Filecoin
Filecoin. Possible next participantHello!
I realized that I usually put signals which are just about to break or has just broke out which would need a throwback (pullback and retest) for a "perfect" risk/reward.
I was thinking I'll put an update now early on from a possible participant for us
We have a nice looking bullflag here.
We will follow this one and look, how it starts to play out
Give a like if you like this idea
-Jebu
Filecoin (FIL) - May 5Hello?
Dear traders, nice to meet you.
By "following" you can always get new information quickly.
Please also click "Like".
Have a good day.
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(FILUSD 1W chart)
(1D chart)
We need to see if we can get support from 134.1182676-148.3290873 and break off the downtrend line.
If it falls at 105.6966265, you need a Stop Loss to preserve profit or loss.
However, it may rise along the uptrend line, so careful trading is necessary.
It remains to be seen if volatility around May 7 could break the downtrend line.
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(FILBTC 1D chart)
We have to see if we can get support from the 23426 Satoshi-25690 Satoshi section and climb above the 32482 Satoshi point.
If it falls at 18899 Satoshi, Stop Loss is required to preserve profit and loss.
If the price remains above the downtrend line, it is expected to rise.
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It is advisable to trade at your average unit price.
This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden.
The center of every trade starts with the average unit price 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, so that the money that ultimately corresponds to the profit can regenerate the profit.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Hence, 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 that oh92 disclosed. (Thank you for this.)
** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
FILECOIN : BUY THE DIPSGreeting from IRAN to whole trading community
FILECOIN has managed to make a new ATH in early April
After that it started a retracement move through a descending channel
We saw a fake channel breakout but price came back to the channel immediately
After some days of straggling , price could breakout its descending channel and started a new uptrend (Dotted Red Line)
First TP would be 200$ and if price could breakout this level , FILECOIN will attack to its ATH to make a new one
So let see what happen next
OP : 160$
TP1 : 199$
SL : 139$
KEEP IT SIMPLE :)
After Consolidation FIL Gives A BreakoutFilecoin price traded at $156 with a gain of 3.21% in the last 24-hour and 18.08% up in the weekly time-frame. Furthermore, FIL bounced back from the support of $131.50. In contrast, the market capitalization stands at $3.26 billion. Technically, investors can perceive a positive crossover in the EMA, and the price is above the EMA-20. RSI index showcases an upward slope. Moreover, the price movement can be towards the resistance of $190.80 in future trading sessions.
Resistance: $190.80
Support: $131.50
Filecoin, How A Decisive Breakout Can Emerge!Hi,
Welcome to this analysis about Filecoin, we are looking at the 4-hour timeframe perspectives. As Filecoin in recent times has shown up with bearishness to the downside testing several supports in the structure it formed reversal attempts that did not yet fully converted into a sufficient reversal with continuations. However, as Filecoin now forms this major descending-triangle-formation with the coherent wave-count within this can lead to a substantial breakout and continuation when Filecoin manages the breakout above the upper-boundary, therefore it is highly necessary that Filecoin does not fall below the support again because this will invalidate the whole formation and show up with bearish alignments, it will be an interesting development.
In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
"There are many roads to prosperity but one must be taken."
Information provided is only educational and should not be used to take action in the market.
FILEcoin long setuoMost alt coins have had a unprecedented bull run over the last 8 months (as many assests have). So caution always needs to be applied but we can see that the 50 ema has not been violated by any bar closures and we can see strong bullish action on the chart.
With a space between the entry and the next two targets