Filecoin (FIL) coin formed bullish Shark for upto 11.50% moveHi dear friends, hope you are well and welcome to the new trade setup of Filecoin (FIL) coin with US Dollar pair.
Previously we caught a nice trade of FIL as below:
Now on a 4-hr time frame, FIL has formed a bullish Shark move for another price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
FILUSDT
FILUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart.
growth from current price or through one more decline in zone 4 - 3$
I dont wanna miss trend that's why im already in pos and will buy more if we get one more decline.
In any case we're in a global buy zone 4.5 - 3$
Entry: market and lower
Targets: 6.2 - 8 - ~10
after first target reached move ur stop to breakeven
Stop: (depending of ur risk). ALWAYS follow ur RM .
risk is justified
Good luck everyone!
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It's not financial advice.
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Open to any questions and suggestions.
FILUSD 30 % drop possible before finding the bottomFILUSD looks bearish .
Resistance acting as a resistance . The price currently is below the key level and 30 % drop is still possibble before finding a potential bottom .
Currently it looks that the price may reach just below 3$ or maybe even 2,5 $ which would be a good buy zone for the next bull market.
Any bounce probably will be a short lifted and the price eventually will go down.
Good luck
Filecoin : Bullish structure impact!Hello everyone!
Filecoin appears to have paved the way for further upside in the short-medium term. The technical structure on intraday chart is bullish, and from a technical point of view, one should increase long positions on each retracement.
If this idea will be supported by your "Likes" we will continue to follow the crypto with updates below.
thanks for your attention and please... trade with care! 💖
Filecoin FIL price "more dead than alive", what next ?Two months ago, we made the idea of FILUSDT, where we wrote that the price was at a critical point near $5.
Unfortunately, the fall in the cryptocurrency market continued, and the FIL price reached the target of $3
Moreover, the price of Filecoin token on 16.12.22 updated its absolute price minimum - $2.42
What do you think caused a -40% drop in the FILUSD price in just 15 minutes on 16.12.22, write in comment?
The most positive scenario at this moment for FILUSDT is consolidation around $3 with further growth to $5
It will be unrealistic to break above this level the first time.
If you believe in this project, the price of current purchases is close to the minimum.
A similar situation on the FILUSDT chart was in December 2018, but there is a nuance, then the BTCUSDT price "trampled" the bottom around $3200, and now Bitcoin is 5 times more expensive (Fil unfortunately not...)
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THE NET VALUE OF FIL = 21 USDSince the bear market, more coins did lose their value, and some coins are even lower than the current price in NET value.
Today we are going to add about FIL, where we expect a short-term target of $ 4.30
NET value is much more important to count since this coin is able to return to $21 USD as Net value.
THE 21 USD was also the most important Zone for the increase to above 700% increase by FIL in 2021
We did count today depending on algorithmic trading and more trends and found out that the net value of this coin should be more than it's now.
Also, for this reason, we will follow this coin coming time.
The current price of this moment is 3.73 Depending on netcounting its wroth 21 USD.
Dealing with resistanceThe target we can consider for FIL and expect a negative reaction from it is considered in the range of $4.08-$4.17. This buying pressure indicates that the price can continue the upward trend after a correction on the upper range of the previous channel. Note that the specified resistance, because it was the floor of the trading range channel in the past, can have a negative reaction at the first encounter with a very high probability.
FIL your bags nowMassive upside incoming, the future of cloud computing on the blockchain, not sure how theyve accomplished it but this is a decentralized dropbox apparently and its gold. Just has its caputialization drop last week where it retested the lows, to take out all of those bag guys, should be moon city from here on out. probably follows eth and the markets in general but besides that lets get it
If FIL/USDT Ready for a Giant Explosion to Reach $3.3?Filecoin price dropped hard in the past week after undergoing a significant upswing in the first few days of December 2022. Meanwhile, the price is currently consolidating within a decisive symmetrical triangle and reached the apex of the consolidation, beyond which a notable price action is expected depending on the volume induced.
Observations:
- Price volatility has slashed due as trading volume has slaughtered
- Bollinger bands experience a squeeze
- FIL price is testing the lower trend line and attempting for a rebound
Forecast:
- As the buying volume is failing to mount the required pressure, the possibility of a rejection occurs dragging the price towards the lower support at $2.88
- Else, if the bulls hold the price above the lower support, then the current consolidation is expected to extending, which may in turn extend the symmetrical pennant
- A bullish breakout, which is unlikely, may rise the price beyond $3 to reach $3.1
Crucial Support: $2.74 to $2.78
Crucial Resistance: $3.26 to $3.3