#FIL/USDT#FIL
The price is moving in a descending channel on the 12-hour frame and is sticking to it very well and is expected to break it upwards
We have a bounce from a major support area in green at 3.46
We have a downtrend on the RSI indicator that was broken upwards which supports the rise
We have a trend to stabilize above the 100 moving average which supports the rise
Entry price 3.50
First target 372
Second target 3.83
Third target 4.00
Filbtclong
#FIL/BTC 1DAY UPDATE BY CRYPTOSANDERS !!Welcome to this quick FIL/BTC analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason of trade:-FIL/BTC PARALLEL CHANNEL and buy the green zone and (SPOT CALL)
Entry:-0.000251,0.000280
Traget:- 70%
Stoploss:- 0.000225
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
💡Don't miss the great buy opportunity in FILBTC @FilecoinTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.000770).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. FILBTC is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 60.
Take Profits:
TP1= @ 0.000857
TP2= @ 0.000893
TP3= @ 0.000938
TP4= @ 0.000971
TP5= @ 0.001061
SL= Break below S2
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💡Don't miss the great buy opportunity in FILBTC @Filecoin Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.000770).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. FILBTC is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 60.
Take Profits:
TP1= @ 0.000857
TP2= @ 0.000893
TP3= @ 0.000938
TP4= @ 0.000971
TP5= @ 0.001061
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 / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
$FIL may retest the previous high. I saw some people wondering about FIL.
Very interesting chart, so here's my personal trade setup for it.
First of all, the 3 purple ranges are strong support levels which may cause impulses there.
Hence, here's what I will do, but it's a risk with a potential of 80-120% profits for the mid-term and may double your investment.
I think FIL will retest the high!
It broke out of another descneding channel and it now going through major resistance, however, I do believe it may drop down further which is why I have 3 entry points.
Stop loss is far, but you can get out of it if you wish to DCA further on that level and wait for a further rise to get out at breakeven at worse case scenario.
Risky trade, I wouldn't use a big capital on FIL because it's giving me bear market behavior.
However, the volume is showing an accumulation stage, which is where the smart money may come in.
FILBTC Technical AnalysisFILBTC is still in the Bearish Flag . There is a big Green candle which shows that the Bulls are pushing the price higher. there might be Pullback at 0.0020017 but the price most probably will go to the upper band of the channel. if we get a break out of the Resistance there is a high chance that the price goes to 0.0027616
SL @ 0.001458
TP1 @ 0.0027616
TP2 @ 0.003542
TP3 @ 0.0045323