FILUST trade ideas
Filecoin Double Top: $0.50 nextFilecoin has proved itself to be a shitcoin. Every DePIN coin has pumped massively, but Filecoin has been left behind. This is a very bad sign. The daily chart shows a double top pattern. I think Filecoin will drop 90% and go below $1 soon. It's quite sad because some people bought this coin for $200 or higher. They basically lost 100% of their investment with no chance of recouping even 5% of it.
FILUSDT Bullish Divergence and falling wedgeFILUSDT is forming a falling wedge pattern and looks set to breakout to the upside.
It has formed bullish divergence on the RSI.
It is also retesting its previous support levels.
Whether you trade the old sideways S/R levels or the falling wedge, in both cases, your target price is exactly the same.
#FIL/USDT#FIL
The price has been moving in a downward channel since last April
The downtrend for that channel was broken at $3
It is the same strong support area
The price has gained nearly 200% so far
Supported by oversold on MACD
It is supported by the moving average 100 break of 1 D Frame
Current price 5.5 $
First goal 7.06 $
Second goal 9.11 $
The market's upward momentum will lead us to the expected targets
But be aware that there are some corrections
FIL/USD Poised for Upward Movement Post-OB Rejection? 👀 🚀💎 Paradisers, focus on #FILUSDT as it displays a promising trading pattern. After experiencing rejection from a bearish Order Block (OB), it is now regaining upward momentum, indicating a strong likelihood of an upward movement following a successful breakthrough above the OB level.
💎Delving into #FILECOIN past market behavior, it has shown a consistent pattern of navigating a descending channel, breaking above, and then initiating an upward trend. Recently, after encountering resistance at the Bearish OB level of $5.755,#FIL retraced to a support level where it previously exhibited a Market Structure Shift (MSS). It’s now showing signs of regaining upward momentum to challenge the substantial supply level above at $9.168.
💎 However, in the ever-changing landscape of cryptocurrency trading, it’s essential to prepare for various possibilities. If #FIL struggles to sustain its current upward trajectory, attention should shift to potential bullish continuity from the support level of $4.228. A descent below this pivotal level might suggest a more significant downward trend. 🌴💰
Analysis and Fil signalWitnessed a good ascending trend of this currency
Reached the one -day supply area specified in the red box
And we saw a negative reaction from the currency and the correction was to be corrected to Ardar Block 4.39
I expect to have a fall up to 3 or close to this price, and then it can touch the higher Targets.
Note when it comes to 2.50 this analysis will be valid
Be sure to enter the spat
FIL target 6.64h time frame
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FIL is breaking above the falling wedge, which is created since dumping from previous high 5.6.
Also, FIL got support from 0.5~0.618 Fibonacci Rettacement and accumulation zone. Next, we can set target with Fibonacci and long-term triangle structure, that is 6.35~6.9
TP: 6.35~6.9
SL: 3.9
FILUSDT Forms Spectacularly Bullish PatterAfter Nearly Two Months of Patient Accumulation, BINANCE:FILUSDT Shatters Consolidation Structure, Piercing the 100-Day Trend Line!
Anticipating a Bullish Pullback to the Demand Zone:
Alternatively, We Can Anticipate a Bullish Surge Following a Brief Consolidation:
whether you agree or have your own insights, share in the comments.
FIL Long Term AnalysisBack again with another banger. So far i've been analysing a series of low cap tokens all of which have skyrocketed since my last post. If you haven't alreadyseen them, I highly suggest checking out my previous analysis for some eye-opening insights.
Today's post is about TSX:FIL token, it's expected to do great things in the next bull cycle and the chart screams it. So far we price is at resistance so it would be very interesting to see what will happen in the coming days, will either short it if BTC crashes or continue spot buying if she consolidates.
I've carefully set my price targets for TSX:FIL tokens, keeping in mind the long-term game plan. These ambitious targets are definitely achievable during the next bull market too. File's current Mcap at the time of writing is $2,3B/Top 30; and is 85x away from its ATH so we'll see how mad she can go.
I will surely come back and do an updated analysis on this chart for those who will miss out on buying it, so make sure to stay tuned!
As always stay blessed and NFA...