MY MINIMALIST ANALYSIS FOR FILECOIN $FIL
10.23.21
0739H +8 SINGAPORE
ALERT: MARKED ENTRIES and EXITS FOR A SWING TRADE
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.
Filecoin
FIL - is this a good time to buy ❓❓Many have asked for technical analysis of the FIL coin.
Before the breakdown of the trend line, there was a very nice picture. Squeeze + movement in small bars, and eventually a breakdown of the level. Now a bad risk to profit ratio and therefore not the best time to buy. The price could go up or come back and test the trend line as support. If the price tests the trend line as support, it might be a good buying opportunity. It is also worth noting that the volume is up now.
Write in the comments all your questions and instruments analysis of which you want to see.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
FILUSDT , We are near buy zone area ...Hello everyone
According to our last previous , that the market is fall down until here , and we have powerful trendline that we shown on chart and in there we have buy zone area for long position and spot trader to take some FIL until wait until the target reach
Our last analysis stop loss was activated and now we are showing new zone to buy FIL
Hey guys , 3 point :
1st , Dont forget use stop loss ( SL )
2nd , check the chart in multi-time frame
3rd , at first take signal then take position and buy or sell something
Follow and share us
Good Luck
Abtin
Fil It. Chart by CryptoKneeLooking pretty! Pretty good for an impulse up with a nice retrace to the golden corner pocket with some nice reaction off of the larger pitchfork. Bouncing from here would be an ideal setup but a break of the Pitchfork would not be a deal breaker completely. So watching for these bullish interpretations to play out.
FIL 's Triangle Break-UpLower trendline has been supporting Filecoin for almost 3 weeks, but it got rejected from descending resistance a couple of times. Considering the new dashed Dynamic support, RSI and MACD, I assume the breakout from the top is more likely. But still waiting for confirmation.
Trade Safe
Filecoins previous 2H chart run enlarged and compared to presentTook filecoin's previous massive spike, consolidation, accumulation period, blew it up and pasted it over our weekly chart to compare with where we are currently. If we repeated the same pattern on a larger scale, filecoin could go into a very long period of accumulation before it begins to run again.
FILUSDT Daily TimeframeSNIPER STRATEGY (new version)
It works ALMOST ON ANY CHART.
It produces Weak, Medium and Strong signals based on consisting elements.
NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS SO THEY CAN ACT LIKE PIVOT POINTS AND REVERSE THE WAVE (or act like a mirror that can reflects light) BASED ON STRENGTH OF THAT LEVEL.
ENTRY PRICE BLACK COLOR
MOST PROBABLE SCENARIOS TARGETS GREEN COLOR
LEAST PROBABLE SCENARIOS TARGETS RED COLOR
DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING.
It will not give you the whole wave like any other strategy out there but it will give you a huge part of the wave.
The BEST TIMEFRAMES for this strategy are Daily, Weekly and Monthly however it can work on any timeframe.
Consider those points and you will have a huge advantage in the market.
There is a lot more about this strategy.
It can predict possible target and also give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
START BELIEVING AND GOOD LUCK
HADIMOZAYAN
Looking back in history for FILThe filecoin Github repository recently had some updates on the their rosetta integration, the reason why we are covering this is so we can model the EWT price movement after their coinbase listing. Looking back in history, filecoin was listed on December 2020 and price was trading between $20 - $30 back then. When bitcoin was done running in Jan 2021, we saw filecoin gained almost 10x. Could we see the same for EWT?
₿ FILUSDT 1W ₿ : 09.Oct.2021 (Log)As we can see, the analysis is in weekly time frame and is a logarithmic chart. If this level breakdown occurs we can expect growth up to the specified limits. Everything is clear on the chart and the possible scenario is marked on the chart ... If you have any other questions, leave us a comment.
⚠️ This Analysis will be updated ... BINANCE:FILUSDT
👤 Arman Shaban : @Ar_M_An_4
📅 09.Oct.2021
⚠️(DYOR)
FIL/USDT looks ready for a runSummary:
1. FIL looks ready to make a bullish run. The 45m chart shows a potential upside in the high 80s.
2. The daily log chart looks even better for a medium term play (4-8 weeks) with potential for price to break above 100.
Chart:
- 45 minute
- Modified pitchforks to include 0.382 and .618 Fib lines
- Negative extrapolation for pitchfork anchor points
- Experimental pitchfork grid system
Filecoin (FIL) - October 5Hello?
Welcome, traders.
By "following", you can always get new information quickly.
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Have a nice day.
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(FILUSD 1W Chart) - Mid-Long-Term Perspective
Above the 47.149096-53.975726 section: The uptrend is expected to continue.
(1D chart)
Support section: 63.064166-77.274985 section.
First resistance zone: near point 105.696627 (97.351538-118.578758)
Second resistance section: 134.118268-148.329087 section.
If it falls from the support zone, it may move towards the 47.149096 point, so trade cautiously.
If it falls from the 47.149096 point, it is highly likely to enter the mid- to long-term investment area, so you need to think about countermeasures.
If the price is maintained by moving up to the 77.274985-105.696627 section, it is expected to turn into an uptrend.
We do not recommend buying when the price is rising as the downward correction to break out of the downtrend line may continue.
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(FILBTC 1W Chart) - Mid-Long-Term Perspective
Above the 0.000796-0.000969 section: The uptrend is expected to continue.
Above 0.001398 point: Expected to create a new wave.
(1D chart)
Support interval: 0.001211-0.001437 interval.
First resistance interval: near 0.001890 point (0.001890-0.001981)
Second resistance section: 0.002343-0.002569 section
If it falls from the support zone, it may enter the mid- to long-term investment area, so careful trading is required.
However, you can touch the 0.000796-0.000969 section and rise, so you need to think about countermeasures.
If the price holds in the range of 0.001437-0.001890, it is expected to turn into an uptrend.
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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.
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** 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 been released yet.
(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.)
FILUSDT Technical Analysis
⏳ Spot
💎 FILUSDT had formed a Wedge pattern. After that it has been moving along the ascending channel and has been making HHs and HLs. I expect that it continues to go higher along the channel. It might go lower for a Pullback.
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at market or 60.00
☕️ TP1 77.00
🍺 TP2 95.00
🍻 TP3 117.00
🍾 TP4 ______
🍷 TP5 ______
🍸 TP6 ______
🍹 TP7 ______
🎁 TP8 ______
🚫 SL 55.00
Good Luck 🎲
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Have a Profitable Day
FILECOIN CASE STUDYHi,
This is FILECOIN ranked 27th on coinmarket cap. As you can see price is returning back to the breaker. As market structure being shit and price coming back to breaker it is my fav play. I'll keep an eye on it.
How it reacts at the breaker so I'll look for some long setups. Keep an eye on FILE COIN it can move to the upside back to $70 again.
All the best!
FILE COIN LONG IN BINANCE AND KUCOUN
R/R with first target is about = 2 !!!
but you need money management in this trade because of my stoploss price !!!
you can set a "buy stop limit" order on the trigger price !!!
after that sell 50% of your position on tp1 and upgrade your stoploss to your trigger price and wait for tp2 or more ... it means : risk free !!!!
just like and folowfor more ... 8D
FIL Critical Resistance for Long termNot the most usual way to draw a channel , yet the full picture shows a descending pattern.
August Dildo Weekly candle has already broken above that channel! which I see as a bullish sign! let's watch Price action
If we fail to break out , well everything on the chart !
DYOR , Just a Noob !
It is fair to mention that Fil is a super solid project , with great team! Not necessarily in terms of marketing! But fundamentals are strong.
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