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Filecoin

FIL (Filecoin) bull run ~Price Points/Fundamentals~ Hello there! 👋🐹 Happy November 🍁 Lets talk FIL 🤸‍♂️🏃‍♀️ Filecoin recently displayed bullish behavior🐮, breaking from a 3 month descending triangle pattern. 🆗 Trade invalid if we break below our light blue trendline at ~ $55. In the near future, I expect to see an attempt to climb above $78 where we may see some resistance. If we are successful in gaining support at ~78, my next targets for FIL are 104 and then 130. FIL has potential to go beyond these targets as well, I will explain why in a short fundamental overview below.. 💫 ⏬⏬⏬⏬⏬⏬⏬ Just announced recently, Filecoin is now partnered up with the Flow Blockchain, ( In brief. Created by NBA Top Shot developer Dapper Labs, Flow is a proof of stake blockchain designed for NFT collectibles and crypto games decrypt.co ) and is now the main storage collaborator of FLOW. In addition to its partnership with flow 👇👇 Over the last couple of weeks Bitdeer ( worlds leading mining services provider) announced it will now be providing services for mining FIL! ✔Filecoin is a decentralized network with the native currency FIL . It was released in 2014 and has since gained a tremendous amount of traction through its users and miners. (Miners earn FIL) ✔FIL (filecoin,) is by far the most popular data storage and retrieval coin, currently ranking #28 market cap💪 ✔Our popular Filecoin has protocols set in place to ensure proper storage of data as promised by FIL miners. ✔Anyone with enough hard drive space can mine FIL. 🌏 Filecoin reached its ATH in April of this year topping out at 237, we are currently far below ATH price (almost 75 percent below) 👀 Considering all the information listed above, I think that FIL has yet to catch up to other altcoins such as SHIB,SAND,MANA etc.. Let's not overlook this extremely popular storage coin as we continue this bull run. 📌📌📌NOTE📌📌📌 Bitcoin is seemingly resting at a new found support level, a break below ~57k could mean a serious correction and altcoins such as FIL will follow. Always use caution when investing in the volatile cryptocurrency market. 😃✔💭 🛑🛑🛑This is not financial advice🛑🛑🛑 Above are approximate targets based on fibs and major trend lines etc. I always recommend looking at multiple charts when making a big investment. Always have a stop loss ✋🛑💲 set🆗 Any thoughts 💭💡, questions 🙋‍♀️🙋‍♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome. Jazerbay 🍁
Long
by jazerbay
17
I'm back at TradingView, with FileCoin 👋Hey folks I'm back with a good and quick analysis. FileCoin is in a good situation for investors. I repeat investors not traders. Because it's gonna have its ups and downs but good TA position and great FA. So by managing our bag, we can take some profit by holding it in two steps. You have every detail you need on the chart so check it out. I wanted to add something more to this idea: We're in the bloody September so be patient and let's skip this month and wait for October 'till end of the year for a lot of exciting journey.. And by the way, I like to see your opinion about the analysis and any question you got, so feel free to leave them in the comment section. And if you find this analysis useful share it with your friend so they can take benefits from it.
Long
by ArshiaZojaji
31
$FIL may retest the previous high. I saw some people wondering about FIL. Very interesting chart, so here's my personal trade setup for it. First of all, the 3 purple ranges are strong support levels which may cause impulses there. Hence, here's what I will do, but it's a risk with a potential of 80-120% profits for the mid-term and may double your investment. I think FIL will retest the high! It broke out of another descneding channel and it now going through major resistance, however, I do believe it may drop down further which is why I have 3 entry points. Stop loss is far, but you can get out of it if you wish to DCA further on that level and wait for a further rise to get out at breakeven at worse case scenario. Risky trade, I wouldn't use a big capital on FIL because it's giving me bear market behavior. However, the volume is showing an accumulation stage, which is where the smart money may come in.
by bitmoey
2
FIL 200% PUMP COMING!FILCOIN has 2 patterns that are playing out. RSI has a Hidden Bullish Divergence on the DTF. You can see the 1st arrow completed with almost a 200% pump. The 2nd arrow is in play where we will retrace to $40-50. The RSI should bounce off 38.00 and pump 200% to $150. I believe the breakout will happen mid November and TRX and ETC have very similar charts so will most likely follow the same path. Target 1 - $80 Target 2 - $100 Target 3 - £120 Target 4 - $150 Target 5 - $200 Not Financial Advice.
Long
by Fakeoutking82
4
Filecoin LongFilecoin is down more than 75% since it's highs in April. For such an extraordinary Coin that seems kinda weird, huh? How is Filecoin different then the others? 1. Filecoin network - decentralized peer-to-peer competitor to cloud storage products like Dropbox or Amazon Web Services. Data stored via Filecoin is distributed across the entire network — as opposed to traditional centralized-server storage. 2. Mining - You mine filecoin with hard drives. Basically you ,,lend" your storage. This type of mining is called ,,Proof of Spacetime". What is chart saying? From what I can see in the chart, it would be a perfect time to buy some! I can see a descending triangle. Given the fact that overall crypto market is doing great, I think we are destined for a bigger move to the upside! Hope this was helpful! To learn more about Filecoin visit filecoin.io See you soon!
COINBASE:FILUSDLong
by LeTraderRytis
FILUSDT , Did you buy ???Hello everybody We are update our analysis today for you traders According to our last analysis the price is about 65$ and we shown on chart that the price can come to our buy zone and in there we should buy and wait until the target reach , and exactly the price movement come to our buy zone area and activated our buy zone and now we should wait for our target You can buy more and buy if you re not in buy position until now we have time to buy Previous analysis : Dont forget stop loss and attention to money management Good Luck Abtin
Long
by Abtin00
2
Fil (FILE COIN) 1016% Profit potential.. Don't sleep on Fil!Hello Traders, I put this analysis together for you guys and gals as a freebee for Halloween as I have a few others. I manage a FB group called Crypto Kinfolk that keeps me pretty bury as I teach/coach over 100 students how to trade. This trade is looking great and I hope you all enjoy the profits on the way! As always, I have put together some information on what this coin is and where to get it below... Amazing project! Have a green week, Savvy 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, and initially planned a launch date for mid-2019. However, the launch date for the Filecoin mainnet was pushed back until block 148,888, which is expected in mid-October 2020. The project was first described back in 2014 as an incentive layer for the Interplanetary File System (IPFS), a peer-to-peer storage network. Filecoin is open protocol and backed by a blockchain that records commitments made by the network’s participants, with transactions made using FIL, the blockchain’s native currency. The blockchain is based on both proof-of-replication and proof-of-spacetime. Who Are the Founders of Filecoin? Filecoin was founded by Juan Benet, who also created the Interplanetary File System. Benet is an American computer scientist who studied at Stanford University. After founding Protocol Labs in May 2014, he attended Y Combinator in the summer of 2014 with the intention of supporting both IPFS and Filecoin, as well as other projects. What Makes Filecoin Unique? 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, Filecoin leverages its decentralized nature to protect the integrity of a data’s location, making it easily retrievable and hard to censor. Decentralized storage systems like Filecoin allow people to be their own custodians of their data, as well as makes the web more accessible to people worldwide. Since participating in the Filecoin network by mining and storing is directly related to winning more block rewards, Filecoin incentives participants to act honestly and store as much data as possible Related Pages: Check out CMC Alexandria’ deep dive into Filecoin. We’ve also prepared a list of the 5 things that decentralized storage aims to fix. See terms you don’t know? Check out our glossary on Alexandria. How Many Filecoin (FIL) Coins Are There in Circulation? Protocol Labs describes Filecoin’s tokenomics, or economic model, as a “market for data” where users can sell their storage space to other users, who are looking to rent. Five stakeholders will be able to trade tokens: developers, clients, miners, token holders and ecosystem partners. There will also be three Filecoin markets, according to Protocol Labs: file storage, file retrieval and on-exchange token trading. In fall 2020, 400 miners participated in what was called the “Space Race” testnet phase, increasing Filecoin’s network data capacity by over 325 pebibytes; approximately 3.5 million FIL tokens will be released to the Space Race participants. How Is the Filecoin Network Secured? Filecoin is secured through proof-of-replication and proof-of-spacetime. In the Filecoin network, nodes that are also known as retrieval miners are in competition to serve clients with data as quickly as they can. They are then rewarded with FIL fees, which encourages a network of nodes that want to replicate and preserve files. Storage miner nodes are constantly competing for contracts to provide storage to clients to a specific length of time. When a storage miner and their client agree on a deal, the storage miner holds the client’s data in a sector and “seals” it to create a unique copy of that sector’s data. Storage miners are rewarded with FIL by clients as deal fees, and these miners can also mine blocks and receive a block reward. Where Can You Buy Filecoin (FIL)? Ahead of the Filecoin mainnet launch, Gemini and Kraken have announced support for FIL. Huobi will list FIL after the mainnet goes live.
Long
by Savvythe1
23
📰 FIL- Symmetrical triangle bottomThe price is currently bottoming inside of a symmetrical triangle formation. This could be an opportunity to get some for mid/long term trade (there's strong resistance ahead so we can assume it's gonna take time to see some nice profits) Entry: buy at current price down to 53.80 Long term targets: TP1: 66.30 TP2: 80.52 TP3: 97.30 TP4: 121.30 TP5: 194.38 TP6: 240.54 (~320%) TP7: OPEN++ >> !! Remember about risk management, DYOR and trade responsibly !! << --------------------- About 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, and initially planned a launch date for mid-2019. However, the launch date for the Filecoin mainnet was pushed back until block 148,888, which is expected in mid-October 2020. The project was first described back in 2014 as an incentive layer for the Interplanetary File System (IPFS), a peer-to-peer storage network. Filecoin is open protocol and backed by a blockchain that records commitments made by the network’s participants, with transactions made using FIL, the blockchain’s native currency. The blockchain is based on both proof-of-replication and proof-of-spacetime. Source: coinmarketcap
Long
by V0VOLAN
FIL - Start of the next wave?FIL/USDT 1D/8H Spot buying FIL here, respecting the major uptrend having formed a falling wedge breakout with the correction pulling into the golden fib and into a 4H demand zone, rejecting nicely off of it creating a pin bar on the daily and many rejection wicks in this area. On the 8H we have broke out of minor downtrend with high volume breakout as shown with the arrows and currently consolidating in the golden fib and demand zone. Daily MACD looks healthy showing momentum building up and close to crossing over centrline as sell side pressure on the histogram decreases Using fib projection on the corrective wave the next levels where price should head towards is the golden fib (yellow zone), usually find price rejects and consolidates around this area before breaking through it and continuing onto the 1,272 and 1.618 respectively. 272% away from its high so a great swing trade if held onto during the next alt season which doesn’t look too far off based on other charts and analysis. Fil is another ALT with great fundamentals for decentralised cloud storage, check it out here: filecoin.io
Long
by marshyyy
4
FIL - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow. FIL is approaching a support zone so we will be looking for buy setups on lower timeframes. on H4: FIL is forming a trendline but it is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, FIL would be overall bearish can still trade lower till the green support. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BINANCE:FILUSDLong
by TheSignalyst
20
Filecoin (FIL) - October 25Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (FILUSD 1W Chart) - Medium to Long-Term Perspective Above the 47.149096 point: the uptrend expected to continue (1D chart) First resistance section: near point 89.435032 Second resistance section 156.373900-164.040019 Support section: 47.149096-53.975726 To continue the uptrend, you need to break out of the downtrend line. As a result, the price should rise above the first resistance zone to maintain the price. If it falls from the support zone, there is a possibility of entering the mid- to long-term investment zone, so careful trading is required. However, it may touch the uptrend line and move up, so you should think about how to respond. ----------------------------------------------------- (FILBTC 1W Chart) - Mid- to long-term perspective Above 0.001544 point: expected to create a new wave (1D chart) It is important to be able to rise above the 0.001211-0.001437 division. As it fell from the 0.001211 point, it is entering the mid- to long-term investment zone. To convert into an uptrend, the price must rise above the 0.001211-0.001437 section to maintain the price. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released. (Because it is not public, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.) ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
BINANCE:FILUSD
by readCrypto
2
MY NOT SO MINIMALIST ANALYSIS (Version 2) FOR FILECOIN $FIL 10.24.21 0829H +8 SINGAPORE ALERT: MARKED ENTRIES and EXITS FOR A SWING TRADE LOWERED CLUSTERED TARGETS HOW TO USE MY CHART It is designed for SWING TRADES at the BOTTOM. I do not SHORT (in support of all the DUMB-MONEY traders like me.) Though you can still use it. Created on a WEEKLY & DAILY Analysis of Dynamics of the Market. LARGE BOXES are major pivots that will occur, while the small boxes are MINOR PIVOTS. These can be entries to a BUY/ SELL POSITION or an EXIT/PARTIAL EXIT/TOP-UP AREAS. Watch out for Chart Patterns, Candlestick Math, Market Dynamics, and your Fibs. This CHART is best used without indicators. The MINOR and MAJOR BOXES (TOPs and BOTTOMs), together with the market's price action and the above mentioned is sufficient enough as analysis when ENTERING AND EXITING TRADES. Thank You for your appreciation and support (Follows, Comments, and Likes.) DISCLAIMER: The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as investment advice.
COINBASE:FILUSDLong
by The_Crypto_Samurai