FIL
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.
FIL/USDT BullishIn my opinion, FIL is in a reaccumulation zone with the potential to reach the $11$ zone again. It is also possible to reject the first target around $7.10$. I am prepared for every outcome. I am only spot trading here. On the longer timeframe the zone 14-15$ is on the table, but that depends on the overall market conditions. Good Luck.
Alikze »» STRK | Trading range🔍 Technical analysis: Trading range
- It is in a downtrend on the 1D daily time frame.
- Currently, it is in the area between 0.33 and 0.42 as a trading range.
- In case of support in the 0.39 area, it can grow up to the supply area.
🛑 The most important resistance: 0.586
- Due to the fact that there is demand in the current area, this failure can happen from above.
- He has tested the swing several times. According to the momentum, there is an expectation of failure from above.
- But if there is consolidation below the 0.39 area and there is a break from the bottom, the bearish scenario will gain strength.
💎 Alternative scenario: Considering that the formation of a bearish flag pattern is given, if the 0.39 area is not maintained and stabilizes below the area, we can expect confirmation of the bearish flag pattern, which with the breaking of the trading range area can be a correction as much as the previous leg. experience another.
»»»«««»»»«««»»»«««
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support.
Best Regards,❤️
Alikze.
»»»«««»»»«««»»»«««
BINANCE:STRKUSDT
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.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
FIL/USDT Trading Scenario
From the beginning of November and throughout the month, FIL, driven by the overall positive market sentiment, demonstrated confident growth from $3.125 to $8.322, an increase of over 158%. This movement was accompanied by a rise in trading volumes.
Subsequently, a correction occurred, triggered by heightened volatility amid anticipation of the new U.S. president's inauguration, their statements, and the Federal Reserve's reaction to these events. As a result, the asset's price dropped to a mirror level that previously acted as resistance but now serves as support.
From a volume profile perspective, this level is confirmed by market participants' interest. In the near term, moderate volatility within this range can be expected, followed by a potential price reversal, a return to the local high, and its possible renewal.
FIL/USDT Local trend. Wedge. Price squeeze. 30 06 2024Logarithm. Time frame 1 day.
🟣 Local trend . Part of the secondary trend, horizontal channel zone with a step of 372% external channel /180% internal channel, in which a descending wedge is formed. Now there is a local price squeeze, at the support zone of the inner channel.
Also superimposed is a slightly modified Gann fan, to understand the dynamic support/resistance zones during trend development and the time of reaching the price range. Percentages to key support/resistance levels are shown in cases of exit/non-exit from this zone are shown.
Line chart (without market noise).
🔵 Main trend . Formation of a large pump bowl, price in the second phase, that is in a horizontal channel (accumulation zone).
FIL/USD Major trend. From a high of $237 -99% Published on 01/22/2023 (1.5 years ago).
All current. A set range has formed.
Follow the link and click play on the chart.
Any buying expensive / cheap in this range is acceptable from the position of not only the main, but also the secondary trend of price movement development. But, still set adequate targets from the position of the trend and time of development of the cycle. US.
Main trend (without market noise) of this American cryptocurrency for 06 2024
#FIL/USDT#FIL
The price is moving in a descending channel on the 1-hour frame and is expected to continue upwards
We have a trend to stabilize above the moving average 100 again
We have a descending trend on the RSI indicator that supports the rise by breaking it upwards
We have a support area at the lower limit of the channel at a price of 5.80
Entry price 6.02
First target 6.15
Second target 6.34
Third target 6.60
#FIL/USDT Ready to go higher#FIL
The price is moving in a descending channel on the 1-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at 4.70
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 4.87
First target 5.22
Second target 5.49
Third target 5.82
#FIL (SPOT) IN( 4.500- 6.000) T.(52.000) SL(4.380)BINANCE:FILUSDT
#FIL/ USDT
Entry( 4.500- 6.000)
SL 1D close below 4.380
T1 11.800
T2 16.900
T3 24.000
T4 34.000
T5 52.000
1 Extra Targets(optional) in chart, if you like to continue in the trade with making stoploss very high.
______________________________________________________________
Golden Advices.
********************
* collect the coin slowly in the entry range.
* Please calculate your losses before the entry.
* Do not enter any trade you find it not suitable for you.
* No FOMO - No Rush , it is a long journey.
Useful Tags.
****************
My total posts
www.tradingview.com
**********************************************************************************************
#Manta #OMNI #DYM #AI #IO #XAI #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI #VOXEL #AEVO #VITE #APE #RDNT #FLUX #NMR #VANRY #TRB #HBAR #DGB #XEC #ERN #ALT #IO #ACA #HIVE #ASTR #ARDR #PIXEL #LTO #AERGO #SCRT #ATA #HOOK #FLOW #KSM #HFT #MINA #DATA #SC #JOE #RDNT #IQ #CFX #BICO #CTSI #KMD #FXS #DEGO #FORTH #AST #PORTAL #CYBER #RIF #ENJ #ZIL #APT #GALA #STEEM #ONE #LINK #NTRN #COTI #RENDER #ICX #IMX #ALICE #PYR #PORTAL #GRT #GMT #IDEX #NEAR #ICP #ETH #QTUM #VET #QNT #API3 #BURGER #MOVR #SKL #BAND #ETHFI #SAND #IOTX #T #GTC #PDA #GMX #REZ #DUSK #BNX #SPELL #POWR #JOE #TIA #TFUEL #HOT #AVAX #WAXP #OGN #AXS #GALA #ONE #SYS #SCRT #DGB #LIT #QI #FIL
Altcoins by the Example of FIL and BTCThis chart compares the price structure of FIL (left) with BTC (right) from 2015/2016 to highlight similarities in price behavior.
The key observation is the accumulation phase where the price trades within a defined zone for an extended period, eventually breaking out with significant volume, indicating strength and demand.
After breaking out, the price typically retraces into an orange zone, a phase where many participants get burned due to their unrealized gains being lost quickly, often causing panic and liquidation. This retracement is frequently mistaken for a "suckers rally."
However, this orange zone marks the re-accumulation phase , where smart money enters again before the real price expansion begins. The current chart shows similar price behavior to what we saw in BTC in 2015/2016. Despite differences in liquidity and volume back then, the same pattern is visible.
As for a potential selling point, we are looking at May 2025 , although it's difficult to predict the exact peak of altcoins during this phase. The FIL chart essentially represents the broader altcoin market, as most altcoins exhibit similar structures and price movements.
FIL Short Targets!After accurately identifying the price bottom, we have an upward swing.
We have not yet reached oversold levels on the weekly time frame.
We will probably have a price correction by reaching the price of 7.7 and spend some time in daily waves until the weekly time frame gives a rebuy signal.
The wave that started from the price bottom of 2.86 can end around $50.
After that, we will have a longer correction...
Don't forget to like, follow and boost
FIL/USDT Breakout Alert: 10x Potential in Play!🚀 Hey Traders! 👋
If this setup excites you, hit that 👍 and smash Follow for proven trade ideas that deliver results! 💹🔥
FIL is gearing up for massive action! It’s breaking out of a descending triangle on the weekly timeframe and currently retesting the breakout. This is a golden opportunity to accumulate and hold for a potential 10x profit! 🚀
📈 Trade Setup:
Entry Range: $4 - $5
Targets: $10 / $22 / $38 / $50 / $66
Stop-Loss (SL): $2.50
💬 What’s Your Take?
Do you see the same explosive breakout potential? Drop your analysis, thoughts, or predictions below. Let’s ride this wave and secure massive gains together! 💰🌊
🔔 Stay Tuned for more high-probability setups!
filecoin ( fil )fil usdt daily analyse
time frame daily
risk rewards ratio > 2
filecoin is one of the most promising coins in the market, with a good team and a bright future in this market. It is not in a good position at the moment, and the bear market did not allow this coin to grow, which is likely to reach its true position in the upcoming bull market.
analyse base on price action
first target 8.12 $
second target 11.2 $