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FIL

FILECOIN ($FIL) - Run it up to the highsFilecoin is developing a long setup if the criteria is met - that is hold the MS break level (keep bullish structure in tact) and reclaim the macro range eq (black dashed line EQ). So long as it manages to do that, it will push the highs once more. At that point we monitor to see if it breaks out of the downward diagonal and pushed HTF Resistance or if another correction is due, but let's not get ahead of ourselves. First thing is first, maintain our current low and begin to put in strength soon. Otherwise I think we revisit Q1 level (lower range quadrant). Watching this closely over the coming week. Vatsik
Long
by cryptovatsik
FIL/USDT Positioned at a crucial support area. Bounce or Broke??💎 FIL's market influence has recently been prominent. Currently, FIL is positioned at a crucial support area. Historical observations show that this area often acts as a strong foundation, usually leading to a bounce upon contact. 💎 If FIL successfully rebounds from this level, there's a potential for a resumption in its upward trajectory, aiming for the next significant resistance target. 💎 Conversely, if FIL fails to hold this support level and breaks through it, a bearish trend may emerge. This scenario could lead FIL towards the demand area, marking a critical juncture. 💎The demand zone is pivotal; for an upward trend to resume, FIL must not only bounce back but also regain and sustain levels above this support. A failure to achieve this could signify a continuation of the downward trend, possibly driving FIL towards a more robust support area at lower levels.
by MyCryptoParadise_Nathan
3
FILL READY FOR LONG 4HFilecoin is a decentralized storage system that aims to “store humanity’s most important information.” The project raised $205 million in an initial coin offering (ICO) in 2017, and initially planned a launch date for mid-2019. However, the launch date for the Filecoin mainnet was pushed back until block 148,888, which is expected in mid-October 2020. The project was first described back in 2014 as an incentive layer for the Interplanetary File System (IPFS), a peer-to-peer storage network where users pay for data storage and distribution services in $FIL. Filecoin is open protocol and backed by a blockchain that records commitments made by the network’s participants, with transactions made using FIL, the blockchain’s native currency. The blockchain is based on both proof-of-replication and proof-of-spacetime. Filecoin is open-source and decentralized, which means that all governance is in the hands of the community. On the Filecoin platform, developers have the opportunity to create cloud file storage services like Dropbox or iCloud. Anyone can join Filecoin and start storing their data or earn money by providing space for someone else's funds. The creators of Filecoin opted for their blockchain technology to run the network and their token with their own consensus. TSX:FIL is the native currency of Filecoin that powers the entire network and all processes. Clients pay for transactions in FIL tokens. Miners place FIL as collateral, guaranteeing their services. The developers claim that Filecoin solves the problem of inefficient file storage and retrieval. Customers can find the right solution with an efficient set of tools and its core development, IPFS.
Long
by sungoku5
SasanSeifi 💁‍♂FIL / 3D ⏩ 6.50$ / 7$ As you can see, in the long-term 3-day time frame, the price has been rising from the demand zone to the liquidity zone. Then, after liquidating the buyers, after a partial correction, it was able to rise again from the price zone of 4.20 USD to the price zone of 5.22 USD. It is currently trading at the price zone of 5 USD. In the medium term, there is a possibility of further growth. A scenario that we can consider is as follows: if the price remains in the price zone of 5/4.70 USD after ranging, it will continue to grow further to the target zones of the liquidity zone of 6.40 and the supply zone of 7/8 USD. In the case of growth, to better understand the continuation of the movement trend, we need to see how the price will react to the supply zone. In addition, if the price penetrates below the price zone of 4.50/4.70 USD and stabilizes, the price may face further correction. 🔵Remember, always conduct your analysis and consider other factors before making any trading decisions. Good luck!"✌️ ❎ (DYOR)...⚠️⚜️ Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help! if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌✌
Long
by SasanSeifi
4
FIL/USDT Breakout Alert! Descending channel. Bullish Momentum !!💎 FIL has notably made its mark in the cryptocurrency market. Recently, FIL achieved a significant milestone by breaking out of a major descending channel pattern, signaling a shift to bullish momentum. 💎 This breakout suggests that FIL might enter a retesting phase, likely at the demand area or along the support trendline of the descending channel, before it can probability continue its ascent toward a strong resistance area. 💎 However, there's a possibility that FIL might approach the resistance area directly without undergoing a retesting phase. In such a scenario, FIL could face rejection at this resistance level, which might lead it back down to the demand area. 💎 The demand area becomes crucial in this context. For FIL to maintain its upward trajectory, it must bounce back from this area. Should FIL fail to hold its ground at the demand zone, particularly if it breaks below it, the asset could potentially drop further to a lower demand area, around the $4.4 mark.
by MyCryptoParadise
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.
by MarsSignals
Filecoin is a Shitcoin and Will Drop MassivelyIs Filecoin a scam shitcoin? Showing massive weakness while the rest of the market is going berserk. Reason: When during a massive, market-wide bull market everything pumps massively but your asset in the same category does not, it means you're holding a garbage asset that will continue to underperform for the duration of the bull cycle. Many coins in the same category as filecoin, such as helium and pocket network, have done 400% - 1000% in recent weeks, while filecoin is struggeling with an age-old resistance. If filecoin does not break out within the next 24 hours, you can rest assured it will be the shittiest coin to hold for the next year!
Short
by couldntcomeupwithone
2
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. 🌴💰
Long
by MyCryptoParadise