirmation – increasing column on histogram, but I bought today at $55.19. There are too many factors for reverse, so I decided to use 1% of my trading depo for this deal.
The potential target is the daily supply zone = $135 – more than 2x from current price!
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
FILECOIN - Where will Dr.Fil Go? 🎯100%+ POSSIBLE🎯Should be an easy play here on FIL we have a clear wedge forming with volume building. wait for either the breakout or the retest of bottom support and set you TP's accordingly.
Fundamentally FIL is a good prospect with real world use cases (though their fee structure could use some work to be competitive). They are a token held by greyscale.
Filecoin Breaking out - Storage set to recoverShort term price target - $90
Short term outlook - Bullish
Long term outlook - Bullish
Storage coins are finding support and strengthening. This is am amazing part of the blockchain world and will be the future of file storage.
This format might not look exactly like what we see today, but Roam wasn't built in a day!
I am bullish on blockchain file storage over the next month and longer term. I will keep on HODLING. However, this could be a nice entry point for someone looking to get exposure in to this space.