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.
Filecoin
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.
Zcash towards $1k by the end of this bull cycleSharing probably one of my worst trades during these past 2 years; trading a small portion of my ETH into ZEC. Still planning on holding my position regardless.
This should turn around sometime (or maybe it’s just hopium). Even if it does not, the risk/reward ratio is favorable for those willing to risk even more of an inflation effect to their ETH stack. I still think the upward movement will be explosive as soon as the market remembers or acknowledges the intrinsic value in ZEC. The technology is there. The team as well. It only needs a push.
Since the COVID March 2020 crash, the ZEC/USD pair has been consistently holding an ascending trend, establishing higher lows. I currently have a target of $1,100 for the end of this cycle at one of the local 3.618 extensions. If market proves to be overly bullish it can go all the way towards the longer macro 3.618 extension at the low $3,000s. A $1,100 target price would definitely rhyme with Bitcoin's rise during the 2013 cycle at which time it also had a similar circulation to what ZEC has today, around 11-13 million. It should be noted that Zcash's minting emission rate is exponentially higher than that of Bitcoin's. Zcash should see its last coin mined by the early 2040s.
I'm still betting on privacy being a crucial element in crypto. If its value is not meant to be realized now during this meme cramped cycle, the odds are ever more increasing for it to be reached in the next one.
What does Zcash has in favor then? 1) Both Ethereum and Filecoin developers have been working on integrating zk-SNARKS. 2) Vitalik has been a big proponent and admirer of Zcash since its inception. 3) Grayscale Investments has also a Zcash exclusive fund. 4) The utility of Zcash moves across multiple industries and goes beyond blockchain and tech; manufacturing, health, education, etc.
It seems like ZEC is in need of a champion. A company like Apple comes to mind. It's either t hat or it will probably keep fading away into a etherless void. While the market chooses memes, even with its share of controversies regarding its launch and founders reward, I choose Zcash long term. It's fundamentally smart and sound.
*Currently planning on holding a Zcash position at least until the end of November.
$FIL the Chinese BullHello cryptofolks
Filecoin looks bullish in all TF on MACD
Inverse H&S pattern created, retesting the neckline then goes up will be the confirmation
First resistance to beark will be at $70 then we will reach our target at $80
Filecoin is a sleeping giant that when wakes up will do big movements
-Goodluck
FILUSDTFILUSDT, since the drop on 2nd April, had formed a triple bottom at the long-term uptrend channel + 0.702 fibs, and FIL has been Printing nice higher high and higher low within is a Symmetrical triangle, with the Resistance line yet to be validated.
In this game, Wealth is always transferred from impatience to patience. So be patient as long we are in the bull market; FIL will hit those targets.
My Target on Fill is at three important take profit points, and These are resistance points that could show some signs of a pause, pullbacks before the trend continues. If ur patient then u can keep ur stoplos up to date and #hodl
My first take profit point is $92, the Second take profit point I see is at $139, and My Last take profit is at $361 - 400
FIL/USDT currently trading at $62.45
The ideal buy zone would be under 60$
Invalidation point = below $54.88 daily base
#FIL/BTC
Filecoin(FIL) Ready to catch up to the crypto market Hello. Filecoin(FIL) has been performing rather slow, still -75% from its ATH(All Time High). According to my technical analysis, FIL is ready to catch up to the rest of the crypto market.
FIL has been sitting in a large triangle pattern composed of the yellow and green dashed lines in the chart. Price is currently at the support.
RSI shows some bullish signs: when price made a lower low, RSI made a higher low, forming a bullish divergence. RSI also formed its own triangle pattern. We can say its bullish if RSI breaks the red dashed line.
FIL barely moved when BTC made its own all time high. It's perhaps time FIL moves.
If we have a breakout, we can possibly have a rally to 0.236 Fib or $90 in the first few days
Thank you for reading this post, constructive feedback would be greatly appreciated.
Filecoin (FIL)Hi everyone,
This is my description:
Purple Lines: Support & Resistance (for a week) “VERY IMPORTANT”
Blue Lines: Support & Resistance (for a day) “IMPORTANT”
Orange Lines: Support & Resistance (for a 4H)
Thanks for your attention.
**IF YOU WANT ME TO ANALLYSIS ANY OTHER CRYPTOS, PLEASE COMMENT THE NAME OF IT FOR ME**