FileCoin FIL - Ready for a bullish action! + Elliott Wave + Base
For a confirmation trade, buy a breakout above 6.41 USDT, which I strongly advise you to do here!
As per my Elliott Wave analysis, the huge impulse wave has been finished successfully and now we are ready for a bullish retracement.
As you can see on the chart, we have a local base (rectangle pattern) and this is something i like to see!
The last trendline of the last impulse wave has been destroyed by the bulls, so another great sign.
The profit target for this trade is 6.5 USDT, which is totally doable, but in the long term, I think we can go even higher.
Look at my ideas about interesting altcoins in the related section down below.
I expect tremendous pumps for selected altcoins. You can find them in the related section down below.
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FILUSD
Filecoin (FIL) - July 31Hello?
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(FILUSDT 1D Chart)
Primary resistance: 8.09-9.61
Secondary resistance: 15.65
1st support: 6.83
2nd support: 5.50-5.86
If it rises to the 8.09-9.61 section and is supported, it is expected to show an uptrend.
Since the RSI and StochRSI indicators have entered the overbought zone, it is important to find support and resistance at the point when they break out of the overbought zone.
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** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading. It is a short-term investment perspective.)
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FILUSD bottom forming Filecoin like many altcoins is forming the bottom. We don´t expect a big pull back as many altcoins already formed their bottoms and FILUSD is lagging behind but we expect it to form the bottom soon and pump towards the next strong resistance at 17 $.
However, with the strong bullish momentum (expected in the next weeks), we expect FIL to reach our mid-term target (27 usd) in August or early September.
Long story short:
-Accumulate FILUSD now
-take profit at 17 $
-Sell everything when reaches 27 $ and expect the pullback.
- Most likely BTC will be ranging what will give time for altcoins to rise in the next weeks
Runeusdt inverse head and shoulders....Our last bullish analysis on Rune was not triggered as we didn't get the strong 1H breakout candle we needed for entries....
Am proposing this riskier but more rewarding entry.
We will be needing an impulsive 1H breakout of that cute inverse head and shoulders for entries on the retest.
Like and subscribe......1:48R which goes to 1:5.5R on scale-in.
FILUSD ❕ expanding channelPrice has broken through the lower boundary of the expanding channel.
Trading volumes are low.
FIL ignored the reversal signal up the TD Sequential indicator (1H TF)
I believe that the asset is not enough liquidity for further growth, so after fixing under the lower boundary the price will go down.
Crypto getting tight into lows.. Squeeze coming?I'm seeing charts like this XRP weekly all over the crypto-land. After such a persistent push a sick bounce should be in the cards somewhere... the questions is: where? Keeping an eye on where price holds on the weekly can give a great headsup as to where you could get a solid squeeze... and in cryptoid-land that could be up to 400% on some coins. The ones that look best to potentially set up so far are:
DAPPT
XTZ
XMR
FIL
ENQ
XRP
I will post charts if these actually do make an attempt to put in a nice bear market bounce.
FIL going down again ? Hello Trades,
We may be forming a Descending triangle on FIL now which is a bearish continuation pattern.
Target : 6.80
Fil is now standing on a strong support, Hopefully it can hold it and this pattern fail.
Some of you gonna ask, why I drawed the lines with candles under
I wanted to post this idea on 4h chart, but it seems that the real support is closer than that of lower timeframes shows.
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Educational :
The descending triangle is a bearish formation that usually forms during a downtrend as a continuation pattern. There are instances when descending triangles form as reversal patterns at the end of an uptrend, but they are typically continuation patterns. Regardless of where they form, descending triangles are bearish patterns that indicate distribution.
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FIL/USDT Analysis #TheCryptoCityFIL Analysis
This is my idea. I have tried my best to bring the best possible outcome to this chart, Do not consider it FINANCIAL ADVICE.
So let's see how the market reacts in the coming days.
This chart is likely to help you in making better trade decisions
I am not a market maker I could be wrong.
Everything is on the chart.
Everything Depends On BTC Movement
Thank you
TS ❕ FILUSD: slowed downFIL reached the support level and slowed down. An upward rebound is possible.
BUY scenario: long to 9.27.
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
#FIL/BTC 1DAY UPDATE BY CRYPTOSANDERS !!Welcome to this quick FIL/BTC analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason of trade:-FIL/BTC PARALLEL CHANNEL and buy the green zone and (SPOT CALL)
Entry:-0.000251,0.000280
Traget:- 70%
Stoploss:- 0.000225
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
FIL - Trapped longs, may be good fuel to long laterAs we can see from the candle, some bulls got trapped but haven't been liquidated yet. I expect movement to the trendline and if volume appears and price squeezes back that would be a good opportunity to long
⭐️ BTC had huge liquidations, we may see a pullback
⭐️ Market is in panic
⭐️ If scenario plays out, we will have a trap precondition too
⭐️ 4th touch
⭐️ Near the end of formation
⭐️ Over VWAP
Will enter when price squeezes to the level on lower timeframes, the base will form and the strip will get faster.
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
FILECOIN BOTTOM CLOSER THAN EVER!Filecoin is on the cusp of completing a Zigzag ABC correction,
These current levels are buy zones for spot buys
Best Place to go long is Orange Horizontal Support($20)
Top of the Descending trendline is The first target,
0.618- 2nd target,
Hodl the rest till price rejection.
FIL - Such setups are of legendary rarity💎- Market is scared
- Trendline is clearly visible
- There have been many touches
- Formation is 40 days old
- The coin is in the end of formation
- Will enter when price squeezes to the level on lower timeframes, the base will form and the strip will get faster.
Fix profit by parts:
2% - 1/3
4% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
FILUSD Appears to be in a false breakout - 4HI believe we could be in the middle of a false breakout to the downside with FIL.
Breakouts of solid trends are almost always accompanied by a huge volume candle to confirm the demand. This breakout happened on very very weak volume, likely because of FILs correlation to BTC. I forsee a whip back above the triangle, and then a possible retest down to the red line marked on the chart before continuing higher.
I am bullish on FIL. It is only a matter of time before mainstream catches on.
FIL - Culmination is near🥩
BTC direction is uncertain, so use only half of usual volume .
- Level is clearly visible
- 5th touch
- Volume at top
- Under VWAP
- 50 ATR
- Lenth of formation is >400 bars
- Will enter when price squeezes to the level on lower timeframes, the base will form and the strip will get faster.
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones