Filecoin (FIL) - October 5Hello?
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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.)
Filecoin
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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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
Filecoin (FIL) Possible Short Squeeze Incoming....25-90% UpsideFilecoin looks set for a massive bounce for the following reasons:
1.) Recent overly exaggerated downside move due to China FUD, and usually this sort of fundamental FUD is followed by strong bounce.
2.) Upcoming Filecoin Launchpad Demo Day around the corner on 9/28 could be the fundamental boost needed to help Filecoin recover sentiment.
3.) Filecoin has been one of the most sold off coins the past 6M, 1M, and 1W (-65%, -32%, and -25% respectively)
4.) FILUSDSHORTS approaching recent highs, due for short covering / thereby increasing buy pressure.
Here I present 3 fractals which are based on the recoveries from similar capitulations in the past.
FIL/USDT ChartFIL performance has been quite bad since march/april, but the good news for $FIL holders is that the coin is expected to have a good pump to 100$-120$. ATH for FIL is probably not gonna happen. I say that for two reasons. The first one is that the coin barely can reach the 120$ resistance, and the second one is because FIL has big pump and dumps. Like, follow e comment what you think!
FIL/USDT Ready for 50% move from here..?#FIL/USDT Fresh Setup Update:-
$FIL looks good at this level.
Strong support at 0.7 Fib level.
We can expect bounce from here and If close above 0.6 Fib level then Very Good for Upward movements.
Entry:- $60-$62
Targets:- $71/$81/$100
Stop Loss:- $57
But I am waiting for daily close.
Support:- $58
There're 2 possible scenarios for FILFirst of all, I have to point out that according to Elliot, we need another correction.
In terms of time, we can expect the correction to end near one of the Fibo time levels, so it is likely that another correction is underway as in the previous photo.
According to the previous two points, there are two scenarios. The red trend line and the close supports of Fibonacci 0.618 and 0.5 are important points to check the reversal of the trend for buying position.
If FIL can breaks PRZ (about 90 $) upward and stabilizes, there will be no correction.
Always make your analysis before a trade
It is not offer to trade.
Good luck
Is FIL going to breakout soon? Here's a quick look at FIL 1 hr chart. As we can see, the price has been going sideways and has printed a symmetrical triangle. Definitely one to keep an eye on. The best entry would be, when the price breaks above the symmetrical triangle with good amount of volume .
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The idea is: Buy the breakout from the symmetrical triangle and take profits at the levels shown in the chart.
Targets:
- Profits can be taken in the resistance zone .
1. 88$
2. 96$
3. 101$
4. 109$
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!