Filecoin way to 28-40$.Filcoin looking very interesting right now
Pumped from its all-time low (2.2-2.3)
$FIL got rejected from its historical resistance(9.7-11) thrice as mentioned above
Two possibilities
1. Bearish Shark Pattern
in this case, I expect $fil to break that resistance zone(9.7-11) directly and make a successful retest to move to (28-40)
2. Inverse Head And Shoulder
Or one more time get a rejection from resistance (9.7-11) and make Inverse Head $ Shoulder
In both cases, fil Projected target remains (28-40)
Dyor
NFA
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FILUSD.P trade ideas
Filecoin: Useless Coin of Fraudsters, Hucksters & Racketeers!FILECOIN:
A COIN OF FRAUDSTERS, HUCKSTERS & RACKETEERS!
Everything is PUMPING MASSIVELY while this FRAUD coin is still down 97% from its
all-time-high.
The Filecoin Foundation keeps dumping, preventing the coin from breaking out like everything else. If you "invested" in Filecoin expect to be used and taken advantage of by the Filecoin Foundation & Filecoin shillers like Arthur Hayes!
FIL, FILECOIN, IF YOU'RE LATE FOR LAUNCH, YOU'LL BE MEGA SAD.Holy rocketship.
Trends and price targets marked.
Trend 1 and 2 are fairly significant trends moving in the bullish direction, however they are rejection trends.
The third trend is a small downtrend, still significant but more likely to reflect the drop leading right to some massive support. Spartan 300 support line. It holds and rockets, or it dips way below.
Watch carefully because the price targets literally go up to $299 without much trouble.
That is a rare scenario and more likely, a $8 is likely.
Downside is marked.
Imo, if it dips below trend, you'll probably want to buy the dip.
This coin looked so bullish, I couldn't not share.
Good luck.
Hope you make some bank!!
FILUSDT: XABCD Harmonic Pattern Analysis - Bullish OpportunityOverview:
FILUSDT has recently completed the formation of an XABCD harmonic pattern, signaling a potential reversal in the price trend. This pattern has emerged at a key support area, suggesting a strong foundation for a bullish move.
Entry Point:
We recommend considering entry near 8.540. This level aligns with the completion of the harmonic pattern at point D, providing an opportune entry point for bullish positions.
Stop Loss:
To mitigate risk, a stop loss is advised near 8.1818. This level is strategically placed below the entry point to limit potential losses in the event of an adverse price movement.
Take Profit Targets:
1. TP-1: Our initial target for profit-taking is set at 8.9095. This level reflects a conservative projection of upward price movement following the completion of the harmonic pattern.
2. TP-2: The second target is positioned at 9.2655. This level represents a continuation of the bullish momentum, offering additional profit potential.
3. TP-3: A third target is identified at 9.6212. This target reflects further upside potential as the price trend gains momentum.
4. TP-4: The final target is set at 10.0000. This level signifies a significant milestone in the bullish trajectory, presenting an opportunity for substantial profit realization.
Conclusion:
Based on the XABCD harmonic pattern formation and the key support area, FILUSDT is poised for a bullish move with potential profit targets identified at various levels. Traders are advised to monitor price action closely and adhere to risk management strategies outlined in this analysis.
Filecoin strong reboundAfter a couple of days FIL was in a downtrend, the yellow channel. It's broke out and how there is some resistance, the orange drawings. After FIL breaks this resistance (orange) there will probably a retest before it can go (much) higher.
RSI is also lowered a lot, so there's room to go higher imo.
FIL and Rank Filecoin on the Weekly Timeframe:
FIL broke out of it's macro downtrend back in October.
It has broken the 20 and 50 Simple Moving Average
It currently has a candle open above the 100 Simple Moving Average
FIL could be a big mover in this bull market, without having to come close to ATH.
This could be a 15x or better to reach the .236 extension.
Not financial advice
Do your own DD
Novice here
Weekly setup FileCoin (moneyflow)On the weekly timeframe this has the best setup of almost any coin I’ve seen. Money flow and VWAP currently on a downtrend, but when it hits support in the next few weeks it will 2x very quickly. When the money flow flips to green it will do another 2x. Not finance advice.
FILUSD with a very confident green candle. The confidence the bulls are showing with the current green candle suggests this break upward can sustain itself long enough to validate the breakout. We have 3 at terns validating at once and giving us 3 measured move targets. 1st one at $8 2nd one around $9 and the 3rd and highest one at 13.135 *not financial advice*
Filecoin - Next Stop at $12Filecoin is moving upwards along with the entire cryptocurrency market. Not only that, but Filecoin has significantly outperformed many altcoins in recent days.
Is this the end of the rally? No, we do not believe so. Instead, we expect a soon-to-come surge to around $12. For a long entry, we will wait initially for the price to correct to approximately $7.08. This way, we optimize the risk-reward ratio for our trade. The hidden bullish divergence in the Accumulation Distribution indicator is very pronounced, indicating favorable chances for an imminent explosive surge.
FILECOIN - Massive Gains as Harmonic completesFilecoin is not a coin I would look at as a long term investment - as for most altcoins. However, we trade technicals strictly, and this coin has everything you would want it to have for a long position.
We are at the bottom of a range from 2018 lows where we sprung above a historical resistance after putting in a first low, completing the retest with a bullish bat and an adam and eve bottom, having bullish divergence on both indicators.
Filcoin is in our portfolio - not as a leveraged trade for now. Targets are set and a stop loss would be another low but we will monitor on lower timeframes to look for any bullish continuation or bearish developments.
FIL - next movesFil is now currently trying to build support on top of the 8.40ish-9.30ish critical support area. This is on top of the large accumulation area that it has faced for its market cycle bottom.
We hit a 1.618, and corrected down to a .786. Now I expect us to take a shot at the 4.236, which is around $20.00. I think that we get rejected there, face a small correction down to around 14 dollars - and then ultimately build support on top of the critical support/resistance around $17.40ish. Then from there we will likely go for the parabolic top.