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Filecoinanalysis

FIL (Filecoin) Analysis 12/03/2021we had earlier analyzed this Coin and Capitalized on it so we are updating it with new TPs Fundamentals: 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. 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 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. Technical Analysis: as you have seen the coin had done its incubation process, followed by Accumulation Phase and now is on its UP Move. there are total of 3 Targets defined by the Fibonacci Projection, where as we get our confirmation of the 3 TP, if 2 TP gets triggered by a strong impulsive wave followed by some retracement and price correction or distribution. but ultimately all these targets are very much feasible
Long
by BitonGroup
12
FIL is reaching ₿ottom soon - We are approaching the stage where accumulation prices start to get interesting. - After an 87% drop from ATH, it doesn't make sense for it to be a distri₿ution. - The main trend line is overcome, we can see that this is not an impulsive dump ₿ut a slow decline. - Wave C may take some time to reach the very ₿ottom, after which I would expect a sideways move with HH & HL -Please leave a comment ₿elow the chart with your opinion on the matter. Thank you :)
by SimboSi98
6
FIL 1D Upward growth cannot be avoidedA year ago we made a forecast on FILUSDT where we estimated a possible bottom and buy zone. It was good work then, and then we made a whole series of accurate forecasts for FILUSD And all because it seems to us that there is a powerful MM sitting in the coin, which quite technically moves the price. Anyway, if you want to read about the project and our thoughts on it, all ideas are open in our search engine on tradingview. And now to the current situation. It seems that now there is pro-trading and searching for the bottom, similar to last year. The only question is: does the consolidation end now and the price goes up in the green fractal, or will it continue going through another month and enter the blue fractal? It turns out that the first growth target for the FIL is around $80 , which is x2 of the current price. The global growth target above the maximum price is around $370 (we don't take into account squeezes that took place at listing on many crypto exchanges in 2020) Write your opinions about possible Filecoin token price movement in comments under the idea and share your charts. _____________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea and comment" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
Long
by P_S_trade
42
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 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
by anoweir
FIL 1D There is still some room for upward price movementThe goal from the previous idea for the pair FILUSDT worked out completely and even more. Who read and listened to our thoughts, could fix at least x2.5 profit within 2 months, or even more for this position). Today we decided to update the idea of FILUSDT, as there can still be an interesting upward movement. If in the next 1-2 days, the buyers will keep the FIL price in a narrow range of $110-120 , there will be a very big chance to make a strong impulse upward movement of the Filecoin price. The zone, where it would be better to completely cover the FILUSD longs and look around, is around $130-160 . And you should pay special attention to the behavior of FIL price near $130 and $160 levels. And then we can expect the FILUSDT price correction to the liquid zone from below, which is in the range of $60-70 _____________________ Do you like the idea fulfilment? Does it help you trade and make a profit? Do you want more forecasts from us? Give us motivation! (Like, comment and donate). These little things won't make us rich, but they will warm the trader's soul while writing the next idea!
by P_S_trade
44
FIL lurking in the shadows, waiting to pounceFIL is another undervalued project that hasn't kept up with much of the bullish buying happening this entire month. It has strong fundamentals as its partnerships and grants program takes off to fund ideas that will extend the reach of this new world of finance. BULL CASE The price could push up well above 200MA and find consolidation near 130. BEAR CASE If price fails, we are looking at support at the 70 level before finding resistance near 130.
by IkanBilisCapital
1