FILUSD Looking to breakoutFIL is currently in a bullish pennant. We might be at the end of the pennant OR the price is going to show us a new pattern soon. Bullish divergence on the RSI; price is showing higher lows while the RSI is showing lower lows. My target is $70ish if this pattern breaks upwards. Right now i'm not in this trade; not until the price indicates where it really wants to go. As always, DYOR.
FILUSD.P trade ideas
FIL: Consolidation | What's Next?After Filecoin's massive pump (long overdue), we finally broke out from the $20 range and tapped the low $50's. Currently we're consolidating around $40. Let's see if there will be a move soon out of this consolidation zone. I believe we are still in the early stages of growth for Filecoin.
Great tradeTRIANGLE,wolves🔥
Symmetrical triangle on FILUSD.
Previous Bullish trend was broken and now the price is in consolidation.
According to Elliott Waves theory all the waves are done so now the price is heading to breakout point.
Keep following the chart and look for breakout.
Keep following the chart and look for breakout, it should become soon.
If you enjoy my FREE Technical Analysis , support the idea with a big LIKE👍 and don't forget to SUBSCRIBE my channel, you won't miss anything!
Feel free to leave comments✉️
Filecoin breaks key levelFilecoin just broke a key level, and has strong upside potential. I expected this to take more time and because of the speed we could see increased volatility. Entry for this coin could be good if we retest the key level and it holds solid.
If you find my ideas and analysis useful please hit the like button, or check out my Kofi page ko-fi.com and feel free to donate me a coffee.
This is not financial advice
Filecoin Looking to Breakout of BaseFilecoin hasn't moved yet this crypto bull cycle and is due. It's built a nice base since December last year, and it has a small $1.2B market cap giving it a lot of room to move up once it breaks out. This is a "buy when it's quiet, sell when it's loud" play. Buy now when nobody has noticed it yet and sell it when it gets attention and doubles or triples. If you believe in the coin you might hold it for price discovery if/when it gets over $100... who knows it might be another 10x crypto. I don't know much about it fundamentally, but I notice it has high developer growth according to this recent study (see page 49):
www.slideshare.net
This is not investment advice, I'm not a financial adviser. This is just some of what I'm thinking about for my own positions.
FIL Made it to the Moon!Good volume breakout and trend reversal identifications got fil all the way to the moon. I drew him on there😁 Given the lack of resistances above this price, I cannot truly do technical analysis any longer. I may follow up with some Elliott Wave in combination with RSI if price continues to rise! (If your wondering, fil is an amazing astronaut and is thoroughly enjoying his time on the moon.)
Filecoin is ready! Question is when?One area that blockchain is definitely useful and needed is storage space. Filecoin is a great project and is supported by all major exchanges and has really strong technological fundamentals. It is very slow and not much to do technical analysis. But I like the chart setup and think it can go up anytime considering all big investors like Grayscale, Winklevoss brothers are buying this and actively promoting it in their Twitter account.
Not financial advice. Do your own research
Close to Breaking out UpdateThe RSI has never stayed above the 50 for more than one day.. If we can successfully get the line above and stay above we will officially be in a bull market for FILUSD.. The line of resistance was drawn out on the 5 Day and what you're seeing in the chart on the 1 Day, which is still valid since you're allowed to go with smaller timeframes than what you drew out the resistance from. Please like and follow if you found this helpful. Good Luck have fun.. And see you on Planet RSI50 Noombre de Dolla!! NOT financial advice but I do believe quality advice.
3D chart resistance line was drawn which is still valid on STF3 day resistance line is on the brink of breakout!! If we can successfully break then we should be able to secure a nice sum of profit! Keep a tight stop loss and take profits along the way! Good Luck and Have fun!! Let's GOOOO... PS.. This is not financial advice :)