FIL/USDT: Rising Wedge Pattern - Bearish OutlookFIL/USDT: Rising Wedge Pattern - Bearish Outlook
Technical Analysis:
The price faced a strong resistance near the top at 11.80 and it moved down nearly -35%
in 7 days.
Actually the price is in correction and just completed a "Rising Wedge Patter"
You may watch the video for further details!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
FILUSDT trade ideas
Filecoin - Imaginary Head and ShouldersThis is purely speculative. This event could be possible. I want to keep our eyes and ears open to possibilities. I think that this design will likely play out. I am most likely wrong. Nevertheless, my position is Short on Filecoin from above 9 dollars on the potential Right-Shoulder. It would be an early trade here. Technically, most traders would want to wait for Filecoin to break under $7.625 before entering Short to take profit near $6. This is not financial advice.
Good Luck and Happy Trading!
Mr. Storm
[FILUSDT] On March 3rd I missed a followers requestHello,
Someone asked for this, but I received so munch support that I sadly missed it. Just read it by chance, now I must deliver.
@Sevenklp ;),
Good call btw, since the day you asked this thing went sideways, we didn't miss much ... Now we need a good entry...
We saw the long term, now let's dive deeper to get us the perfect price entry in the time we are in, I am a little busy, will give you guys that as soon as I can.
For now, I know NOTHING about Fil beside the chart, I mean it ... NOTHING lol... and tbh i don't care too... over 10K+ cryptos so.... we just want to make profits at the end of the day.
FIL has space to evolve but the project needs to be good, I see it is on binance and they are strict so... good sign.
SUPER EARLY, I am surprised ... T4 looks $$$$$ to me ...
Enjoy...
Simple view of FILUSDTGo long after the price breaks resistance. For long-term profit, consider selling the coin at its previous high of 257.
-For short-term risk management, the stop-loss is set at $8.
-For long-term investments, there is no stop-loss mechanism in place. Therefore, it is imperative to engage in personal risk management strategies to safeguard your financial interests.
FILECOIN can ascend further ! What Shall we Expect ?Hi.
COINEX:FILUSDT
✅Today, I want to analyze FIL for you in a 3D time frame so that we can have a mid-term view of FIL regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts).
We have a Bullish Structure here
Adam & Eve pattern is completed and now we testing the resistance cluster of Descending Resistance + A&E neckline + 11$ Key Zone☝️
Looking for a breakout and rally📈
✅ Due to the Ascending structure of the chart...
🟢 High potential areas are clear in the chart.
🟢 Adam & Eve pattern.
🟢 AB=CD.
🟢679 Days of accumulating inside of Adam & Eve.
Stay awesome my friends.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change.. .
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
keep your eyes on FILHello my friend 🐺 .
In this idea I want to talk about FIL and the possible price targets for the short term and the mid term so make sure to read this idea until the end .
let's began with the weekly chart :
As you can see in the picture above ; EMA Ribbon is starting to flip bullish and also price is currently above a very strong weekly support which shown by purple color.
also if we zoom in a little bit and look at the daily time frame we can see a AB=CD pattern or also you can call it as a bull flag which is also a continuation pattern .
the possible mid term target is around 16.8 , something about 80% higher than the current price also it's below a weekly resistance area .
the short term target is :
as you can see we have a clear invers H&S pattern in the 4H timeframe and price is trying to break above the neck line and also the 4H downward sloping trend line which is shown by orange line .
the possible price target for the immediate short term is something between 0.618 and 0.718 fib level ; so guys don't forgot to like and follow me for more chart updates and my next ideas .
have nice day 🐺
📈 FIL Trade Analysis 📉💡 Trade Plan:
Entry: Consider entering a long position at the current level, indicating support reclaim around $8.88.
Take Profit: Plan to take profit at resistance levels of $11.10 and $15.50 to capture potential gains.
Risk Management: Set a stop-loss just below the support level, possibly below $6.96 or $5.86, to manage potential losses.
🚀 Important Note: Stay updated with market developments and adjust your strategy accordingly. Keep an eye on FIL's price action and broader market trends for informed decision-making.
📉 FIL Trade Analysis 📈📊 Market Overview:
Token: FIL (Filecoin)
Current Situation: FIL is retracing into a key support zone marked by the Fibonacci 0.618 level and previous high timeframe resistance.
Trading Approach: Observing buying pressure in this zone to trigger a spot buying opportunity.
💼 Trade Setup:
Entry Range: Consider entering the trade between $7 to $8, aligning with the key support zone and potential buying pressure.
Target Price: Aim for a take-profit range around $13 or $16.5, reflecting potential upside targets based on previous price action and resistance levels.
Risk Management: Implement a stop-loss strategy to exit the trade if the price closes below the critical support level, set at a daily close below $6.
📈 Rationale:
Key Support Zone: The Fibonacci 0.618 level and previous high timeframe resistance act as a significant support zone, attracting buying interest.
Buying Pressure: Observing for signs of buying pressure, such as bullish candlestick patterns or increasing volume, to confirm the validity of the support zone.
Upside Potential: Potential upside targets are based on historical price movements and resistance levels, providing achievable profit objectives.
⚡ FIL Trade Setup ⚡📊 Analysis:
Market Observation: FIL shows continued bullish momentum, breaking resistance and retesting it as support.
Current Situation: The retest of support at $10 offers a potential entry opportunity.
Strategy: Wait for confirmation of support holding before entering the trade.
Entry Point: Consider entering the trade between the range of $10 to $11.
Take Profit: Target profit levels at around $13 or $16.5.
Stop Loss: Set a stop loss just below the support level, below $9.50, to manage risk.
🌐 Note: Ensure to wait for confirmation of support holding before entering the trade. Monitor the price action closely for signs of a change in character. Adjust the strategy based on market movements and consider factors such as volume and overall market sentiment.
FilUsdt- I'm expecting a new leg upFilecoin is one of the coins that I anticipate will perform very well in the coming months. Like the entire cryptocurrency market, BINANCE:FILUSDT began a bullish trend at the end of October.
However, at the start of this year, the coin entered a correction phase, experiencing a drop from above 8 to under 5.
In mid-February, a new upward trend began, and the coin surged by more than 100% once again. Following the peak around 12 on March 9th, the coin started to correct once more, with a recent low reaching 8.3.
Technically, the 8 zone should offer strong support, while the 10 zone should act as resistance at this time. If this cycle were to continue, we could expect a new upward movement to the 17-18 zone, which is an important resistance area visible on longer timeframes.
In conclusion, I maintain a bullish stance on Filecoin as long as the price remains above the $8 USD zone, and I anticipate a new upward movement of around 100%.
FileCoin to 120$ at 1st step. After weeks of downtrend and now range, the FileCoin is ready to grow and began to Uptrend.
According to analysis, we expect FileCoin reach to 1st target at 120$.
soon we say about 2nd Target.
Maybe it will go down about 5 dollars but our 1st target is 120$
BINANCE:FILUSDT