FileCoin $FILUSD rock bottom bounceLadies and gentlemen file coin is printing a reversal right now and is going to break out and rocket probably within the next few hours, if not sooner... Certainly before the next daily bar.
I'm all in on file coin. I've been watching this one since November and I've been waiting for this, right here, right now. We just bounced off a new 52 week low, with incredible chart history behind it, and incredible prices, and really good news out about the company right now, major adoption, and a pioneer to begin with.
Go pack your astronaut suitcase.
Swing traders, Degens, we're good for at least $4
Investors… I don't know how you guys do anything 🤷🏼♂️ but I think this is a good one.
As always, do your own research. This is not financial advice, I'm a pilot, not a broker - and I'm sorry, he's dead, Jim.
FILUSD trade ideas
Is Filecoin Dead? Is Filecoin Dead? 😵
The worlds first decentralized storage system that aims to “store humanity’s most important information.” Has seen a notable uptick of $237 as of 2021 but as of the time of writing, Filecoin is trading at $2.90.
After raising $205 million in an initial coin offering (ICO) in 2017, Filecoin was embraced by the public as the first decentralized storage platform but ever since the surge to an ATH (All time high) of $237, Filecoin drastically decreased in value losing about 90% of total value.
So is Filecoin dead? ☠️
The answer is a big NO. 😒
Filecoin is very much alive because it is open-source and decentralized, which means that all governance is in the hands of the community.
Which brings me to my recent post about community being the utility.
Filecoin understood the value and importance of the community that is why for over 7 years they have prioritized their community more than the token itself.
The only reason Filecoin isn’t performing well is the fact that the community have not realize Filecoin is governed by them ! 🤣
On the Filecoin platform, developers have the opportunity to create cloud file storage services like Dropbox or iCloud.
Anyone can join Filecoin and start storing their data or earn money by providing space for someone else's funds.
The creators of Filecoin opted for their blockchain technology to run the network and their token with their own consensus.
But then why do we need a decentralized storage system? 🤨
1️⃣ Data Ownership & Privacy: Unlike centralized storage, decentralized systems ensure you control your data. No big tech snooping or single-point failure risks! 🔒
2️⃣ Cost Efficiency: Decentralized networks use unused storage globally, making it cheaper and scalable compared to traditional providers. 💾
3️⃣ Resilience & Redundancy: With files spread across nodes worldwide, your data stays safe, even if some servers go down. 🌍
From the aforementioned points above, you will agree with me that Filecoin is here to stay with such intriguing and innovative features.
💎 We have always look forward to a project woven with utility, driven by the community. In my opinion until i change Filecoin offers both.
Technical outlook
As of the time of writing, the LSE:FIL coin is down 11%. This is, however, in tandem with the general crypto landscape. as we saw BTC dip to $91k and ETH to $2k. The general crypto landscape is in a bloodbath even as pro-crypto president Donald Trump is elected. For Filecoin, immediate support lies in the 1-month low; however, in the case of extreme selling pressure, the LSE:FIL coin might dip to as low as $2.114, a level that aligns with the 23.6% fib extension level. Similarly, if a trend reversal should occur, the pivot point lies in the 38.2% fib retracement tool. A breakout above that zone could result in a bullish run.
FILUSD Accumulation almost over. Next stop $19.00.Filecoin (FILUSD) has been consolidating around its 1W MA50 (blue trend-line) for the past 4 weeks and appears to be at the end of the Lower Highs pattern similar to the one in 2019/20.
Both patterns held FIL's historic Support Zone, printed identical 1W RSI Cup formations and the past pattern initiated a strong 1-year rally above the Symmetrical Resistance Zone once the Lower Highs broke. Essentially the Descending Triangle patterns are Accumulation Phases before the Bull Cycle's main rally.
As a result, even though one last test of the Support Zone is technically viable, the upside at this time is already considerably greater than the risk involved, so in our opinion it is worth going long and have a modest 1W MA200 (orange trend-line) Target at $19.00.
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Update on potential high profit bounces after recent $BTC dropFirst of all ladies and gentlemen, you'll hear me get upset about a computer bug that I thought was being recorded, but I should've just ignored, because the screen recording was confined to this window only… Just so you're not confused when you hear it, my contact card kept popping up on the screen and blocking out the video, at least for me. Moving on...
So if you've been watching, I've been tracking a lot of things that look like great short-term opportunities, being dragged down outside of strong up trends by the recent market-wide liquidation event. If you're fast, this massive sell off is actually a huge opportunity for a lot of different positions. In this video, I will update you on my criteria for buying in at these relative extreme lows.
In this video: CRYPTO:BTCUSD CRYPTO:FILUSD CRYPTO:SUKUUSD CRYPTO:SHPINGUSD CRYPTO:WUSD CRYPTO:LUNCUSD CRYPTO:ARBIUSD COINBASE:AVTUSD COINBASE:BATUSD CRYPTO:ENAUSD
Buy everything! Buy it now! Too many to list!Do it for your families do it for your future do it for your kids and your grandkids if you have anything put it in anything right now! COINBASE:BTCUSD COINBASE:BATUSD BINANCE:WUSD COINBASE:RAREUSD COINBASE:FILUSD COINBASE:SPELLUSD BINANCE:ENAUSD COINBASE:SUKUUSD I can't list them all!
$FILUSD File Coin - Explosive opportunity ahead 172%Ladies and gentlemen, this just caught my eye. It's one of my favorite types of patterns, incredibly reliable, and this one has so much upward potential and is actually an extremely great idea, decentralized cloud storage on a Blockchain, this is industry disrupting stuff, and I just learned that the entire Solana ledger is now stored on the File Coin network... Sounds like a pretty big deal.
Now might be a good time to buy around seven dollars, but it is just a wee bit too over bought for me, expanding up just a little too fast and I'm looking for a retracement to 6.25 before I dump everything and jump in. And I will, this one looks perfect from a chart standpoint to me. Got my finger on the trigger. $6.25 to potentially $17 is 172%
6.25 to $10 first test for pullback.
This is happening across a huge number of charts right now, this general pattern, they're all popping off one by one… No guarantee this will come back down to 6.25 but I need more confirmation before I jump in this high.
From ChatGPT:
Filecoin (FIL) has recently experienced several positive developments:
1. Industry Recognition
Fast Company's Next Big Thing in Tech: The Filecoin Network was honored in Fast Company's fourth annual "Next Big Things in Tech" list, highlighting its significant impact on decentralized artificial intelligence.
FILECOIN
2. Network Enhancements
NV24 Upgrade: The Filecoin network implemented the NV24 upgrade, introducing critical improvements in security, developer functionality, and economic stability.
FILECOIN
3. Strategic Collaborations
Solana Ledger Integration: In collaboration with Triton One and Dcent, the entire Solana ledger is now securely stored on the Filecoin Network, marking a significant step in cross-chain data storage solutions.
FILECOIN
4. Market Performance
Price Recovery: FIL has shown a 142% increase from its lowest point this year, trading at around $7. Analysts predict a potential surge to $30 in the ongoing bull run, indicating growing investor confidence.
INVEZZ
3 Altcoins Rejecting the $5 mark!Since you enjoyed my previous post about 3 Small Cap Crypto to watch...
Here's an interesting one about altcoins retesting the $5 round number:
BINANCE:FILUSDT
FIL broke the structure and $5 round number. As it retests the support, I will be looking for trend-following longs and target the $10 round number.
BINANCE:PENDLEUSDT
PENDLE broke the structure and $5 round number. As it retests the support and lower green trendline, I will be looking for trend-following longs and target the upper bound of the channel around $7.
BINANCE:RUNEUSDT
RUNE broke the structure and $5 round number. As it retests the support, I will be looking for trend-following longs and target the $10 round number.
Which altcoins would you like me to cover next?
All Strategies Are Good; If Managed Properly!
~Rich
FIL Long Setup: Bullish Opportunity AheadFIL is showing a strong bullish setup with significant potential for gains. The first target offers a 50% upside, while the second target presents an impressive 200% potential gain.
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always conduct your own research and consult a financial advisor before making trading decisions.
Filecoin firmly above invh&s as Goldencross occursPrice needs to flip the ascending white trendline to solidified support to be fully confident that price wont try to dip back below the inverse head and shoulders neckline again, and as of now that white line is still currently resistance, but with the golden cross just occurring and the way most alts have been bullishly responding to their golden crosses the same day as the cross, coupled with the fact that the white line has not had much strength behind any of its price rejections thus far, makes me believe we will see priceaction flip the ascending white trendline to solid support before too long. I will be looking for the dotted measured move line from the invh&s breakout to attempt to maintain support and if not then the next support below that is the inv h&s neckline. After that the final support is the thin bluish green colored 21 moving average. I anticipate one of these three supports will ultimately hold. *not financial advice*
Filecoin update- everything is in chart and simple as always.
1. Wait for a trend breakout ( and wait for a weekly candle confirmation ).
2. Wait for a buy if back to bottom around 3$.
- Unload around 20$.
- if it breaks 20$-27$ and altseason starts.
- it's a free fly ticket to 120$.
- Your trade, Your Decision.
- Stay S4fe !
Happy Tr4Ding !
FIL in weekly chart Hello
I do not have anything to say about this monster and I can't even predict how high it will rise but all I know is that its lowest price was around 2 USD about 2000 days ago and it is now 4 USD (just for now).
I do not want to analyze it and decision by yourselves.
I am 100% sure that what is going to happen that ever and never happened in other markets all around the world in any periods.
Wait and see
Thanks
Potential invh&s on filecoin daily chartNot guarantee this plays out and usually nor wise to chase an inv h&s trade until the right should completes on the neckline, but considering the crypto market appears to be resuming its uptrend soon it does greatly increase the probabilities of this playing out so it’s worth keeping an eye on imo. *not financial advice*
FILECOIN -The accumulation is almost overMy favorite coin right now is FIL, for several reasons, the first is that the risk reward in this case is really exceptional considering the historical support very close and the last important point where the course has been reversed to about a 50X from here, the second fundamental factor is Grayscale which has not one but two funds dedicated to FIL, the first is a single-asset fund and the second has just been created and is called Decentralized AI Fund where Filecoin is the most important holding (more than 30%). That said, we have a coin with incredible potential that is great from both a technical analysis and fundamental analysis perspective