$FIL will start it's rally nowCRYPTOCAP:FIL has formed two reversal buttom on the daily TF wich may puch it up for the green targets.
SL is red.
DYOR, your money is your responsability
FILECOINUSDT.P trade ideas
#FIL → Corrective C wave time H4According to the analysis of the previous post, which we had a downward scenario for the daily time, it is moving in a descending channel in the H4 time, the final correction form of which can be an ascent in the form of a complete cycle, at least until the red box area. If the first red box is broken, the next areas will have the ability to be touched respectively. But in the daily time, the previous scenario is still valid and the correction is ongoing. But in lower times, these upward corrections are a response to the previous upward trend.
Frist TP: Red Box1
Sec TP: 5.72
The third profit limit: Red Box2
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📊#FIL successfully reaches the TP zone, what next❓💥Everything developed as expected. We entered the market based on the establishment of the double-bottom long structure. Currently, we have completed all our goals and achieved a rate of return of 1300%+. Congratulations to our friends who followed Wolf King to print money.💰🚀🌕🍻
🧠There is a probability of a correction after the target is achieved, so I don’t know whether it will continue to complete the fifth wave of rise, and we need to observe the new structure.👀
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Potential Long Trade is Almost Ready to go on FILCOIN /USDT PAIREntry Criteria
1. We will be waiting for the price to hit our Entry Zone
then
2. wait to internal break of structure on lower time frame to me (5m) works perfect
Stop loss is below 78% fib then we will keep moving with the new trend line, i will try updating along the way.
hope everything will go with the plan.
Analysis Update for FILUSDT - 1H Dear investors,
I would like to provide you with an update on FILUSDT, highlighting the current retest of the resistance zone at 5.53. Additionally, I want to discuss my price targets and associated risk management.
Current Situation:
At the time of this update, FILUSDT is retesting the resistance zone at 5.53. This level is crucial as it has historically posed significant challenges for upward movements.
Price Targets:
Following my analysis, my price targets are as follows:
First Target: 6.00 - This area has been identified as the initial target, based on a thorough analysis of support and resistance levels, as well as technical patterns.
Second Target: 6.50 - Extending further, the next target is set at 6.50, supported by technical indicators and a comprehensive market context analysis.
Risk Management:
To achieve these targets, I have implemented a risk management strategy:
Accepted Risk: 5% - I have decided to risk 5% of my initial position on this trade.
Anticipated Reward: 17% - My goal is to gain 17% on the trade.
Risk/Reward Ratio (RR): 1:4 - With a 1:4 RR, I ensure that potential gains significantly outweigh anticipated losses.
Possible Scenarios:
Achievement of Targets: If the price reaches the targeted levels, a reassessment of the situation may be necessary to determine new opportunities or adjust the strategy.
Rejection from Resistance: In the case of rejection, I am prepared to review my position and readjust the strategy accordingly, considering potential support levels.
Conclusion:
The current strategy focuses on clear price targets, prudent risk management, and flexibility to react to changing market conditions. It is important to stay informed about market developments and adjust the strategy accordingly.
Please note that this analysis is based on the current market situation and is subject to changes. Ensure to continue monitoring the market and making informed decisions.
Best regards,
FIL LONGPoint of entry for the coin FIL: BUY at the price of 5.556$, target Take Profit 14%. 1HR, 4HR resistance is broken, good volume. Follow me for more signals!
Regards
Filcoin outlook
I've noticed that Filcoin is showing bearish divergence. I'm considering taking profits by strategically aiming for the trendline and at support.
#FILUSDT (Watchlist) 6-2023Filecoin is a decentralized storage network that offers a more efficient, cost-effective, and secure way to store data. It is a promising project with the potential to revolutionize the way we store data
Market capitalization: $1.8 billion
Circulating supply: 212 million
Max supply: 200 billion
Launched: October 15, 2020
Website: filecoin.io
Filecoin integrated with Cartesi to bring smart contracts to decentralized storage.
Filecoin announced a $100 million grant program to support decentralized storage development.
Filecoin integrated with The Graph to make data more accessible.
Filecoin (FIL) is considered a Web3 coin. Web3 is the next generation of the internet, which is built on decentralized technologies like blockchain. Filecoin is a decentralized storage network that uses blockchain technology to store data. This makes it a perfect fit for the Web3 ecosystem, as it allows users to store their data in a secure and decentralized way.
Add BINANCE:FILUSDT to your watchlist.
Note:
This isn't financial advice, but an analysis of coin movement (not a buy or sell signal). Before following any ideas, do your own research and practice good risk management.
You can't impose your opinion or force it to happen in the cryptocurrency market. So, be prepared for any outcome.
Remember, the cryptocurrency market is highly volatile and involves both gains and losses. Understand the risks before investing.
Good luck to everyone, and we hope that Allah reconciles and repays us all. 🙏
Filcoin idea💎 The falling wedge breakout in Filecoin indicates strength. I am taking a long position and will exit for profit at the resistance level.
EASY AS
FILUSDT Analysis - Waiting for a Price Decline to 4.97 USDTOverview:
On the FILUSDT chart, a downtrend is observed, with a key support identified around the 4.97 USDT level, as depicted in the green zone on the chart.
Recommendation:
It is advisable to await a price decline to the support zone at 4.97 USDT before considering a buying position. This zone appears to be a significant support level, and price history suggests rebounds are common from this level.
Key Points:
Support Zone: The green zone indicates a key support level at 4.97 USDT.
Buying Position: Consider a buying position once the price reaches the support zone at 4.97 USDT.
Stop Loss: Use a tight stop loss to manage risk in case of unexpected movements.
Risks: Avoid entering a buying position at the 5.14 USDT level, as this could entail higher risks based on technical analysis.
Advice:
Be vigilant and patient. Wait for confirmation of the price decline to 4.97 USDT before making a buying decision. Utilize tools such as momentum indicators and candlestick patterns to refine your entry.
Note: This analysis is based on historical data and past trends; markets can evolve, and it's essential to monitor real-time developments.
Filcoin short analaysis The price is currently in a falling wedge pattern, suggesting a potential further decline.,taking profits on lows.
Filcoin short!I believe Filcoin is indicating weakness in LTF and there appears to be a bearish divergence in the RSI (Relative Strength Index). I'm considering taking profit on HTF (Higher Time Frame) lows.
📊#FIL is expected to challenge the Front H⚔️➡️As expected, the market experienced a correction at the daily level, which is very reasonable, because after the structural goals of the large cycle are achieved, there may be adjustments to the corresponding level. Due to the multiple additions to the position, my cost price was raised, so the small portion of the position we had left was wiped out at break-even.
🧠From a structural point of view, we have formed a new long structure in the D buy zone, so it is reasonable to start a daily rebound from here.
➡️From a wave theory perspective, we appear to have completed Wave 4 and are looking forward to the development of Wave 5
Let's see👀
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FIB retraced to 0.382I think the correction is done for now and going back up again.
Watch those fib levels for take profit on the way up if looking to swing trade.
Otherwise buy now and wait until confirmed market structure
FilcoinI'm looking forward to bullish price action on the higher time frame. I'm eager to see if buyers will enter this zone and help push the price up. I'm also thinking about the potential to take profits at major resistance zones.
Potential projects: Our next guest is FILUSDT BINANCE:FILUSDT BINANCE:FILBTC Cloud storing is good project.Fundamental project ✅.Accumulation both USDT and BTC graph✅.Descending canals✅.I don’t know when but this project gain can be BLAST!!.Maybe after btc reaching 32k lvl this project one of the best projects to invest.BUT ETHBTC showing up moves.AS I MENTION I DONT KNOW WHEN.
Filcoin analaysis
My first partial TP filcoin is currently on a5.064it is on downtrend, but it is showing strength on the RSI. Let's see how it plays out.
FilcoinIn the crypto market, it is crucial to adopt a mindset focused on trading based on the current market conditions rather than attempting to predict its movements.
Instead of relying on predictions, it is advisable to switch from long positions to short positions when appropriate. This allows for flexibility and the ability to capitalize on potential market downturns. By doing so, one can anticipate the price to decrease significantly or take profits when specific price levels, indicated by the user's vertical red lines, are reached.
Following these recommendations can help traders navigate the crypto market with a more informed and adaptable approach.
FIL Long Opportunity Fil Long Opportunity.
Pullback from Support Zone.
Took some liquidity from previous low
Bullish divergence
Filcoin shortI am shorting this position because it is indicating a weakness. I am taking profits at the lows to capitalize on the downward movement.
Short filcoinI have identified a higher timeframe rejection on Filcoin and have taken a short position on the Filcoin altcoin in the lower timeframe. My plan is to profit on the swing low.
