📊#FIL may continue to rise based on the double bottom structure➡️After a long decline, we constructed a smiling face bullish structure and a small double bottom structure at the bottom, and used this as support to start rising. When we reached the mid-term TP zone, we started a sharp correction, which was very reasonable. Because the realization of macro-cycle goals is often accompanied by macro-cycle adjustments. When we pulled back to fib0.5, we re-established a double bottom long structure, so I have reason to think that we will continue to rise next.📈
🧠If we can successfully break through the short defense point above, then there is a high probability that we will challenge the previous high. If the previous high is broken, then a higher target is worth looking forward to. So it's important to be patient.☕️
⚠️But to be conservative, we will first lock in about 50% of the profit. If we do not continue to break through the short defense point above, our position is not heavy, so the corresponding risk is also reduced. If we continue to break through the short defense point above, but do not continue to break through the previous high, and then start to pull back, we will look for opportunities to add to the position.⚙️
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FILUSDT trade ideas
[FILUSDT] - unstoppable bullish 🔥🔸Weekly chart looks cheerful
🔸Weekly close directly below the major trend..... doesn't happen before
🔸Double bottom consolidated .
🔸Need to confirm breaking out the down trend to reach my target (50$)
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FILL ENTERING NEW UPTREND VOLUMEThank you for reading this update.
Depending on our study we see that FILL has a good chance of volume increase.
This updates depending on day trade, And the market should confirm with time the right market way.
#Nottradingadvice
#For Day traders take always profits when the market increase
#Expect nothing from the markets, but follow what it shows.
FILUSDT.1DBased on the provided market data, the FIL/USDT pair is currently trading at 6.039 USDT.
In the 4-hour chart, the Relative Strength Index (RSI) is at 61.47, suggesting that the market is slightly more towards the overbought territory. The Moving Average Convergence Divergence (MACD) is positive, indicating a bullish trend. The Bollinger Bands (BB) are at 6.319, suggesting a moderate degree of price volatility. The support levels are at 5.585, 5.412, and 4.857, while the resistance levels are at 6.273, 7.040, and 7.340.
In the daily chart, the RSI is at 70.91, indicating that the market is in the overbought territory and could potentially be due for a correction. The MACD is also positive, suggesting a bullish trend. The BB is at 6.322, indicating a moderate degree of volatility. The support levels are at 5.373, 4.471, and 4.282, while the resistance levels are at 6.760, 7.353, and 7.649.
In the weekly chart, the RSI is at 68.05, indicating that the market is slightly in the overbought territory, suggesting that the market could potentially be due for a correction. The MACD is positive, indicating a bullish trend. The BB is at 6.330, suggesting a moderate level of volatility. The support levels are at 4.130, 2.690, and 2.423, while the resistance levels are at 6.800, 9.400, and 11.215.
In summary, the market data suggests a bullish trend for FIL/USDT in the short term. However, the relatively high RSI values in the daily and weekly charts suggest that the market could be due for a correction in the medium to long term. As always, this analysis should not be taken as financial advice and individual research should be conducted before making any investment decisions.
Mock Up Price Action for FIL | Mid Term (12HR)Mock Up Price Action for BINANCE:FILUSDT | Mid Term (12HR)
- Watching and waiting for opportunities
Personal Approach & Base Chart Setup
- Stacked Parallel Channels for Grid of Confluence Points
- High Time Frame (HTF) Fib Extensions, Retracements, & Time Cycles
- Red Filled Horizontal Rectangles between areas of major Fib level from Extensions and Retracements
- Price Label Callout with Red Circle highlighting points of interest where I'd consider making a trade
- I will consistently monitor and adjust taking into consideration long/mid/near term price action and market conditions/news
Filecoin Rejected for the 8th Time: Ultra Mega BearishWhile the entire crypto + stocks market has been making new yearly highs, filecoin has been struggeling with a minor resistance. As previously mentioned, this is extremely worrisome for holders/buyers of this asset because extreme weakness in an otherwise extremely strong market is recipe for Ultra Mega Bearish Disaster. I expect this coin to drop to sub $1 and never recover. This coin was $230 and is now barely $5, which shows that it has unfortunately already died. I expect the crash to commence soon.
FIL/USDT Hello dear who is reading this text now;
It looks that FIL/USDT has made a clear and good Flag pattern. If it breaks out upward that would be a good justification for a bullish trend. If you want to open a position, the best time is when this happens. If you don't know what a flag pattern is, you can have a target equal to the flagpole and the stop loss would be bottom of the flagpole.
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