FIL/USDT 500% Potential from here so Which is Good Entry?#FIL/USDT Technical Analysis:
Currently, $FIL is trading at $6.10, which is a significant -97.65% down from its all-time high.
The cryptocurrency has gone down -99% from its peak but has recovered well in the past three months, rising up to 300%.
It is still 122% up from its recent low in December.
At present, the market is in an uptrend, but a significant upward rally is expected only after some more retracement.
It is possible that the price could drop by another 20% from its current level before an upward trend begins.
The best entry point for investors would be at the support level area.
For the cryptocurrency $FILUSDT to be fully in bullish mode, it needs to break upward the resistance level at $9.
Once this happens, the price could reach the target of $26 in the next bull market.
It is possible that the price may go higher, but a minimum target of $26 seems reasonable.
Investors should keep an eye on the support level at $4.80 and the resistance levels at $8.95 and $26.10.
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FILUSDT
FILUSDTFILUSDT at 6H follows its triangular accumulation wedge, reaching its narrowest part, that is, it could break at any moment. your wedge.
In its favor is the RSI, which is highly bullish, and the MACD bullish.
On the 1H chart:
RSI: Exhaustion of Buyer Forces
Supports: 5,938 / 5,869
Resistances: 6,099 / 6,260
Filecoin is the world's largest decentralized storage network, which allows users to store, request and transmit data through a verifiable marketplace. Filecoin is fully open source. The protocol runs on a reliable system that combines Proof of Space-time (PoSt) and Proof of Replication (PoRep), which provides a solid foundation for storing the world's most valuable datasets, minimizes economic barriers, and allows users to take advantage of your networking capabilities. IPFS, a Web3 file system on this system, allows developers to access data over the network.
FILUSDTThe daily FILUSDT is currently on the lower edge of the accumulation wedge, with plenty of room to rise, even more so with the RSI indicating extreme exhaustion of selling forces.
If it breaks down, it will look for MM200 which will be a powerful support at $5,132
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Here are the supports and resistances on the M45 team:
Let's start with the support line:
6,002 / 5,846
Now let's move on to the resistance line:
6,188 / 6,335
RSI with exhaustion of selling forces, has plenty of energy for further upward movement.
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Filecoin is a decentralized platform for data storage. The Filecoin project was launched by technology company Protocol Labs, based in California, in 2014. The main objective of Filecoin is to create an efficient solution for data storage, based on IPFS (InterPlanetary File System) decentralized network protocols. The main idea is that its users install special software that allows you to store data on PC hardware. As a reward, users receive Filecoin.
FILUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart.
Entry: market and lower
Targets: 7 - 9.5 - (~11.5)
after first target reached move ur stop to breakeven
Stop: ~2.8 (depending of ur risk). ALWAYS follow ur RM .
RR: 1 to 6
risk is justified
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FIL ANALYSIS (30M)Hi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORTthe FIL symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
FILUSDTPERPThe comments and recommendations contained therein are based on the personal opinions of those who comment and advise. These views may not be appropriate for the financial statements and your risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not yield results that meet your expectations.
FILUSDT - SHORTFilecoin is one of the winners of this month. It had an impressive rally as soon as it broke MA233. In fact, not only was MA233 left behind but all moving averages. An impressive lesson offered by this pair: FILUSDT.
Currently, on this time-frame, we are approaching distribution.
Confluence, overbought + bearish divergence.
It's time for take profit and short.
FILUSD looks bullish againIn November 2022 we predicted that Filecoin will drop below 3 $:
Now, it's a time for an update and upside targets!
FILUSD looks pretty strong.
The price came back above the resistance which should be acting as a support now.
We may see a few days of consolidations above this key level (5$) which would be very bullish, however it would not be unexpected to see a rally continuation towards 8-9$. MACD indicator shows a positive momentum and it looks strong for bulls. Moreover, If the price breaks above this range, it can shoot up to 11 $ which would be our final target for this short-term trade.
Long-term the price may go much higher.
Good luck!
Filecoin ($FIL): Technical Analysis on Daily ChartHi everyone!
From a technical point of view, the trend on the daily chart is absolutely bearish, but at the same time, with the completion of the bearish impulsive structure (12345), I do not exclude the continuation of the corrective structure (bullish) in play. At the moment we do not have a confirmed bullish signal yet, but if in the short term we manage to trigger another bullish leg before the pullback, the trend could turn bullish again in the medium term. Technically speaking, in the short term, we have a support area around 7.26/6.66 and if $FIL is to turn bullish, it should be held.
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