FILUSD.P trade ideas
Filecoin Maintaining The Bullish streak Similar to Bitcoin's trajectory, Filecoin has settled into a sideways movement after its sharp rise. Presently, the asset is navigating within a horizontal range, with support at $3.72 and resistance at $3.97. It's also important to consider the sellers' psychological barrier at $4.
The dominant projection is a continued rise. Beyond current resistance lies a target of $4.13, which may likely be the next high if the upward trend remains intact.
Should Bitcoin face a downturn, it might pull the FIL price toward the support area of $3.52-$3.63, and potentially to the levels of $3.44 and $3.36. As long as BTC maintains a position above $30,000, all altcoins, FIL included, appear set on updating their annual highs. On the Filecoin chart, this peak represents a 280% increase from its present price.
FILUSD - inverted head and shouldersHi traders
Let's have a look at Filecoin on 1D time frame.
Filecoin doesn't look bad now.
The price has been creating the inverted head and shoulders pattern.
We can also observe a regular bullish divergence.
If Bitcoin continues going sideways , Filecoin will have a chance to go up in the short-term.
Target from the inverted head and shoulders pattern: 3,88 -4 $
Good luck
Confirmed Wedge Breakout on FIL/USDT - Targets to ATH ~$125 Analysis 📈
FIL/USDT has been trading within a wedge pattern for some time, and it's just confirmed a breakout, indicating significant potential for gains. Here's a comprehensive analysis, along with potential take profit levels.
Technical Analysis 📊
1. Take Profit at $6:
The $6 level marks a key psychological resistance point. It's a good place to secure some profits as FIL/USDT continues to climb.
2. Take Profit at $10:
A common technical resistance point, $10 should be another milestone to consider locking in gains.
3. Take Profit at $15:
At $15, you're looking at a solid gain, and it might be wise to take some profits off the table here.
4. Swing Target at $22 (Golden Mean Ratio):
The Golden Mean Ratio, often a significant level in Fibonacci analysis, suggests a target of $22 for the first major impulse. This is a potential turning point.
5. Take Profit at $41 (78.6% Retracement Level):
The $41 level represents a 78.6% retracement, and many traders consider this level for profit-taking or reevaluation of their positions.
6. Take Profit at $60 (88.6% Retracement):
The $60 level is another critical retracement point and should be a focus for profit-taking.
7. All-Time Highs at $125:
This is the primary target - a return to all-time highs. A substantial resistance level, but if FIL/USDT can break through, it opens up the path to further gains.
8. Major 1.272 Fib Extension at ~$200-$230:
This is where the potential for significant long-term gains lies. A sustained move above $125 could lead to a run-up towards the 1.272 Fibonacci extension, estimated to be in the range of $200-$230.
Conclusion 🚀
FIL/USDT has confirmed a wedge breakout, and the path ahead appears promising. Consider taking profits at the mentioned levels, but also keep a close eye on the price action and adjust your strategy as the market evolves.
Remember, cryptocurrency markets can be highly volatile, so make sure to set stop-loss orders and only invest what you can afford to lose. Always do your research and consider risk management in your trading strategy.
Keep a close watch on FIL/USDT as it attempts to breach the $125 level and aim for those ambitious long-term targets. Happy trading!
This is not financial advice; always perform your analysis and consult with a financial advisor before making trading decisions.
FILUSD working on a potential inverse head & shoulders breakout.First candle above the neckline is rarely the candle that confirms the breakout, but if we can get the current candle to close above the neckline as well as 1-4 more candles the probability of a breakout increases quite a bit with each additional candle close. For now w are still working on even getting our first candle close above the neckline but it does look promising. *not financial advice*
Entered LONG with tight SLEveryone has been pointing baout the LTF Reverse H&S pattern possibly forming, but do you see the rest of these HTF patterns? Bottom of possible triangle, triple bottom on support, adam and eve structure. Now the real sauce is when you flip over the the BTC chart seen below. It is grinding to the macro resistance diagonal. I think long here even with the market narrative. Either way, BIG MOVE coming soon.
Filcoin looking good hereRR so small. It is good to start entering filecoin here. Upside potential is enormous in the coming bull run. I will start adding here like 70% of my total purchase. If it goes down to 2.5 I buy the last 30%. First target, x10.
Filecoin lagging behind Bitcoin and rest of the cryptocurrenciesPer request, we want to take a look at Filecoin. This cryptocurrency has been around for a few years, and the first thing that stands out to us is that its value is down more than 98% since its peak in 2021. Another thing that caught our attention is the relatively lower daily volume since the start of summer compared to the period in the first six months of 2023. Currently, Filecoin trades near $3.40, with technical indicators like MACD, Stochastic, and RSI pointing to the upside on the daily time frame, with MACD attempting to enter a bullish zone above the midpoint. We saw similar developments shortly before the recent jump in the price of Bitcoin. Therefore, it might be worth watching out for a breakout in MACD as it can bolster a bullish case in the short term. However, we think that beyond the short term, Filecoin will be exposed to the pressure of growing Bitcoin’s dominance, likely putting a lid on its price.
Illustration 1.01
Illustration 1.01 shows the daily chart of Filecoin in USD and simple support/resistance levels.
Technical analysis gauge
Daily time frame = Slightly bullish
Weekly time frame = Neutral
*The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
[C-015] FilecoinTrading idea number C-015 | Filecoin may rise to to 4 USD area.
The RSI is below its neutrality area at 50 but shows a bullish divergence from prices. We find steady-state support in the psychological $3 area with a pivot point between $3.40/3.50 above which a bullish target on the $4
📈 Long Entry at 3.2
💰 Take Profit at 4
💸 Stop Loss at 2.95
Will the Filecoin exchange rate start soon? FIL/USDFor me, I really like this setup on the FIL chart. I think we should see a price action within a few days, just like the OG I shared earlier.
We can see divergences on both the FIL/USD and FIL/BTC charts.
With a huge space up. And FIL has been very oversold for quite some time now.
In addition, new partners appeared, to which the exchange rate has not yet reacted.
This trading is not investment advice. Weigh your options. Do your research on this.
I think it's a good setup. And this is an unmissable opportunity.
Which can spoil things if bitcoin suddenly goes down. (But now, in the short term, I think that the price movement of bitcoin will allow the price action to go up.)
I see the exchange rate as a time bomb that is about to explode.
We'll see.
Be careful
Filecoin: Descending Channel TrendingLook for some good prices for FIL in the upcoming days/weeks as the price trends in this downward channel. Be on the watch for a liquidity grab along upper trend resistance before another sell off. Or we may just have a direct sell off back down to the 1.618 Fibonacci retracement level. This will be a good area to scoop up some bargain basement cheap Filecoin. That's what I'll be doing in any case.
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I've been a full-time cryptocurrency swing trader and investor since 2017. My technical analysis is based on a combination of Wyckoff, VSA, EWT & Fibonacci ratios. I never shill and only chart crypto assets I invest my own money in. My success over the years has allowed me to do this full-time. You are welcome to piggy-back my strategies at your own risk.
**Not a financial advisor. Always DYOR and trade at your own risk.
FILUSD where to buyHi Traders
We were bullish on Filecoin but now as the sentiment has changed, we see a potential drop looming in the shadow.
If it happens, we expect Filecoin to retest the bottom one more time.
We will be buyin Filecoin between 2,40$ and 2,80$.
If previous all time low is taken, then we would expect Filecoin to drop even lower, however now we don't expect it (not yet).
Buying at the green zone may be a great entry for a swing trade.
Exit would be around 9,40$
Make a note that it's a mid-term or even long-term idea and reaching 9$ may take even a year if we get a prolonged accumulation period.
Good luck
✴️ Filecoin Reversal Signal Goes Live (Bullish)We have a strong reversal signal in a the form of a candlestick, it came out yesterday.
This is a short-term signal of course but coupled with the bigger picture, it tells us that Filecoin is preparing to move higher.
The drawing was already present on this chart when I opened it up and yes, I shared this setup 21-July.
We have a Cup & Handle pattern with a higher low.
There can be additional consolidation, there can be retraces, shakeouts and so on, but looking at the bigger picture Filecoin is pointing up.
Namaste.
FILUSD (4h time frame analysis)FILUSD had a nice run and hit 5$. Now we see a correction on the lower timeframes before further continuation to the upside.
Overall the direction is north.
Buy at the buy zone and sell in the target 1 and target 2 zones visualized on the chart.
Mid-term we should see higher prices but we also expect a correction after reaching 6,30 $
Good luck
FIL in the purchase zone !!!Global and Local purchase zones almost coincided green 4.315-1.187
Purchase level 2.341 (was)
The price of the orange volume is 4.381
Who is not on the train, before the last car departs.
Draw a Yellow figure!
Beauty. Already got high.
Just like in a hamster book :)))
FILUSDT - Is a H&S busy forming? hmmmExcited for a new week! Found a potential setup - set your alarms and DO NOT ignore it - had a APTUSD alarm go off, was busy driving and couldn't set trade - missed a text book setup.
Alrighty: setup for FILUSD:
1. Set alarm at $5
2. Wait for break (with volume) - if the 4H candle closes, set below params:
LONG: $5
S/L 4.5
T/P 6.8
R/R 4.27
Wishing you all a lovely week ahead! Stay tuned for a busy week!!
✴️ Filecoin Higher Low, C&H = Higher High, Bullish WaveWe have a Cup & Handle recovery pattern after a long-term higher low.
Filecoin is now green above EMA50 after breaking a major downtrend and more than ready to move up.
This will be one of the Altcoins to produce big gains in the coming days.
Something like Litecoin, Compound, ChainLink, etc.
A strong bullish breakout in the two digits, just for a change.
This is what I see coming.
This will lead to a higher high compared to February's peak price.
Should be nice.
✔️ Everything grows.
✔️ Patience is key.
✔️ Play smart.
✔️ Earn big.
✔️ Stay safe.
Namaste.
FILUSD - Bullish ReversalFILUSD is changing Trend from Bearish to Bullish in 1 hour TF. There will be a series of HH and HL (in 1 Hour Time Frame).
FILUSD testing the 1day MA200FILUSD / Filecoin hit the 1day MA200 today for the first time since June 3rd but hasn't closed a candle over it since May 5th.
Buy if it closes over it (also the Fibonacci 0.5 level is there) and target Resistance A (5.7000).
If not, wait for a pull bakc near the 1day MA50 and the 0.382 Fibonacci and target again 5.7000.
Follow us, like the idea and leave a comment below!!
FILE Breakout up: tp 7.60-9$, maybe 12$Looks like File just broke out for 2023 descend.
we maybe forming eve, adam formation
You can see previously fil is very volatile in up trajectories.
It is better to get in early else risk of burn.
Take profits for now, long hold is not yet in play as we are still in bear,
✴️ Filecoin | Full Analysis (Long-Term)I am doing the bigger Altcoins first to later proceed with the smaller ones.
These are all part of the Name Your Altcoin trade idea. Everything that I am publishing and will continue to publish was requested by you.
Filecoin.
This is a long-term chart, it starts in 2017.
Filecoin has been through one bullish wave or bull-market since it was made available for trading.
Hold on... This pattern here, looking closer, is calling for a bullish wave now:
We have higher lows and the lower trendline has been activated, the upper trendline is now the next target.
Going back to the bigger picture, the main chart above, FILUSD is back in a long-term consolidation phase. Soon it will enter a new bull market or long-term bullish wave.
Since the pair is trading within a long-term higher low, 2023-2022 higher than 2020-2018, we can expect a higher high on the next bull-market, which simply means a new All-Time High.
Next year we will be looking at the potential new ATH for all the Altcoins, it is just too early to go there... For now, we just focus on the accumulation phase.
Bottom line, this is another good pair.
The chart looks good and that's all we need to trade.
Namaste.
