FIL Long // Target 175+
Hi all, apologies I'm quite bad at getting my charts through TV. Just wanted to throw this up on the FIL/USD CB Ideas section as its been barren here save for some insane short suggestions.
FIL's previous ATH was around the $250 level, we're moving towards that aggressively with short and decent corrections in-between. Honestly, don't trade this bad boy. Hold to at least $175-200 levels; see what the overall momentum looks like then.
Fundamentals:
I've read a lot of FUD around FIL not being encrypted. While technically true, the system FIL uses operates on a two-stage approach to data security that acts as an encryption method (Look up data shredding, etc.) It's also a pioneer techology, in that STORJ and others are coming after it. Think, BTC, BCH, etc. You've got your very own BTC in FIL in the fundamentals and status on the market. First movers and innovators tend to do better regardless of the "advantages" of its competitors.
Market cap is quite low with the current circulating supply, just keep an eye on potential unlocking of additional tokens.
In short, hold this boy. I have a VERY good feeling this is going to blow into the top ten CC's in a very short period of time.
Trade safe, DYOR and use stop losses. Not financial advise, y'all know the deal :)
If any of my tips make you money and you want to show appreciation, feel free to send ETH to my address! I'm a uni student supporting herself through crypto and stocks.
0x0008eb9764B45b7a7761eB747E1C6a5a55C9d6Ec
FIL's previous ATH was around the $250 level, we're moving towards that aggressively with short and decent corrections in-between. Honestly, don't trade this bad boy. Hold to at least $175-200 levels; see what the overall momentum looks like then.
Fundamentals:
I've read a lot of FUD around FIL not being encrypted. While technically true, the system FIL uses operates on a two-stage approach to data security that acts as an encryption method (Look up data shredding, etc.) It's also a pioneer techology, in that STORJ and others are coming after it. Think, BTC, BCH, etc. You've got your very own BTC in FIL in the fundamentals and status on the market. First movers and innovators tend to do better regardless of the "advantages" of its competitors.
Market cap is quite low with the current circulating supply, just keep an eye on potential unlocking of additional tokens.
In short, hold this boy. I have a VERY good feeling this is going to blow into the top ten CC's in a very short period of time.
Trade safe, DYOR and use stop losses. Not financial advise, y'all know the deal :)
If any of my tips make you money and you want to show appreciation, feel free to send ETH to my address! I'm a uni student supporting herself through crypto and stocks.
0x0008eb9764B45b7a7761eB747E1C6a5a55C9d6Ec
Note
Hi all, firstly thanks for the follows and comments! It means a lot - sorry for the garbage first chart posted. Please note if you're entering into a position right now it's a bit shaky. I would let this pump cool down and enter at a more moderate position prior to committing at the moment.
Just my .2 cents, DYOR and not financial advise as y'all know.
Trade safe,
Jemkie 🦊
Note
Grats to everyone that got in early, given the price action atm it's concerning we may see a blow-off top. Be careful, this'll be my last update for 
FIL for a bit. Be safe!
Jemkie 🦊
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.