Filecoin: Rejected 3 Times In A Row and U R Bullish? LOLFilecoin: Rejected 3 Times In A Row and U R Bullish? LOL
Speaks volumes!!
FILUSD.P trade ideas
Filecoin ($FIL) Poised for a Breakout from Its Downtrend Body:
After a prolonged period within a descending channel, Filecoin ( TSX:FIL ) is showing signs that a breakout could be imminent on the weekly timeframe. The technicals on the chart suggest that TSX:FIL is nearing the apex of a consolidating pattern, characterized by lower highs and higher lows - a classic indication that a significant move is on the horizon.
As depicted in the chart, the price action has been compressing, which often precedes a breakout. Notably, the most recent candlesticks have begun to push against the upper boundary of the descending trendline, hinting at an increasing buying pressure.
The Fibonacci retracement levels, drawn from the previous swing high to low, indicate potential resistance zones. The price is currently testing a critical juncture near the 23.6% retracement level. A decisive close above this area could validate the bullish thesis, potentially leading to a rally towards the next Fibonacci levels at 38.2% and 50%.
Moreover, the volume profile shows thinning volume at higher levels, suggesting that a breakout could lead to a swift move due to the lack of overhead resistance.
Traders should watch for a weekly close above the trendline and increased volume as confirmatory signals. On the flip side, it's essential to consider that false breakouts are possible, and support levels should be observed to manage risk effectively.
In conclusion, while the downtrend has held TSX:FIL in check for an extended period, the current technical structure provides a compelling case for an upcoming trend reversal. As always, keep an eye on broader market sentiment and news flow, which can have significant impacts on price action
File coin File coin has broken through all the noise below support, if it can get a daily close above $8.00 and not settle into a double top, it has plenty of room to run.
Filecoin Crashing Hard – TOLD YOU SO!As I type this, filecoin is crashing hard and has formed a clear double top on the hourly chart.
I have been the only one warning you about thit shit show of a garbage shitcoin and now I can say: I TOLD YOU SO.
Filecoin: REJECTED AGAIN! 90% crash imminent?Filecoin: REJECTED AGAIN! 90% crash imminent?
Here are the reasons for why filecoin is a shitcoin that will drop to $0.10:
1. Despite an extremely bullish cryptocurrency market, filecoin price has remained extremely bearish. This is a huge red flag.
2. Price was $230 in 2021 but now barely $6, which means ppl selling more than buy.
3. Many ppl expect filecoin to pump, which is why it won't.
I expect 90% crash in near term!
FILUSDT-Long IdeaFILUSDT-Long Idea
In Bullish trend
Can give handsome gain considering mentioned SL in place
Filecoin rejected AGAIN - 80% crash imminentFilecoin rejected AGAIN - 80% crash imminent.
When a coin such extreme weakness in extreme bull market, it is very bad sign and it makes it much likelier that the coin will crash severely, ruining every bull in the process.
Filecoin is a great example of an extremely weak coin. It was $230 and now barely $5. Buying this coin make no sense, it's going to $1.
Filecoin ($FIL) Poised To Reach New Annual
Filecoin continues its upward trajectory, recently setting a local high at $6.2. However, to reach its annual high, FIL needs to appreciate an additional 75%.
Such a scenario is feasible if the upward trend continues, including in Bitcoin's performance. The immediate task for buyers is to consolidate the asset’s price above the resistance zones of $5.61-$5.94 and $6.2.
Should FIL’s correction deepen, the coin might drop to buyer zones at $4.83-$5.08, $4.18-$4.50, and $3.94. The depth of any further decline will also depend on the BTC trajectory.
Filecoin about to wake up...I'm paying attention, if we broke the down trend resistance, its go time for Filecoin!
Filecoin Fast Play- All in graphic
- Short time Trading with Price Action.
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Trading Parts
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Don't buy now !
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Method 1 : if Filecoin retrace
- Buy Around 3$
- Sell Before 6$
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Method 2 : if Filecoin Breakout
- Buy After 6$
- Sell Before 9$
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- Easy Right ?
- i repeat again : DO NOT BUY NOW.
Happy Tr4Ding !
FILECOIN (Crypto ) Sell TF H1 TP = 4.871On the H1 chart the trend started on Dec. 9 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 4.871
But we should not forget about SL = 5.441
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelieveInTrading
$FIL Breakout Looks like TSX:FIL wants to break out....It's broken out of the wedge and is slowing grinding up. First level of resistance is at $4.81, second level of resistance is at $5.02 and the third level of resistance falls exactly on the 0.786 FIB level. Could be a short squeeze as shorts out pace longs.....just a thought.
$FIL looks like it wants to break out! Any thoughts??TSX:FIL is about to break to the upside out of this triangle....It's hitting an area of resistance but if it can confirm a break up over $4.53, it's gonna fly to $4.78
Filecoin's (FIL) Uptrend Linked To Bitcoin's Rally Filecoin (FIL)
Filecoin has continued its rise that began in mid-May. Since October 19, the asset has appreciated by 80%, reaching a local high of $5.65.
At present, FIL is trading between the support zone of $4.46-$4.73 and the resistance of $5.33-$5.65. Continuing the upward trend is the favored scenario for the asset. The next levels of resistance are located at $6.0 and $6.3.
Should there be a deeper correction, FIL could fall to the $4.16 level, and may also retest the support range of $3.7-$4.0. The potential for a more substantial decline in the FIL price will be directly linked to Bitcoin's performance.
Bullish Adam and Eve Pattern on FIL/USD 1D time frameIf we see there is a change in trend from downtrend to sideways and there is a reversal pattern, Adam and Eve Pattern.
mid term target is 7.9 USD for FIL
Continuation Trend on FIL/USD H4 time frameIn the previous post I posted a bullish setup on the file in the daily time frame, moving slightly into a smaller time frame, there was a continuation pattern. suitable for buy or long
✴️ Filecoin | Beyond $6 Pretty Easy...I would like to call Filecoin (FILUSD) to your attention, we have a mixture of strong bullish signals coming up right now.
Let's dive straight in!
FILUSD closed above EMA50 with the highest volume daily since June.
We have a rounded bottom, a very strong reversal pattern.
A mid-term higher low is also in place.
Yesterday's session closed at the high of the day.
MACD & RSI are both bullish.
These chart signals are telling me that Filecoin can move really soon.
➖ $6 is an easy target.
➖ $4.5 possible fast.
More details on the chart.
Namaste.
FILUSDT"As we enter the bullish season, the initial target to aim for is
target : 68 🎯.
This is based on a combination of technical analysis indicators and market trends.
However, it's important to approach trading with caution and adapt to changing market
conditions.
Keep an eye on key support and resistance levels, as well as any significant news or events that may impact the market.
Remember to use proper risk management techniques and consider setting profit targets along the way.
Happy trading!"
Filecoin Maintaining The Bullish streak Similar to Bitcoin's trajectory, Filecoin has settled into a sideways movement after its sharp rise. Presently, the asset is navigating within a horizontal range, with support at $3.72 and resistance at $3.97. It's also important to consider the sellers' psychological barrier at $4.
The dominant projection is a continued rise. Beyond current resistance lies a target of $4.13, which may likely be the next high if the upward trend remains intact.
Should Bitcoin face a downturn, it might pull the FIL price toward the support area of $3.52-$3.63, and potentially to the levels of $3.44 and $3.36. As long as BTC maintains a position above $30,000, all altcoins, FIL included, appear set on updating their annual highs. On the Filecoin chart, this peak represents a 280% increase from its present price.
FILUSD - inverted head and shouldersHi traders
Let's have a look at Filecoin on 1D time frame.
Filecoin doesn't look bad now.
The price has been creating the inverted head and shoulders pattern.
We can also observe a regular bullish divergence.
If Bitcoin continues going sideways , Filecoin will have a chance to go up in the short-term.
Target from the inverted head and shoulders pattern: 3,88 -4 $
Good luck
