FIL sideways then up?50SMA as support, possibly drawing another bull flag on the 4hr.
If so, buy target is $175
FILUSD.P trade ideas
FIL/USD Next Steps: A Short-Term perspective(1) After having an eye on FIL/USD for a little while and watching it spike by over 45% within a 24 hour period, I decided it was time to take a closer look and see about starting to establish some Price Structure in order to determine future entry points.
(2) Over the next few days (3/26-3/28), there seemed to to be a potential Support Structure being established around the $120 level.
(3) The last couple of days had been marked by lower volume and a convergence of the 50 and 200 day Simple Moving Averages, which culminated with the current spike up over $150 on 3/30.
(4)What I'm looking for now is a potential flag pattern establishing over the next couple days, leading to a (5) Support Structure and potential entry points around the $140 level with a price target closing on $160.
(6) If support is not established, I would be looking for a pullback closer to the $120-125 range before seeking entry points, with the $140 level creating potential resistance.
Naturally, I will be looking for confirmation of these ideas before any entries are actually made.
Any thoughts?
FIL Long // Target 175+ Hi all, apologies I'm quite bad at getting my charts through TV. Just wanted to throw this up on the FIL/USD CB Ideas section as its been barren here save for some insane short suggestions.
FIL's previous ATH was around the $250 level, we're moving towards that aggressively with short and decent corrections in-between. Honestly, don't trade this bad boy. Hold to at least $175-200 levels; see what the overall momentum looks like then.
Fundamentals:
I've read a lot of FUD around FIL not being encrypted. While technically true, the system FIL uses operates on a two-stage approach to data security that acts as an encryption method (Look up data shredding, etc.) It's also a pioneer techology, in that STORJ and others are coming after it. Think, BTC, BCH, etc. You've got your very own BTC in FIL in the fundamentals and status on the market. First movers and innovators tend to do better regardless of the "advantages" of its competitors.
Market cap is quite low with the current circulating supply, just keep an eye on potential unlocking of additional tokens.
In short, hold this boy. I have a VERY good feeling this is going to blow into the top ten CC's in a very short period of time.
Trade safe, DYOR and use stop losses. Not financial advise, y'all know the deal :)
If any of my tips make you money and you want to show appreciation, feel free to send ETH to my address! I'm a uni student supporting herself through crypto and stocks.
0x0008eb9764B45b7a7761eB747E1C6a5a55C9d6Ec
Fil (Filecoin) end of 5th bullish waveThe 5th wave have finished successfully! Now we expect the bear season to start, price will settle around 50$ to 60$.
FILUSD on coinbase hit all targets in just 12 days!COINBASE:FILUSD was an amazing deal despite the last red days. At 12 days it could hit all targets with over 120% profit. the deal is closed. congratulations!
breakout after long consolidation on daily chartfilecoin has given a trendline breakout after long consolidation.
after a big upmove again its is consolidating and making a kind of flag pattern.
buy above 47 target 63, 75, 89
Filecoin Expressing Relative StrengthWhile the rest of the crypto/token markets are pulling back and Bitcoin down about 18% from its highs, we're seeing Filecoin individually outperform in the segment and looking to breakout into a recent high. In a classic equities market I would usually be much quicker to take my profits as equities don't usually see this much appreciation (unless we're talking penny stocks and high growth categories like software). In this case Filecoin is in the category of frontier technologies and the markets have not quite figured out how to price all of this yet.
I think given the way the current broader market price action looks and the positioning of this technology, there is going to potentially be more trading upside. Now if the pullback on the rest of the crypto and Bitcoin markets become severe enough then that may be enough to pull down Filecoin with it. The trick for me here is to observe what tokens are individually performing against the rest of the market as this is signaling to perform further analysis on that specific token/company.
Taking a further step back and analyzing the macro, we also seeing the dollar starting to rally here as yields become more attractive. I think if this macro picture continues it's path, then we may even see broader volatility across a broad spectrum of asset classes.
Let's watch!
@EnterpriseGuy
Filecoin: Reaccumulation PhaseFilecoin looks like it's in a reaccumulation phase. The gift that keeps giving? Only time will tell. Here's a nice set-up for those interested in taking a position with Filecoin ( FIL /USD). I trade all these swings right alongside you; these are my actual positions. My entry point is always the current price. I am not a financial advisor. Join me at your own risk.
If you have strong hands, patience, and like big wins and big money, follow me. I track all the USD-paired cryptocurrencies on Coinbase Pro (and many others) and regularly seek out the most potentially lucrative swing trades. All my charts are clean, straightforward, and easy-to-follow. My technical analysis is based upon Wyckoff phase analysis, Elliott wave principle & Fibonacci extensions. If some of my sell zones seem conservative, it's only because I believe in exiting while still holding the fat money bags. The more intrepid traders can let the winners run a bit longer. Good luck and safe trading to all!
My wins so far for March 2021:
1. Filecoin: 31.92% in 14 days
2. Kyber Network: 12.09% in 7 days
3. Loom Network: 66% in 10 days
4. Ravencoin: 78.55% in 11 days
5. NMR: 19% in 2 days
Filecoin looking interesting with a fractal pattern repeatBig money seems to have some interest in this name today. With that fractal pattern repeat on this break possible, there is a solid risk conscious setup possible with at buy at 78.05 looking for a further break into ATHs.
FILUSD hit 2 targets in less than a week!As you can see FILUSD has achieved 2 targets till now as mentioned before with 86.34% profit. On 4hr chart, I can see the price undergoes #consolidation for #correction from level 2 while it represents 0.618 Fib. the correction will continue for more #accumulation till break out and confirming above #trendline to achieve the last target. I will update once the #price breaks out!.
Good luck #filecoin traders..!
FIL.. All our favorite wtf is this coin. However, nice oversell on rsi which last time we ranged here... You see. Picked up by grayscale and the fomo isn't over yet folks.
FIL Price Jumped Around 160% In Span Of 15 DaysIt is trading above 50 and 100 Moving Average on the daily chart. The 50MA red line is at the value of $40.54, making it temporary support for the coin. The price has given a positive crossover on FEB 25,2021. The price has also seen a positive rally after the crossover.FIL price jumped around 160% after the crossover
The recent rally in the Filecoin can also be termed as the effect of buying of FIl by the Gray scale and other institutional investor.If the buying continues then a rally upto $150 can be seen.
Kindly like and follow us
250$ FILECOIN - Grayscale Trust100$ immediate target will be touched and immediately and it can retrace back to $70. Adding it to grayscale trust can push it to $250. It is very bullish on charts with super strong fundamentals
