Filecoin potential long scenariosFilecoin is another one of the new Grayscale products. In my opinion file storage coins like Sia, Storj and Filecoin could be doing well as the next 'theme' of the market. Be careful with filecoin however due to its high inflation rate, so have it only for short term trades, not long term holding.
Filecoin
FILUSDT showing strong bull signal!FILUSDT (4HCHART) Technical Analysis Update
Resistance Breakout
FIL/USDT currently trading at $55
Long Entry-level: $52.00 - $55.00
Stop loss: below $48
Target 1: $75
Target 2: $100
Target 3: $150
Target 4: $200
Max Leverage: 2x
ALWAYS KEEP STOP LOSS...
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FIL - Bottom Nears - 46% PotentialFIL/BTC has been consolidaing for nearly one week after growing 34%.
Support: 0.000738
-This hits at the FIB .618
-Stochastic approaches zero (white).
-I'll look for a flattening of the histo
-This also coincides with EMA 100 (purple)
Resistance: 0.00108 - 46% Potential
-I'll be looking for FIL to conquer EMA 55 and push through faster EMAs (8-13-22) for strong growth.
Filecoin (FIL) - March 9Hello?
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We have to see if we can get support at 40.4627 and climb above 42.9236.
If it falls, you need to make sure you get support in the 38.2383-40.4627 range.
If you move down at 38.2383, you need a short stop loss.
If it does not fall below the downtrend line, further gains are expected.
It remains to be seen if the volatility around March 11 could move up along the uptrend line.
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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.
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Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line)
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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
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G1: Closing price when closed
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(Example) Gap (G1-G2)
💡 It's a great buy opportunity in FILBTC @Filecoin @bitcoinTrading suggestion:
. There is a possibility of temporary retracement to the suggested support line (0.0006860). If so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. FILBTC is in a downtrend that we assume will break up, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 42.27.
Take Profits:
TP1= @ 0.0007900
TP2= @ 0.0008690
TP3= @ 0.0009600
TP4= @ 0.0010300
TP5= @ 0.0011185
SL= Break below S2
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💡 It's a great buy opportunity in FILBTC @Filecoin @bitcoinTrading suggestion:
. There is a possibility of temporary retracement to the suggested support line (0.0006860). If so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. FILBTC is in a downtrend that we assume will break up, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 42.27.
Take Profits:
TP1= @ 0.0007900
TP2= @ 0.0008690
TP3= @ 0.0009600
TP4= @ 0.0010300
TP5= @ 0.0011185
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Make sure to leave a comment. Let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
$NCTY Purchased Filecoin Mining Machines for US$10 millionThe9 Signed a US$10 million Framework Agreement on the Purchase of Filecoin (FIL) Mining Machines.
The9 had already purchased and deployed Filecoin mining machines, and Filecoin mining has been started. Currently The9 owns an independent node on Filecoin blockchain and 8 Pebibyte of effective storage mining power in the Filecoin network.
The9 will continue to purchase Filecoin mining machines under the Framework Agreement based on the trend of Filecoin price and Filecoin's economic incentive model.
finance.yahoo.com
FILECOIN correction seem to be uncompleteHi!
It looks like that we are in WXY structure and one more leg down is missing
If my assumption is right, 32-34$ will be perfect zone for accumulating long position(we also have 61,8+161,8 Fibo levels there)
But also we can easily start skyrocketing 🚀 from here. Market generally is very bullish
Trade safe and simple 😎
Filecoin Looking to Breakout of BaseFilecoin hasn't moved yet this crypto bull cycle and is due. It's built a nice base since December last year, and it has a small $1.2B market cap giving it a lot of room to move up once it breaks out. This is a "buy when it's quiet, sell when it's loud" play. Buy now when nobody has noticed it yet and sell it when it gets attention and doubles or triples. If you believe in the coin you might hold it for price discovery if/when it gets over $100... who knows it might be another 10x crypto. I don't know much about it fundamentally, but I notice it has high developer growth according to this recent study (see page 49):
www.slideshare.net
This is not investment advice, I'm not a financial adviser. This is just some of what I'm thinking about for my own positions.