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FILUSD

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 (Filecoin) Coin {Market Cap} Analysis 02/04/2022Fundamental Analysis: Protocol Labs describes Filecoin’s tokenomics, or economic model, as a “market for data” where users can sell their storage space to other users, who are looking to rent. Five stakeholders will be able to trade tokens: developers, clients, miners, token holders and ecosystem partners. There will also be three Filecoin markets, according to Protocol Labs: file storage, file retrieval and on-exchange token trading. In fall 2020, 400 miners participated in what was called the “Space Race” testnet phase, increasing Filecoin’s network data capacity by over 325 pebibytes; approximately 3.5 million FIL tokens will be released to the Space Race participants. The current CoinMarketCap ranking is #37, with a live market cap of $4,752,814,707 USD. It has a circulating supply of 185,777,188 FIL coins and the max. supply is not available. Technical Analysis: There are Total of 3 Targets defined by the Average Confluences of the Fibonacci Expansion and Fibonacci Trend Base Extension. these confluences Points can even be counted as the Major Pivot Points . The 3 TP gets its confirmation as the Bullish trend Triggers the 2 TP followed by some Price correction and Reaccumulation. on its Up Formation rally. Currently the Price Value is at 78.6% Fibonacci retracement level; it means it has broken the 78.6% Fibonacci Retracement as the Resistance level and had rechecked it backed and it has been Proved to be the support area . The Fibonacci Tools have been Drawn From 0$ to the ATH, so the Specified Levels are well Defined and Proved. The Asset is at the Accumulation Level Currently, which means soon the smart many will Flow in it and the Price Value will get Pump and Appreciates Probably we may not again see this 78.6% Fibonacci Retracement Level or bellow in the current cycle.
FLong
by BitonGroup
FILECOIN - Key Breakout Just Now 🍪 NEWS: Meet the 12 startups participating in the new Filecoin Techstars accelerator About: The coin was launched in June 2019, and it raised $52 million in its presale and $205 million in its initial coin offering. FIL is a universal payment method with a steady exchange rate. Digital currency can be used to buy and sell goods and services. A POS system is used to ensure suitable functioning, as well as the scrypt hash function. The initial coin offering started at 0.0005$ with the total Filecoins (FIL) which were allocated on the market at (Presale + ICO) was 60%. Filecoin is a P2P (peer-to-peer) network that offers web services such as file storage to users. It has also built a system that inducements miners to submit and securely shop files. The cryptocurrency connects the world’s funds, funds’ investments, and cloud funds. For those who have invested in the decentralized multi-channel platform. Large gains are expected during the first year. Cryptocurrencies still may have an uncertain future as the founder of Ethereum (ETH) Buterin announced that he is fearful of overzealous investors, the rising transaction fees and the openly flaunted riches that dominate the public perception of cryptocurrencies. Our Chart: We see the price has just breached over it's Key resistance which is now beautiful support! Time for us to Buy some more. One Love, the FXPROFESSOR
Long
by FX_Professor
6
FIL has exploded to the upsideFIL taking off FIL has started to trend upwards with a huge influx in volume having gained near 50% in 2 days. PA failed to break the low set on 24th January after mitigating the last daily supply zone. There was a nice build up of bullish divergences on the RSI and MACD showing signs of strength coming back on the low and has since reversed after faking out the low and breaking out of downtrend resistance. Price has broke weekly structure to the upside and taking out the supply above. I think price may continue higher to mitigate the extreme daily supply zone of the last impulsive move down, from there a pullback back into demand zone that formed prior to the impulsive leg to the upside and probably see a trend reversal on the HTF with HH and HL formation. Something I’ve been watching and DCAing on the last few weeks. FIL has great fundamentals and price action looked great on it!
Long
by marshyyy
FIL Breakout and Bottomed OutFIL has broken out of downtrend resistance after faking out the previous low with a high volume bottom and being very oversold on the HTF. 3D RSI reset with bullish divergence above the MA with lots of room for upside, MACD on weekly converging and showing first green bar on histogram and bullish crossover of MA’s. Price action has created bullish reversal pin bar candles on the weekly TF, on the daily price has put in a new higher high with volume coming in strong, would expect to see a reversal here and the start of HH’s and HL’s. Looking to flip the first area of daily supply and take out the high for continuation higher.
Long
by marshyyy
1
FILUSDT 4H - might a signal for an uptrend.FILUSDT dropped from about 100USDT to 16USDT. Personnaly, going down than 16USDT is psosible BUT i don't expect it. Now we are trying to pass over the SMA200, in the following days either it will go over or down but as said down means to expect FILUSDT to between 0 and 16 UST which seems to be not realistic. My plan is 2x at least in the following weeks and months. It is not a financial advice, my personal idea. What do you think yourself ? are you bullish also ?
Long
by MarketAnalyser
1
FILUSDT symmetrical triangleA symmetrical triangle pattern can be seen in the filecoin FILUSDT chart In the collision of the price with the Key-Level, which is the same as the uptrend line And on breakout the descending line of the triangle, you can enter into a deal according to risk and capital management 🔵 Long on triangle breakout or set on Key Level 23.65 🟢Target 1 25.60 🟢Target 2 27.80 🟢Target 3 29.60 ❌Stop loss 22.85 I hope it is profitable for you Please support our activity with your likes 👍 and comments .
Long
by NamchaTa
FIl Fakeout before a move up?1W/1D Charts Fil is bottomed out here in weekly supply zone and swing low of weekly structure, I think we have faked out the lows of the previous weekly swing structure with high volume, now forming a reversal candlestick formation on weekly. Fundamentals are strong with this one and I’ve DCA’d into it at $20 as the upside is hard to ignore with a coin like this imo. MACD on weekly converging and showing signs of strength with bullish divergence on the daily.
by marshyyy
1