FILUSD.P trade ideas
Filecoin: Spring and Backtest of Spring with Bullish EngulfingFilecoin is attempting to confirm a backtest of spring in the form of a Break-Hook and Go while Bullishly Engulfing and holding Above the 200 Day Simple Moving Average. If this holds up i think it will be able to rise to The Fibonacci Extensions of the 1.618 and if lucky, the 2.618
Filecoin Short-term TargetsQuick post - Filecoin broke out of a falling wedge on the daily and is headed towards the 200 day EMA and wedge breakout TP 1 if it can get and hold above the EMA.
Conditioned upon reaching the falling wedge breakout's TP 2 @ ~$10.70, which would take it above previous high of ~$9.75, that opens up the possibility for new targets for a double-bottom recovery.
Get and hold above 9.75 and we have a confirmed double-bottom targeting $14.58 and then approx $17.
Short-term chart here, but I've previously posted a much larger falling wedge breakout that happened quite some time ago but has been consolidating ever since. That possibility still exists should everything above occur and DXY doesn't turn back up shortening recoveries across markets. If conditions remain favorable, we could see a double-top on the HTF chart. See link to related idea below:
This fell further than expected and has consolidated further than expected, but is still possible given the considerations mentioned above:
FIL First MA200 InteractionFilecoin is having its first MA200 test since 2021. This is a massive test, as the amount of time between interactions is so large. Currently, it looks set to break through.
Long FILE coin, even if just for a quick scalpfile coin looking to good to no buy rn thinkinbg about opening a position here based simple on supply and demand. certainly an interesting play no?
FIL trying to break out with bull div Data needs to be decentralised for web 3
FIL is probably the best thing we have for that rn on top of IPFS
GRI 2023
#getrektnoobs
FIL retesting weekly resistanceProbably needs a retest down for a double bottom if this is a reversal. Easy invalidation on the short with the weekly close coming in a few days.
upper and lower bound. Would go long here Same deep learning algo, continuing to optimize. Should see slight improvement going forward.
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
Think it is Safe to Start AccumulatingWe see FIL in a macro falling wedge. We could see one more plunge to 3.50 zone but current price could be a decent place to start loading up. At some point FIL will have a large correction up and timing is everything.
INVERTED SCALE SHOWS UPSIDEPlease note that the inverted view certainly paints a different outlook and where we can really expect higher price movement. Oversold on all technicals as well.
Everyone is fearful the FEDs this week.
Lots of fear going around….
“Buy the fear, sell the news”
-W.Buffet
#fil #filecoin(my personal opinion)
It can be understood that the channel is completely valid from the collisions between the floor and the midline and the ceiling
It is +1078% up to the ceiling of the channel
The absolute future is web3
And the movement of big funds goes towards web3.
FIL rises in value to $4.38.Today's bullish Filecoin price analysis
$4.40 offers the greatest resistance.
FIL/USD support is indicated at $4.18.
According to Filecoin price research, the price of FIL/USD has been moving strongly upward during the past 24 hours. The cost has continued to rise dramatically and has come close to reaching the $4.18 level. The cryptocurrency appears to be moving upwards, but the market is moving in a favorable way. With a trading volume of $95,408,859, the price of FIL has increased by 3.63% during the past 24 hours as of today, November 29, 2022. Hence, having a live market capital of $1,433,268,246 and is ranked #31 in the cryptocurrency ranking.
Analysis of the 4-hour price of Filecoin: Recent developments
file coin Dailythere must be a sharp correction for 3.4 $ and a fast recovery . after that it seems we can expect a 3 month of correction in for 6.05 $ . i think this position will be triggered on 9 dec.
short position is not recommended . because there could a stop haunting for 5.2 $ even . you can only enter to the market on some specific dates .
FIL initial target of $16-$17I like Filecoin here and think it has some potential to quickly move up. I think an initial target of $16-$17 is definitely doable in the next few weeks
not trading advice
tg
FILUSD looks goodFILUSD is in a short-term uptrend.
If the price retest the support, it may be an opportunity to enter long position.
RSI still looks good for bulls therefore the price should increase more in a short term.
8 $ should be acting as a resistance so it´s the final target for this trade.
Good luck
Double Bottom just inside Weekly SupportExpecting at least $15-17 (1.5x measured target) if we cross $10
FIL broke the downtrend line!FIL broke the downtrend line and the previous high of 5.903, and the lightning flashed that FIL stepped back to 5.122 (0.382) support twice.
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Main target price:
6.350~6.385(1.382)
6.684
6.985
7.166
Long orders of FIL contracts can take profit at the target price, and the stop loss price can be set at 5.122 (0.382); the stop loss price with a higher R/R ratio can be set at 5.421 (0.618).
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The yellow rectangle below is the support area of FIL.
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Inverse HS on FILThis isn't a small break up from this inverse HS, this is a macro break of trend and can lead to a big move.
FIL, Come Down To Support Then Blast to $9, Then, $20Called this sell-off, support, and bounce perfectly so far. Let's sell-off into the weekend then we SOAR!
inverted hammertime for $FILfilecoin inverted hammer on the 3 month chart at previous demand zone; fibonacci targets above.
Filecoin FIL DecisionFil is at a crucial point right now. Make or Break.
Wait for a breakout in either direction for your long/short entry.
Weekly RSI pointing upwards, EMA's aligning.
