FIL
FIL is getting ready to pump up to 120$, You can buy hereFIL Mid term Analysis
FIL is one of the best projects in the cryptocurrencies world, Breakout of this triangle pattern will makes everything ready for a nice pump.
There are two scenarios before breakout of this triangle:
1. Bulls can hold 50$ support level
2. Bulls can not hold 50$ support level, so the falling can continue up to 40$
The best choice is that to make your self ready for both scenarions.
🆓Filecoin (FIL) Nov-19 #FIL $FILFIL has a strong support at the $50 zone, if it doesn't lose this zone, it will continue to rise strongly to the $60, $80 and $100 zones. But if it loses the $50 zone, we will wait to buy back at the $40 and $35 zone
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 50$ zone
🔴Buy : 50
🔴Sell : 60 - 80 - 100
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 50$ zone
🔵Sell : 50
🔵Buy : 40 - 35
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
FIL / BTC - Broke out of Daily Falling Wedges (Twice)Filecoin was in a giant falling wedge on the daily, we broke out, never reached min target, but also never broke back down into the old wedge when re-testing. Instead, we've rode the top of the wedge we broke out of, bouncing off of it and creating yet another falling wedge above the original structure. Now, we've broken out of the upper falling wedge.
Let's see if we get back on track for our original min target (1 target line in white left of the other two), and I've indicated the newer falling wedge min target and TP 2 on the chart (2 target lines in white on the right side)
Alternatively, get below the green box and we could see more down, until then I expect that to be our support area before moving up.
FIL IF I WAS BEARISH I am not bearish on FIL coin but this is the best perspective I could come up with for why I might be bearish. The pattern is ok but it seems like we are neglecting the volume profile force this point of view. It would also imply we are about to go to 8 dollars which I just don't think is likely in the middle of a bull market. I am still very bullish and am not getting shaked out