Filecoin
FilecoinSignificant Fibonacci levels and ratios and a Descending channel and positive divergence indicate a price increase for the Filecoin. The Filecoin appears to have formed a Double Bottom pattern, and by breaking the down trend line, one can expect its first target to reach $ 26 and its second target to reach $ 41. These price ranges also overlap with important areas of resistance and supply and demand. If a long-term uptrend occurs, higher goals can be achieved, including $ 55, etc. If the support level of 16.80 is lost, lower goals are waiting for the Filecoin, including the Fibonacci cluster in the range. Price $ 7.40 !
Filecoin Long - triangle breakout setupAs we can see FIL has been in a bear market since april 2021. Having reached a support zone always respecting the major weekly trendline we could se a pump and consequent break of the triangule structure. RSI and MFI at low levels showing possible reversal of the bearish pressure. Yellow zone marked on the graph is a possible Fib retracement zone
The project itself is based on storing data on the blockchain, that a plus for this trade. Also considering the imminent pump on BTC every alt coin tends to pump afterwards so this could be a great zone to enter in.
I will wait to have the support verification and the DCA and TP at the Fib zone.
𝗡𝗢𝗧 𝗙𝗜𝗡𝗔𝗡𝗖𝗜𝗔𝗟 𝗔𝗗𝗩𝗜𝗦𝗘
FILUSDT symmetrical triangleA symmetrical triangle pattern can be seen in the filecoin FILUSDT chart
In the collision of the price with the Key-Level, which is the same as the uptrend line
And on breakout the descending line of the triangle, you can enter into a deal according to risk and capital management
🔵 Long on triangle breakout or set on Key Level 23.65
🟢Target 1 25.60
🟢Target 2 27.80
🟢Target 3 29.60
❌Stop loss 22.85
I hope it is profitable for you
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FIl Fakeout before a move up?1W/1D Charts
Fil is bottomed out here in weekly supply zone and swing low of weekly structure, I think we have faked out the lows of the previous weekly swing structure with high volume, now forming a reversal candlestick formation on weekly.
Fundamentals are strong with this one and I’ve DCA’d into it at $20 as the upside is hard to ignore with a coin like this imo.
MACD on weekly converging and showing signs of strength with bullish divergence on the daily.
Trading Signal For FilecoinTrading Signal:
There is a Trading Signal to Buy in FILUSDT Filecoin
Traders can open their Buy Trades NOW
Rank : ⭐️
⬆️Buy now or Buy on 18.80
⭕️SL: Close below 16.50
🔵TP1 @ 24.20
🔵TP2 @ 30.65
🔵TP3 @ 41.30
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A good currency in a bad market (Fil) Welcome to the volatile market: 2022 is the year of volatility for the cryptocurrency market, and traders' vision must change from holding to small, technical targets.For this currency, buy in suitable technical points that match your view of Bitcoin and exit it with logical targets. (Do not holder that you are a loser)
FILECOIN will it ever recover? FILECOIN descent has been nothing short of brutal with almost no real relief bounces on the way down. We are at major support right now and we have been in this falling channel on declining volume the whole time. Technically, it can consolidate sideways within this channel before breakin up towards 95 but it must beat the 36-39 level. That is the main resistance to beat. I think we can get relief to that level atleast from this breakout
FIL LONGevery one is thinking now is the time of bear market begins.but if you analyze the most of coins under top 100 coins were in bear market since last ALT season in 2021.everyone want to buy the actual dip but they don't know what the actual dip is.I think this coin will pump in near future.
if we added the Fibonacci extension tool then FIL is trading near the 0.618 fib
FIL USD BULLISH DIVERGENCEFilecoin 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
Filecoin (FIL) Buy ZoneFilecoin (FIL) Buy Zone
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BIAS
Mid-Term : Bullish
Risk : Medium
Filecoin is still holding with strength above our $35 long term key level, which means we remain bullish in mid term.
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$FIL/USDT LONG SETUP
Leverage : x3 - x5
Entry Price : 33.25 - 35
Mid-Term
TP 1 : 35.9
TP 2 : 37.25
TP 3 : 39.87
TP 4 : 41.5
Long-Term
TP 5 : 46
TP 6 : 49.9
TP 7 : 54.75
TP 8 : 65
Stop Loss : 30.25
*Maximum 3% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
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Filecoin (FIL) - January 17Hello?
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(FILUSD 1W Chart)
It must rise above the 47.149096 point to turn into an uptrend.
Now that we're out of a sharp decline, we need to see if we can sustain the price above the 34.099171 point around the week that includes January 24th.
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(FILBTC 1W chart)
It must rise above the 0.000969 point to turn into an uptrend.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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FILUSDT-LONGBased on technical factors there is a long position in :
FILUSDT Filecoin
Score 4️⃣
🔵Long Now or set on Key Level 29.00
🟢Target 1 33.00
🟢Target 2 40.00
❌Stop loss 27.30
#K_Level
Every signal has a score from 1 to 5, so accordingly adjust your risk for each signal. The signals with the score of 5 are the most probable ones.
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FIL is reaching ₿ottom soon - We are approaching the stage where accumulation prices start to get interesting.
- After an 87% drop from ATH, it doesn't make sense for it to be a distri₿ution.
- The main trend line is overcome, we can see that this is not an impulsive dump ₿ut a slow decline.
- Wave C may take some time to reach the very ₿ottom, after which I would expect a sideways move with HH & HL
-Please leave a comment ₿elow the chart with your opinion on the matter. Thank you :)