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FILUSD trade ideas

FILE COIN, What happened?File coin unfortunately broke down out of its falling wedge. These patterns usually have a high chance to break up but bitcoins breakdown gave it a turn for the worst. Many of the alt setups I had ended up breaking down instead as well. We are sitting at major support right now but I think its next moves are going to depend on BTC. If we can hold I think we will get a relief bounce to 48 from here. If not, we will revist the high 20's or 30. Emotions are extremely negative right now and there isn't a really a setup I see since the move just happened.
BINANCE:FILUSD
by BTC-HONDA
4
Filecoin will rise.Nice set up. Super fundamentals, Grayscale just bought for another few millions. Fil has not been nice recently from the charts, while everybody goes for hype coins like NFT´s. The narrative hasn´t changed whatsoever and storage will always be a huge problem, also for gaming and nft blockhains ;) Anyway, I didn´t have the time to put in all my thoughts to this but I expect $FIL to break out to the up (and fake out to the downside just before to shake out all the margin trader). 3 RED LINES to show you the targets, last one at 81 USD. Enjoy the ride.
BITFINEX:FILUSDLong
by ttk100
5
Filecoin Breaking out - Storage set to recoverShort term price target - $90 Short term outlook - Bullish Long term outlook - Bullish Storage coins are finding support and strengthening. This is am amazing part of the blockchain world and will be the future of file storage. This format might not look exactly like what we see today, but Roam wasn't built in a day! I am bullish on blockchain file storage over the next month and longer term. I will keep on HODLING. However, this could be a nice entry point for someone looking to get exposure in to this space.
KRAKEN:FILUSDLong
by theRaggy
1