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,
FILUSD.P trade ideas
✴️ 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.
Filecoin TicToc- Everything is in chart
- i don't need to write a long story.
----------------------------------------------
- Buy Now.
- 5$ = Rebuy
- 3$ = All in
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- Sell 20$ ish
or
- Hodl for next Bullrun
----------------------------------------------
Your Decision!
Happy Tr4Ding !
✴️ Filecoin Support + Bullish Wave PotentialThere is always great interest for this Altcoin, so let's jump back in.
Right now FILUSD is trading above its November 2022 low/support which is an important level.
Any trading above this level is great and increase the potential for the next bullish wave.
If this level fails, FILUSD would still remain strong.
We have another support level based on December 2022 which would definitely hold and work to push prices up.
I am thinking that we start moving sooner rather than later but anything goes.
Just make sure to plan before buying and be prepared to hold, hold, hold!
Namaste.
FILUSD (1H) - Bullish breakoutHi Traders
FILUSD (1H Timeframe)
The market is in an uptrend, and we are waiting for an entry signal to go LONG above the 4.904 resistance level. Only the downward break of 4.758 would cancel the bullish scenario.
Trade details
Entry: 4.904
Stop loss: 4.758
Take profit 1: 4.993
Take profit 2: 5.130
Score: 8
Strategy: Bullish breakout
FILUSD TREND CONTINUATION PREDICTION - BEARISH FLAG PATTERNAVAUSD was making a series of LHs and LLs aligned with the concept of DOW THEORY and the RSI graph near the current price level is also consistent with the price point trend which shows no divergence. A bearish flag continuation pattern is also identified near the current price level further strengthening the case for a possible trend continuation.
My entry point for this trade is 4.19.
SL is set at 4.6 and my TP is set at 3.78.
To take advantage of this trend continuation, I have applied another trade but this time TP 2 is set at 3.37 which gives me a risk-to-reward ratio of 1:1.5 for my 2 trades.
OVERALL RISK: 2%
{
(TRADE 1 : 229.9 : approx USD 90 RISK),
(TRADE 2 : 229.9 : approx USD 90 RISK)
}
REWARD: 3%
{
(TRADE 1 : 229.9 : approx USD 90 REWARD),
(TRADE 2 : 229.9 : approx USD 180 REWARD)
}
Filecoin first target $25 then higher Filecoin did a textbook staga analysis pattern since the breakout in May 2020 and I expect Filecoin to finally start stage 2 of another cycle to the upside. There's tons of volume imbalances near the supply zones. Wait for Filecoin to break the Demark trendline to go long.
FILUSD (4H) - Bullish breakoutHi Traders
FILUSD (4H Timeframe)
The market is in an uptrend, and we are waiting for an entry signal to go LONG above the 6.24 resistance level. Only the downward break of 5.81 would cancel the bullish scenario.
Trade details
Entry: 6.24
Stop loss: 5.81
Take profit 1: 6.50
Take profit 2: 6.90
Score: 8
Strategy: Bullish breakout
FILUSD setting up for a strong 1:5 risk/reward tradeFILUSD pushed hard up and through its weekly 21 SMA and is consolidating high. This is textbook squeeze setup that has a high probability of reaching the 89 SMA 3X higher! The trade would be to buy under $8 with a stop under $4.16 and a target of $24
Filecoin (FIL) to $170 / 10xOn a recent update to the expected alt-token market dominance idea I alluded a number of alt-tokens can expect a 10x return in the next run. And no, Cardano is not one of them so don’t ask! (The number of messages received on that token, reminds me of the XRP or Chainlink cults).
On the above 5-day chart price action has corrected over 90% from almost exactly 1 year ago. A number of reasons now exist to be bullish, including:
1) The ‘incredible buy’ signal prints.
2) Regular bullish divergence. Lots of it. 11 Oscillators are currently printing positive divergence with price action.
3) Price action is on or almost on the 0.618 golden ratio. Were I to pettifog, it’s $15.85. However given the target, don’t try to time the market.
4) Price action is testing past resistance as support. Look left.
5) A regular bullish divergence is also visible on the 2-day BTC /FIL pair (below) following a break of RSI resistance.
It is possible price action falls further? Sure.
Is it probable? No.
Good luck!
WW
PS: Would you like another?
2-day BTC pair
#FILUSD - A Bumpy Ride Down with Multiple SR LevelsPrice is currently caught between multiple levels of support and resistance with #FILECOIN.
After a steady bull move up to around $8.5 we've received a sell signal from Crypto Tipster v2.
We could be seeing the price decline to $5.2 or even further.
What Do You Think?
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theCrypster
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FILUSD Inverse Head and Shoulders Trend ReversalThe presence of an inverse head and shoulders pattern on FILUSD indicates a potential bullish reversal in price, provided there is beneficial macroeconomic and FIL-ecosystem centric bullish sentiment.This pattern is notorious for being a bull trap and is often used to prey on over-leveraged longs.
FILUSD looks bullish againIn November 2022 we predicted that Filecoin will drop below 3 $:
Now, it's a time for an update and upside targets!
FILUSD looks pretty strong.
The price came back above the resistance which should be acting as a support now.
We may see a few days of consolidations above this key level (5$) which would be very bullish, however it would not be unexpected to see a rally continuation towards 8-9$. MACD indicator shows a positive momentum and it looks strong for bulls. Moreover, If the price breaks above this range, it can shoot up to 11 $ which would be our final target for this short-term trade.
Long-term the price may go much higher.
Good luck!
FILUSD on a Resistance. Huge liquidity zone below.FILECOIN - FILUSD crossed above the MA50 1W and hit Resistance A (9.52500). There is a huge Liquidity Zone, which offered Demand during the Jan/ Feb consolidation and Supply before the market bottomed out. As you see most of the volatility of the past 8 months is seen inside this zone.
With the Golden Cross 1D only 1 or 2 days ahead, such a pullback will be a great buy opportunity. Pullback or not, the Filecoin targets now Resistance B (11.3850) and Resistance C (16.000) within a 3 month horizon.
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