FILUSD.P trade ideas
FIL IF I WAS BEARISH I am not bearish on FIL coin but this is the best perspective I could come up with for why I might be bearish. The pattern is ok but it seems like we are neglecting the volume profile force this point of view. It would also imply we are about to go to 8 dollars which I just don't think is likely in the middle of a bull market. I am still very bullish and am not getting shaked out
FILECOIN - Where will Dr.Fil Go? 🎯100%+ POSSIBLE🎯Should be an easy play here on FIL we have a clear wedge forming with volume building. wait for either the breakout or the retest of bottom support and set you TP's accordingly.
Fundamentally FIL is a good prospect with real world use cases (though their fee structure could use some work to be competitive). They are a token held by greyscale.
Filecoin Breaking out - Storage set to recoverShort term price target - $90
Short term outlook - Bullish
Long term outlook - Bullish
Storage coins are finding support and strengthening. This is am amazing part of the blockchain world and will be the future of file storage.
This format might not look exactly like what we see today, but Roam wasn't built in a day!
I am bullish on blockchain file storage over the next month and longer term. I will keep on HODLING. However, this could be a nice entry point for someone looking to get exposure in to this space.
$FIL the Chinese BullHello cryptofolks
Filecoin looks bullish in all TF on MACD
Inverse H&S pattern created, retesting the neckline then goes up will be the confirmation
First resistance to beark will be at $70 then we will reach our target at $80
Filecoin is a sleeping giant that when wakes up will do big movements
-Goodluck
FIL - Filecoin just printed a Dragonfly Doji on 2week candle!Before reading, get rid of your moonboy mentality and no emotions for dips/corrections! Cannot rule bearish scenarios! Dips are for buying!!
People are so focused on the hourly/daily timeframe that they get emotional on every dip! Take a step back to the weekly/monthly timeframe and see why I'm so bullish now. Stop looking at the short term dips/rise. Short term is irrelevant for the move that is coming!
You can't be emotional in these markets (stocks, forex, crypto, real estate, etc.). You will lose this game following the news and doing what the majority does. News creates emotions. Everything you need to know are on the charts. News are manipulated by the elites, and they take advantage of our emotions. Stop listening the news and pay more attention to the charts. Don't follow the majority, because the majority will lose in the end! Also, don't buy the hype when everyone is buying.. instead buy the fear when everyone else is selling
Everything is on the chart! Cryptocurrencies are on the verge of exploding higher. Dips/Corrections are normal and needed in a bull market, and are buying opportunities! Huge gains opportunity in the coming months! Never trade blindly. Use multiple indicators to make calculated decisions. Trade with no emotions!
Facts
1. The last candle created a Dragonfly Doji, one of the bullish printed candles!
2. Stochastic RSI - Whenever we crossed bullish, FIL did a 11x-46x in the past! We just crossed again! Awaiting for the cross over the 20 level for confirmation!
3. RSI - Highly oversold on the weekly! Been following the trendline for 1.5 years!
4. Broke out from Pennant!
Target Buys and Sells - Please see chart. If we have a short term Flash Crash, we may hit $49 - $50!
Sell Levels: please see the chart!
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