💡 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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Filecoin
$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.
FIL - 4h. Buyers are preparing for the test $28.4Probably the most that FIL investors like in their lives is to watch the price move in consolidation . If we analyze the history of FIL, we see that there are not many trend movements.
While the entire crypto market is growing steadily, the price of FIL has been consolidating for the second month. However, there is hope for a new impetus for growth with a target of $28.4.
If you look at the FILBTC chart , we see that the volume of sellers is declining and buyers have managed to keep the trend line.
If bitcoin does not plan to fall sharply in the near future, the price of FIL is likely to rise by 20%.
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Filecoin is ready! Question is when?One area that blockchain is definitely useful and needed is storage space. Filecoin is a great project and is supported by all major exchanges and has really strong technological fundamentals. It is very slow and not much to do technical analysis. But I like the chart setup and think it can go up anytime considering all big investors like Grayscale, Winklevoss brothers are buying this and actively promoting it in their Twitter account.
Not financial advice. Do your own research
Potential Filecoin (FILBTC) breakoutKeep an eye on Filecoin over the next day or so. It's pushing up in to a nice press point. I'm watching for it to push through this level, close a 4hr above the top of the box, then come back to test the level for an entry.
Alternatively it could just blow through and run to the target. Solidly bullish candles (little to no wicks on top, strong wicks under) pre breakout might warrant an entry.
FILBTC to pump in near-termFILBTC head & shoulders at base/bottom + double bottom.
FILUSD recently broke out of falling wedge. (1H)
Double bottom pattern might be arguable and not exact/accurate (around 200 pips in difference)
Already opened two long positions on last test of support at 0.00067
Filecoin, which works on top of the IPFS protocol, is still low marketcap for what it fundamentally is, so you know.
Knowing the current total storage space of the network is 1.000 petabytes or 1 billion gigabytes.