Filecoin / FIL & FVMFilecoin rose sharply on Friday but why? The jump fueled social media excitement about the blockchain’s March 1 launch of its Filecoin Virtual Machine aka FVM, a software platform that will introduce smart contracts and enable developers to design decentralized applications on the Filecoin network.the coin’s price jumped from $5.4 at 10:00 UTC to a high of $8 at around 5 22:00 UTC.
Filecoin announced that it will launch smart contracts in Mar'23, making it a fully-fledged L1. FIL rose by 23% in 24 hours. There are currently 3,785 active miners on the Filecoin network, storing 18.767 EiB of information, and staking 134,023,969 FIL.
The price of FIL is $9.19 today with a 24hour trading volume of 1.2 billion dollar. This represents a 22% price increase in the last 24 hours and a 80% price increase in the past 7 days
FIL saw an increase in open interest rate, denoting increased demand and bullish sentiment in the futures market.
next targets for Fil are 9.5 and 9.9$ and stop loss at 8$
Filecoinbuy
Filecoin - No Danger No glory.
- Filecoin lost -98% from his ATH.
- ICO managed to get 200M$ in 2017, VCs dropped a lot and made so much benefits in 2021.
- When whales will be tired and start to rebuy, the bounce could be very aggressive.
- This project is huge and was listed in all Top Exchanges ( Coinbase, Binance, Kraken, Cryptocom, etc )
What Is Filecoin (FIL)?
Filecoin is a decentralized storage system that aims to “store humanity’s most important information.” The project raised $205 million in an initial coin offering (ICO) in 2017.
Filecoin aims to store data in a decentralized manner. Unlike cloud storage companies like Amazon Web Services or Cloudflare, which are prone to the problems of centralization.
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Trading Zones
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- Buy : 4.50$ (Buy a bit)
- Rebuy : 2.50$ (Fire Buy)
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TP1 : 25$ (security TP)
TP2 : 120$
TP3 : 230$ (ATH)
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Happy Tr4Ding !
FILECOIN Analysis and Trade Idea💸 #Analysis #Trade 💸
📊 #4H
📝Leverage: 3x-5X
LONG #FILUSDT from 7.45$ to 8.045. stop-loss 7.25$
15m TF. The price has broken the long consolidation where the loading of huge players took place. The price has broken the structure and the market profile level will be protected as the price reaches it again. Waiting for the price to enter the zone. It is expected that the pullback occurs from 7.6. Be careful, the loading zone is about 5%
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📗Order Type: Buy Limit (Not Active Yet)
🟡Ep 1=8.045$
🟡Ep 2=7.45$
⛔️Stop>$7.25
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📕Order Type: Sell Limit
🟡Ep 1=12.5$
🟡Ep 2=15.70$
⛔️Stop> 16.70$
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📊Powered By Smart Money Concept+Volume profile
🆚Risk/Reward Ratio:10
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👤 Analysis By Hyperion Trader
📅 2.19.2023
📫Get Free Access to Premium «Analysis + Trading Signals»
Filecoin on its way to oblivion?Well it has been looking terrible hasn't it. However, we are really, really, I mean REALLY closing to a turning point. I have to make this post because if you don't see the possibility of a flip-ver here soon you are blind. I see the green order-block as the optimal turning point and I also see it as a very cheap buy.
FIL/USDT about to do a rally!Hi everyone,
Seems like Filecoin (FIL) is showing positive divergence on the RSI Divergence Indicator after seeing that is actually double bottoming. Will it hold? Who knows! :)
As always, DYOR.
Let me know what are your thoughts.
Enjoy!
Entry Price: $64.00
Stop Loss: $52.80
TP1: $96.50
TP2: $124.65
TP3: $165.15
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.
Filecoin bias bullish after it break the descending trendlineExcellent risk and reward ratio with this pair after it break the descending trendline indicating bullish momentum.
Filecoin potentail swing trade set-upGood day fellow trader,
Filecoin might be getting ready for a shift in momentum. We are at the low of the larger range, healthy correction 61.8. Close to support which gives a good risk-reward set-up.
Buy up to $142
SL $119
The rest of the targets on the chart is mid-long term chart. There are interesting levels in between for profit-taking. Move SL once in profit as per usual.
Monitor the daily chart for more confirmation, at the moment it's still not looking like a reversal. We are assuming the position might cause that in the upcoming days.
Former high is almost $100 away. Which is already a substantial profit move if it happens.
This is not Financial advice,
Good luck to you all
FILECOIN : BUY THE DIPSGreeting from IRAN to whole trading community
FILECOIN has managed to make a new ATH in early April
After that it started a retracement move through a descending channel
We saw a fake channel breakout but price came back to the channel immediately
After some days of straggling , price could breakout its descending channel and started a new uptrend (Dotted Red Line)
First TP would be 200$ 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 :)
FILECOIN GET RID OF ITS PRISONGreeting from IRAN to whole trading community 💙💙
FILECOIN has reached a new ATH in 1st of April , after that it started a retracement move
Price was moving through a descending channel and it tested bottom of the channel twice which both was unsuccessful
After that we saw a strong bullish move which raised the price to the top the channel
After a while price breakout its descending channel with a strong full body candle then pullback to its broken level
Higher targets is available for FILECOIN as long as price remain in the ascending channel
TP1 : 200$
Post will update
KEEP IT SIMPLE :)
Will FILECOIN PUMP on the way???Greeting from IRAN to all traders and investors 😊😊❤❤
FILECOIN made a new ATH in early april
After that it started a retracement move through a descending channel.
Price tested bottom of the channel twice which both of them was unsuccessful!!!
After that price went up through a new short term ascending channel.
If top of the main descending channel breakout strongly first target would be 200$!!!
Just keep it simple ✌
This post will update ...