Adam/Eve Pattern $FIL Fil is set to boom according to my analysis, it is currently forming an adam/eve pattern. Targets are as outlined.
FILUSD.P trade ideas
Filecoin Exiting Consolidation - at least 600% gain in 2024!Filecoin just closed within the weekly cloud which signals an E2E trade entry. The conservative cloud target is $36, but could also hit the $63 area this year if it goes up fast.
Price is currently consolidating within a multi-year symmetrical triangle, which I anticpate will soon come to an end. Upon breakout the measured move, based upon the fibonacci extension, would be about $16.
Filecoin's Resurgence: How Solana's Validation Propels GrowthFilecoin ( CRYPTOCAP:FIL ) emerges as a standout player, showcasing resilience and innovation amidst fierce competition. The recent surge in Filecoin's ( CRYPTOCAP:FIL ) price, catalyzed by Solana's founder Anatoly Yakovenko's validation, underscores the protocol's potential to redefine the decentralized cloud storage space. As Filecoin ( CRYPTOCAP:FIL ) charts a path of integration with leading blockchain networks like Ethereum and Solana, it sets the stage for a compelling narrative of growth and collaboration.
The Solana Boost:
Filecoin's ( CRYPTOCAP:FIL ) ascent to prominence gains further momentum with a resounding validation from Anatoly Yakovenko, co-founder of the Solana protocol. Yakovenko's acknowledgment of Filecoin's ( CRYPTOCAP:FIL ) foundational influence on Solana's archiver design not only validates Filecoin's technological prowess but also highlights its pivotal role in shaping innovations across diverse blockchain ecosystems. The 16% jump in Filecoin's ( CRYPTOCAP:FIL ) price reflects investor optimism fueled by this recognition, signaling a renewed interest in the protocol's potential.
Integration and Collaboration:
Filecoin's ( CRYPTOCAP:FIL ) strategic integration with Solana marks a significant milestone in its quest for interoperability and accessibility. By leveraging Solana's high-performance blockchain infrastructure, Filecoin ( CRYPTOCAP:FIL ) expands its reach and enhances the efficiency of its decentralized storage services. Moreover, Filecoin's compatibility with the Ethereum Virtual Machine (EVM) through the Filecoin ( CRYPTOCAP:FIL ) Virtual Machine (FVM) underscores its commitment to fostering cross-chain compatibility and enabling seamless interaction with the Ethereum ecosystem. This concerted effort to bridge gaps between disparate blockchain networks positions Filecoin ( CRYPTOCAP:FIL ) as a versatile and adaptable protocol poised for sustained growth.
Niche Market Domination:
Filecoin's ( CRYPTOCAP:FIL ) unique value proposition lies in its ability to address the growing demand for decentralized cloud storage solutions. Unlike its counterparts, Filecoin ( CRYPTOCAP:FIL ) offers a robust and censorship-resistant platform for storing and retrieving data, catering to a wide range of use cases spanning from archival storage to content delivery networks. The protocol's emphasis on security, scalability, and decentralization resonates with users seeking reliable and cost-effective alternatives to traditional cloud storage providers. As Filecoin ( CRYPTOCAP:FIL ) continues to carve out its niche in the market, its ongoing rally signifies a growing recognition of its intrinsic value and utility.
Future Outlook:
While Filecoin ( CRYPTOCAP:FIL ) remains below its all-time high, the current rally serves as a harbinger of the protocol's potential to reclaim its position as a frontrunner in the decentralized storage landscape. With a slew of strategic partnerships, technological advancements, and community-driven initiatives in the pipeline, Filecoin ( CRYPTOCAP:FIL ) is poised to capitalize on emerging opportunities and overcome existing challenges. As blockchain adoption proliferates and decentralized storage gains mainstream acceptance, Filecoin ( CRYPTOCAP:FIL ) stands at the forefront of innovation, poised to reshape the future of cloud storage.
Conclusion:
As Filecoin ( CRYPTOCAP:FIL ) continues to push the boundaries of decentralized storage, its journey towards mainstream adoption gains momentum, driven by a shared vision of a more equitable and resilient digital infrastructure. With each milestone achieved and each partnership forged, Filecoin ( CRYPTOCAP:FIL ) reaffirms its position as a trailblazer in the decentralized storage revolution, poised to unlock new possibilities and redefine the paradigm of data storage and accessibility.
FILUSD Just flashed the strongest long-term bullish signal!Filecoin (FILUSD) closed last week's 1W candle above the 1W MA100 (green trend-line) for the first time since the January 10 2022 1W candle! That alone is a major long-term bullish signal that validates the transition to the Bull Cycle. A further closing above the Lower Highs trend-line, would confirm the bullish break-out signal without any additional hurdles in front of it.
This basically resembles the February 10 2020 candle of the previous Cycle that closed above the 1W MA100. As you can see, it failed to close immediately above the Lower Highs and as a result pulled-back to the historic Support Zone (red) before starting the sustainable Parabolic Rally (of course that was during the March 2020 COVID market crash). A Bullish Cross between the 1W MA50 (blue trend-line) and 1W MA100 took place. That's something we are still missing on the current Cycle but estimates show we can get one by the end of April - beginning of May.
As a result, we are prepared to buy if the price breaks and closes above the Lower Highs trend-line and target the bottom of the Symmetrical Resistance Zone at 23.000. If rejected, expect a pull-back near the 1W MA50 and then start of the Parabolic Rally to test the 126.000 All Time High.
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FIL Price Breakout Run Eyes $1218% Price Surge: Filecoin's price has witnessed an 18% jump, successfully breaking past the $7.50 barrier, showcasing significant bullish momentum.
Integration with Solana: Filecoin's successful integration with the Solana ecosystem marks a pivotal development, potentially enhancing FIL's utility and appeal.
$12 Price Target: Given the current bullish trend and potential breakout patterns, FIL's price trajectory is aiming towards the $12 mark, indicating a substantial upside potential.
Market Cap Standing: With a market cap of $3.84 Billion, Filecoin ranks as the 27th biggest crypto, highlighting its significant presence in the crypto market.
Trend Reversal Indications: The double bottom reversal from the $5 mark signals a strong trend reversal, positioning FIL among the top performers in the current market momentum.
Rounding Bottom Pattern: FIL's current price action forms a rounding bottom pattern with a neckline at $7.56, suggesting an imminent breakout possibility.
Surge in Trading Volume: A 222% increase in trading volume underscores the strong buying interest and market support for FIL's uptrend.
Boost from Solana Integration: The integration with Solana has positively influenced market sentiments, turning it into a significant "Buy-the-news" event for Filecoin.
Current Trading Price: FIL is trading at $7.51, with a 1.47% intraday move, indicating that there's additional momentum left for further gains.
Fibonacci Levels: FIL trading above the 78.60% Fibonacci level supports the bullish continuation, with the $7.56 neckline breakout poised to target higher levels.
Solana and Filecoin Pioneer Decentralized Blockchain SolutionsTwo giants, Solana and Filecoin ( CRYPTOCAP:FIL ), have joined hands in a groundbreaking collaboration aimed at revolutionizing decentralized storage solutions. Solana ( CRYPTOCAP:SOL ), known for its lightning-fast transactions and scalability, has integrated Filecoin's decentralized storage capabilities to enhance the reliability and security of its blockchain network. Filecoin's native Token ( CRYPTOCAP:FIL ) immediately responded to the collaboration by surging with about 5% on Saturday Morning
The integration of Filecoin ( CRYPTOCAP:FIL ) marks a significant departure from traditional centralized storage solutions, as Solana embraces the decentralized ethos inherent in blockchain technology. By leveraging Filecoin's ( CRYPTOCAP:FIL ) robust infrastructure, Solana aims to make its block history more accessible and usable for a wide range of stakeholders, including infrastructure providers, explorers, indexers, and developers.
One of the key benefits of this partnership is the enhanced scalability of the Solana network. With Filecoin's ( CRYPTOCAP:FIL ) decentralized storage solutions, Solana ( CRYPTOCAP:SOL ) can achieve greater data redundancy and scalability, ensuring that the network can handle growing demands without sacrificing performance or security. This scalability is essential for accommodating the increasing volume of transactions and applications built on the Solana blockchain.
Moreover, the collaboration between Solana and Filecoin ( CRYPTOCAP:FIL ) underscores the power of blockchain networks to create more resilient ecosystems for users and developers alike. By combining their strengths, Solana and Filecoin ( CRYPTOCAP:FIL ) are paving the way for a future where decentralized technologies play a central role in shaping the digital landscape.
The announcement of Solana's integration with Filecoin ( CRYPTOCAP:FIL ) has been met with enthusiasm from the blockchain community, with many recognizing the potential for this partnership to drive innovation and adoption in the space. Solana's decision to utilize Filecoin's solutions for decentralized block history storage demonstrates a commitment to improving the scalability and security of its network while maintaining decentralization principles.
Looking ahead, the collaboration between Solana and Filecoin ( CRYPTOCAP:FIL ) is poised to usher in a new era of decentralized blockchain solutions, where scalability, security, and accessibility are paramount. As blockchain technology continues to evolve, partnerships like this serve as a testament to the potential for collaboration to drive meaningful change in the industry.
In conclusion, Solana and Filecoin's ( CRYPTOCAP:FIL ) alliance represents a significant milestone in the journey towards decentralized blockchain solutions. By leveraging each other's strengths, these two projects are leading the way towards a future where blockchain technology empowers users and developers with unprecedented levels of scalability, security, and accessibility.
FILECOIN - confirmed Momentum UP on 4HR - Maybe 70-100% profitNot the greatest chart, more of a swing trade over then next two weeks. Not a homerun trade but could be solid 70% profit in short term.
Filecoin Is About To Pump Beyond Your Wildest Imagination!Filecoin arguably has the single most bullish chart in all of crypto and I will explain why!
On this weekly chart, we can observe a clear breakout and retest of the long-term resistance trend. Not only have we had a breakout and retest, but the price level to break, around $7, has confluence with the most important technical levels, namely:
1. The 0.236 fibonacci retracement level;
2. A crucial horizontal resistance level;
3. The 100 weekly moving average;
Furthermore, price has currently found support on;
1. The weekly 8 EMA;
2. Long-term resistance that has turned support (this resistance-to-support flip is almost 3 YEARS OLD, which is incredibly significant);
3. A previous important horizontal resistance that has turned support (black dashed line).
Furthermore, the BINANCE:FILBTC chart shows a similar structure. TSX:FIL has also broken out of its longterm downtrend against CRYPTOCAP:BTC , so there is confluence between the COINBASE:FILUSD and the BINANCE:FILBTC chart, which adds even more significance to this incredibly bullish #crypto chart, possible the most bullish chart of a large cap #DePIN #cryptocurrency that has not pumped yet.
If #filecoin manages to break the $7 resistance level, I can see it propel to around $16, which is where the 200 weekly moving average sits at, within several days, possible within a few hours.
This also means your time to accumulate filecoin below $7 is running out. In fact, I would not be surprised if filecoin breaks $7 today and leaves all the doubters and hesitating weak-hand plebs behind!
Please note $16 is a minor initial target. Filecoin could easily run all the way to $26 and beyond within a few days of breaking out, which could happen at any moment.
Filecoin: the most underrated DePIN cryptocurrencyFilecoin: the most underrated DePIN cryptocurrency.
DePIN = Decentralized Physical Infrastructure Networks.
Filecoin is a storage DePIN.
Storage is crucial for not just AI data storage, but for data storage in general, especially as the world is becoming increasingly digitized.
Filecoin is the best positioned storage DePIN project for the upcoming bull market.
It has liquidity, trust, and a real world-use case.
Besides, it's down 98% from its all-time-high.
I believe Filecoin will rise beyond everyone's wildest imaginations.
I expect Filecoin to reach the $20-$30 target before the end of Q1 2024. After a correction, it will slowly rise to a new all-time-high, probably some time in late 2024 or early 2025.
Break out on FIL Descending Wedge Pattern Hits Support - Possible Break out
Estimate 10% To the Bull
FILUSDGood part of the day, TW community. That's my first insight of cryptocurrency for 2024. As I suppose, the first week of FILUSD would be closed or the wick could go to 6.6$ in the meantime gaining about 12% in a day. According to already formed falling wedge, it's highly probable to see it. By the way, do your own research. Good luck in trades, buddy.
Godzilla Crash For Filecoint Shitcoin Number 1Godzilla Crash For Filecoint Shitcoin Number 1
I warned you but you didn't listen.
You were smug and told me I am fool because it wnet up $1.
Now the time for reckoning has come!!
$FILUSDFibonacci targets listed for a wave 3.
Trade accordingly and use proper risk management parameters.
Filecoin: Rejected 3 Times In A Row and U R Bullish? LOLFilecoin: Rejected 3 Times In A Row and U R Bullish? LOL
Speaks volumes!!
Filecoin ($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.
