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FILUSD

Filecoin: Will History Repeat?To stay up-to-date with the latest market developments, be sure to subscribe to Kraken Intelligence at kraken.com What Is Filecoin (FILUSD)? Filecoin is a cryptoasset that aims to incentivize a global network of computer operators to provide a file sharing and storage service. Project founders claim that if enough people adopt it, it could become the fastest and cheapest way to store data on the internet. What’s more, it would not rely on a central authority, meaning the exchange of its files could not be censored by governments or other actors. This is because Filecoin is maintained by miners who dedicate computing power to providing the computation that makes it work. Filecoin miners get paid for making storage space available to users. Filecoin users, in turn, must pay miners for storage, retrieval or distribution of this data. The Filecoin network operates atop another protocol for decentralized file handling called the Interplanetary File System (IPFS). The two systems share many similarities, though the main difference is that while IPFS is free to use, it won’t earn miners any money. Filecoin costs money to use, but could also generate revenue. FIL Statistics: Market Capitalization: $10.9B CryptoAsset Rank: #15 24-Hour Return: +1.8% 7-Day Return: +1.6% From All-Time High: -31% Recent News: According to TechNode , The Distributed Storage Office of China’s Communications Industry Association warned that Chinese companies are using distributed file storage protocol Filecoin to issue unauthorized wealth management products and conduct illegal financing. A new regulation defining illegal fundraising is set to come into effect on May 1. Whether a crackdown in China will weigh on FIL is TBD. However, it ought to be noted that FIL is a high profile project in China and the vast majority of miners are allegedly based in China. Potential Catalyst: At the moment, 648,000 new FIL coins are mined per day. After April 15, this number is set to decrease by -43.2% to 365,000. Technical Setup: Turning to FIL's 4H chart, one will see that FIL has retraced considerably since hitting an all-time high of roughly $235 at the start of the month. Furthermore, one will see that FIL might be forming yet another descending triangle. Although descending triangles are widely regarded as a bearish chart pattern, they can breakout to the upside - much like we saw in March. Be that as it may, FIL's recent rejection from the triangle's resistance suggests that FIL is more likely to test the triangle's support at $136 before testing resistance For FIL to trend lower, it'll have to break through the 21D SMA ($154). If the bulls can defend this moving average, we could see FIL trend higher in the near-term. A break below the 21D SMA and $136 support would warrant a backtest of the 50D SMA ($94), which equates to a -43% drop from current levels.
KRAKEN:FILUSD
by phum126
Filecoin (FIL) - April 14Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. ---------------------------------- (FILUSD 1W chart) (1D chart) You should watch for any movement that deviates from the 148.3290873-190.9615481 segment. In particular, it remains to be seen if it can rise above the 172.0544976 point. If you decline in the 134.1182676-148.3290873 range, you need a short stop loss. What's important in the current situation is getting out of the downtrend line. ---------------------------------- (FILBTC 1W chart) (1D chart) We have to see if we can get support at the 25690 Satoshi spot and climb along the uptrend line. If it falls, we need to make sure we get support in the 23426 Satoshi-25690 Satoshi section. If you fall at the 23426 Satoshi point, you need a short stop loss. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for the sake of convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closing price when closed G2: Cigar at the time of opening (Example) Gap (G1-G2)
BINANCE:FILUSD
by readCrypto
FIL - 4h. Are buyers planning up to $238 again?The recent vertical rise in the FIL price began its correction after the test $238. This mark worked as an indicator for the beginning of active sales in the FILUSDT market. In a previous idea , we wrote that the global FIL price correction could last up to $93. However, seeing how briskly buyers are trying to keep their trend and continue to grow without a protracted correction - we decided to update our scenario. At the moment, buyers have managed to stop the fall in prices and consolidate above the range of $132-137. This range was able to stop for 3 days a powerful wave of growth, which buyers carried out at increased volumes: Touching the range of $132-137 on small volumes on April 7, sellers showed a lack of strength to continue to put pressure on the price. Re-testing the mark of $160 at low volumes will give buyers confidence and increase their chances of breaking the range of $184-194. The importance of this range is clearly visible in the 15-minute timeframe. The first local wave of FIL fall stopped in this range. Only after two retests of $ 184-194 from below sellers were able to continue to lower the price of FIL with a final target of $135.55: Successful fixing of the price over the liquid zone of $184-194 will provide buyers with a second test of the historical maximum at $238. An alternative scenario will take effect if the $ 160 mark is broken. In this case, sellers will have every chance not to stop in the range of $ 132-137 and update the local minimum with the first stop of $119. At the moment, the best option is to wait for either the test $160 or the FIL price fixation above $194. ___________________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
24
FIL/USDT is going to 250$?Hi every One FIL / TETHERUS FIL/USDT is in a bullish flag but the pattern has broken and the price can increase as much as the flag pole ! also the price has completed the first 4th wave of Elliot wave principle and is on It's way to complete the 5th wave which happens to be as much as the flag pole we talked about!! our expectation is that the price would reach around 240 to 250 $ and than start the Elliot's ABC correction! we shall see will it happen or not! Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! Thank you for seeing idea . Have a nice day and Good luck
by CobraVanguard
24
Filecoin (FIL) - April 5Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also ask for the "Like" clock. Have a nice day. ---------------------------------- It remains to be seen if the volatility around April 6th (April 5-7) will lead to a deviation from the 169.6036068-188.2500949 range. In particular, it remains to be seen if it can rise along the uptrend line. If it falls between 124.8419251-132.3106316, a short stop loss is required. --------------------------------------- (FILBTC 1D chart) You should watch for any movement that deviates from the 0.0029834-0.0032899 range. If it falls from the 0.0023704 point, a short Stop Loss is required. -------------------------------------- If you look at the charts of most major coins, it has either risen near the previous high or is exceeding the previous high. These rises are expected to rise even more when the BTC price rises above 60K and moves towards 70K. However, if the BTC price fails to rise to 60K, it is expected that it will eventually turn into a downtrend, so careful trading is necessary. Currently, BTC is in the period of volatility, and the coin market is in the overheating zone. In such a market situation, if you enter as the price rises, the rate of return may be negative. The coin price is recording positive, but the yield of the coin I bought is negative. Therefore, if you are not familiar with day-to-day trading or short-term trading, it is recommended to enter when the coin price declines and then moves sideways and shows support at some point. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator published by oh92. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closing price when closed G2: Cigar at the time of opening (Example) Gap (G1-G2)
BINANCE:FILUSD
by readCrypto
1
the monster: FIlecoin is looking to reloadFilecoin (FIL, filusd, filusdt) looks to be attempting a reload here. It's not there yet for us... the 21 SMA is crucial for our system and when we are below that it's a no-go for us. But this momo name has lots of power under it and has our attention 100. We like this particular area for two main reasons... the VWAP (lime green) and the volume profile LVNs. Significant areas of support no doubt... only thing lacking here is price action to confirm with the 21 SMA.
COINBASE:FILUSD
by HumbleFutures
8
Will FILUSDT be successful in breaking out now? FILUSDT since the drop on 2nd April, had formed triple bottom and have successfully crossed the neckline. Now what we have is a Symmetrical triangle , with the Resistance line (RED) yet to be validated. Scenario 1 - Mostly FILUSDT should break its Resistance at 194. If it manages to break , then next target should be 203. Scenario 2- If it is not able to break the Resistnance at 194, then it will be forming a Double Top, and could potentially fall below 181. Probably keep a close eye in coming hours on which side it is heading If you like my analysis then do share drop a LIKE and leave your COMMENTS. Also do SHARE it with your friends and groups :) Note: These are my personal notes and in no way a financial advice. Do your own research and trade wisely
by Manjyot
2
FIL/USD - Unstoppable price action. FIL to $200. 🚀FIL has done the impossible. It pumped when the market dumped today. BTC hunted stop losses and liquidated people. What did FIL do? It pumped! FIL is totally disconnected from the broad market and lives in its own world. For this reason, I don't see why it can't continue to $200 and beyond soon. As shown on the chart, we seem to be on a parabolic rise which is quickly approaching the resistance levels around $200. If that can't stop us, then we're just going to continue with price discovery. Nevertheless, price is quickly approaching a vertical ascent, so I do expect us to take a break at some point. For now, the indicators are all very bullish. If you missed this train, best to wait now, you don't want to buy at $200 which will be a strong sell area. See price action at $100, we were rejected the first time. Enjoy the profits if you loaded on this at $20. Like and follow if you liked this idea! Also join my crypto community to stay in touch!
Long
by DU09
7
FIL 1D We can expect another +200-300% growthWe haven't written a global FIL overview for a long time. The latest global review clearly worked out the fall from $31 to $21 This point was at least last year. After that, there was a grueling 2-month consolidation and accumulation of positions by the players. But after the consolidation, a frenzied upward impulse awaited us. We also warned about it in ideas. Now what? Now we have a consolidation of prices before a possible continuation of the upward movement. Levels from which the FILUSDT price may start moving up: $42, $35-37, and $33 Accordingly, the top targets for FILUSD growth, which are worth remembering, are $75, $85, and $110 If you remember how FILUSDT was pumped from $20 to $400+ last year when the Top Exchanges started listing it, then the scenario looks very realistic. _____________________ 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" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
by P_S_trade
25
Filecoin (FIL) - March 27Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a nice day. -------------------------------------------------- ----- We have to see if we can get support at 122.4573 and rise above 133.7916. If it falls, you need to make sure you get support in the 105.4559-111.1230 range. In particular, it remains to be seen if it can rise along the uptrend line. If it falls between 82.0287-88.4544, a short stop loss is required. The next volatility period is around April 4. ------------------------------------ (FILBTC 1D chart) We have to see if we can get support at 0.0022295 and ascend above 0.0024721. In particular, we have to see if we can ascend above the critical point of 0.0025896. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for the sake of convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closing price when closed G2: Cigar at the time of opening (Example) Gap (G1-G2)
by readCrypto