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Filecoin

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.
by Trader_ph
6
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 - $200 Not Financial Advice.
Long
by UnknownUnicorn15453819
4
Filecoin LongFilecoin is down more than 75% since it's highs in April. For such an extraordinary Coin that seems kinda weird, huh? How is Filecoin different then the others? 1. Filecoin network - decentralized peer-to-peer competitor to cloud storage products like Dropbox or Amazon Web Services. Data stored via Filecoin is distributed across the entire network — as opposed to traditional centralized-server storage. 2. Mining - You mine filecoin with hard drives. Basically you ,,lend" your storage. This type of mining is called ,,Proof of Spacetime". What is chart saying? From what I can see in the chart, it would be a perfect time to buy some! I can see a descending triangle. Given the fact that overall crypto market is doing great, I think we are destined for a bigger move to the upside! Hope this was helpful! To learn more about Filecoin visit filecoin.io See you soon!
COINBASE:FILUSDLong
by LeTraderRytis
FILUSDT , Did you buy ???Hello everybody We are update our analysis today for you traders According to our last analysis the price is about 65$ 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