FILBTC
SIGNAL FIL - POSSIBLE 125 usd with breakout trend - WATCH COINHello friends,
ALso on FIL expecting next time an increase trend.
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Filecoin potential long scenariosFilecoin is another one of the new Grayscale products. In my opinion file storage coins like Sia, Storj and Filecoin could be doing well as the next 'theme' of the market. Be careful with filecoin however due to its high inflation rate, so have it only for short term trades, not long term holding.
💡 It's a great buy opportunity in FILBTC @Filecoin @bitcoinTrading suggestion:
. There is a possibility of temporary retracement to the suggested support line (0.0006860). If so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. FILBTC is in a downtrend that we assume will break up, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 42.27.
Take Profits:
TP1= @ 0.0007900
TP2= @ 0.0008690
TP3= @ 0.0009600
TP4= @ 0.0010300
TP5= @ 0.0011185
SL= Break below S2
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💡 It's a great buy opportunity in FILBTC @Filecoin @bitcoinTrading suggestion:
. There is a possibility of temporary retracement to the suggested support line (0.0006860). If so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. FILBTC is in a downtrend that we assume will break up, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 42.27.
Take Profits:
TP1= @ 0.0007900
TP2= @ 0.0008690
TP3= @ 0.0009600
TP4= @ 0.0010300
TP5= @ 0.0011185
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Make sure to leave a comment. Let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
FILBTC to pump in near-termFILBTC head & shoulders at base/bottom + double bottom.
FILUSD recently broke out of falling wedge. (1H)
Double bottom pattern might be arguable and not exact/accurate (around 200 pips in difference)
Already opened two long positions on last test of support at 0.00067
Filecoin, which works on top of the IPFS protocol, is still low marketcap for what it fundamentally is, so you know.
Knowing the current total storage space of the network is 1.000 petabytes or 1 billion gigabytes.
Trade 4 - FIL / BTCHi guys,
With the current market being bullish on BTC pairs i'm looking for ALTS bottomming, showing sings of reversal on 4H and 1D timeframes.
An example of this it's FIL, with a downtrend on the daily but signs of reversal on the 4H.
For bullish/reversal signs we got:
Double bottom on the 4H with RSI bullish divergence.
Price breaking through the Tenkan/kijun and the cloud with volume.
Bullish Tenkan/Kijun Cross.
Rsi down again to the 50's lvl.
Price retesting a daily resistence now turned as support.
Price retested the 0,5 fib level from the move up.
I think we could see a lower entry on the 6336 level that matches with the bottom of the cloud and the Kijun, but looking to the strong of the market right now i prefer to go in at this price. Another options is scale the position 50% now, 50% on that area.
Finally, we got two targets, both daily resistance.