FILUSD.P trade ideas
FILUSD breakoutMy old fav from a few weeks ago FILUSD just forcefully broke through to the upper band of the Keltner channel with very bullish intentions. IF it continues to run and breaks out of the upper Keltner band (currently 167.7) then we can expect for another nice bull run over several days at least. If the upper Keltner rejects and send it back down most likely we're looking at a mean reversion to 138 or so. BTC of course will play a role in this as it seems to have gravitational pull on most of the alts, with the notable exception of ETH. Happy trading and trade safe!
After Consolidation FIL Gives A BreakoutFilecoin price traded at $156 with a gain of 3.21% in the last 24-hour and 18.08% up in the weekly time-frame. Furthermore, FIL bounced back from the support of $131.50. In contrast, the market capitalization stands at $3.26 billion. Technically, investors can perceive a positive crossover in the EMA, and the price is above the EMA-20. RSI index showcases an upward slope. Moreover, the price movement can be towards the resistance of $190.80 in future trading sessions.
Resistance: $190.80
Support: $131.50
Filecoin, How A Decisive Breakout Can Emerge!Hi,
Welcome to this analysis about Filecoin, we are looking at the 4-hour timeframe perspectives. As Filecoin in recent times has shown up with bearishness to the downside testing several supports in the structure it formed reversal attempts that did not yet fully converted into a sufficient reversal with continuations. However, as Filecoin now forms this major descending-triangle-formation with the coherent wave-count within this can lead to a substantial breakout and continuation when Filecoin manages the breakout above the upper-boundary, therefore it is highly necessary that Filecoin does not fall below the support again because this will invalidate the whole formation and show up with bearish alignments, it will be an interesting development.
In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
"There are many roads to prosperity but one must be taken."
Information provided is only educational and should not be used to take action in the market.
FILEcoin long setuoMost alt coins have had a unprecedented bull run over the last 8 months (as many assests have). So caution always needs to be applied but we can see that the 50 ema has not been violated by any bar closures and we can see strong bullish action on the chart.
With a space between the entry and the next two targets
FIL/USDT Bullish Shark -- $287 TargetFIL/USDT with a Bullish Shark harmonic that backtested the PCZ and has Bullish Divergence on the Daily.
Targets:
1) $195
2) $227
3) $287
$FIL: Previous pump still to be reclaimedA lot of things have pumped in the last few days and have reclaimed their ATH from last couple weeks pumps. We're in a bull market. I'm looking for setups like this.
Technically I'm just looking at the daily chart with some fib MA's, we can see the 55ma acted as really good support on this nice correction. Once the 8 period MA rises above the green 13 day? I'd look for long positions with a minimum TP of previous all time high.
Bull flag + (Weak) Bullish divergence + very tight BBHi!
Looks like FIL/USD is ready to bounce - if BTC/USD holds up its end of the bargain ofc.
Note that the bullish divergence is weak, so do not take this to be a clear buy signal in itself. However, in combination with very tight BB and lower end of flag, it looks very promising.
As I said - watch BTC/USD before making a move.
DYOR.NFA.
Filecoin (FIL) - April 25Hello?
Dear traders, nice to meet you.
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We have to see if we can get support and climb on the 134.1182676-148.3290873 section.
If it falls in the 77.2749855-82.1495451 section, a Stop Loss is required to preserve profit and loss.
In order to turn to an uptrend, it must rise above the 148.3290873 point and gain support.
The most important thing at this point is whether you can get off the downtrend line.
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(FILBTC 1D chart)
25690 Satoshi-32482 Satoshi section to see if there is any movement that deviates from it.
In particular, it remains to be seen if it can break off the downtrend line and get support at Satoshi 29827.
If you fall in the 23426 Satoshi-25690 Satoshi section, a short stop loss is required.
If there is a decline in the 17379 Satoshi-18899 Satoshi section, a Stop Loss is required to preserve profit and loss.
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It is advisable to trade at your average unit price.
This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden.
The center of every trade starts with the average unit price you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit.
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** 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 or CME and BAKKT exchanges were closed because they are not trading 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
harmonic art with fib toolsby setting the trend lines of the fib tools to fit as parabolical rejection and support channel paths yet still keeping the high and low touch points the same as plotted in the chart we can see the fib tools can not only show support and rejection levels but also harmonic patterns when adjusted as described in the beginning. Fil, bumpy road but generally bullish since the start of the march-april cycle.
FILUSD GEMINI to break wedge in next 24 hours. Leaning BULLISHLooking for FILUSD to break WEDGE pattern formed by lower highs and higher lows over next 24 hours. Leaning bullish because it's riding high in the Keltner channel. Just LEANING bullish.
GEMINI:FILUSD
FILE (FIL) Testing Support: Price Prediction - 250% - 500% ROI Thanks again Aqua Hydro Man!
We are looking for a 4H environment to shift bullish before we get into a trade but its pretty much ready for a solid pump
FILECOIN Classic Bull Flag Pennant. Ready to Run with the Bulls?After a recent run-up, filecoin is exhibiting a near perfect bull flag pennant. Set your stop loss at previous support and wait for this baby to break resistance. Hopefully this will give you a nice 1:5 run.
Why did the trader cross the road..... to get to the other line
Why do short-sell traders make crappy house builders. Because they always want to breakthrough support
FIL needs to hold over this week's psychological highNot financial advise, just some projetions, DYOR.
I projected a more smooth movement upwards to the 180ihs area, instead it went pretty strong a couple of hours ago reaching my first target.
I closed 70% of my position already and now I'm looking for a retrace to add a bit more before it gets to higher grounds.
I expect it to try and find some support at the 185 area, around there I'll be taking profits.
FIL/USD - New trade today, buying levels - Apr 14, 2021Very bullish momentum in the last 4h for the pair, I am awaiting a pullback to around 172.11 to enter a trade with the following parameters:
Entry: 172.112591
TP: 190.342435
SL: 166.038563
risk/reward: 3
Disclaimer: I am not a professional trader.
Filecoin to 236?This is the type of analysis I prefer since it has low risk with high profit margins.
We can see how the price retraced to the 0.618 Fibonacci level creating a magic triangle. If the price manages to break out of the 50 MA, there could be strong upward pressure. Remember to leave a like!
Same Set up as previous FILWait to get out of the accumulation and do it hunni. Better set ups higher but looking for the deja vu for the sake of it
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.
