FILE LONG TRADE PLANMarket Instrument: FILE
Timeframe: Daily
Analysis: Technical
Structure: Support Level and Falling Wedge
Prediction: Bullish
FILE has gone on a complete wipe-off on its gains since February 2021. And We are on a very important price level which created huge buying pressure to push the prices heavily to the upside. The buyer's interest in alts are fading away these days with the bearish conditions of Bitcoin and weakness in the stock market. I here spotted another important structure that shows a falling wedge, A breakout on this can give us a good sign for the bullish minds with FILUSDT. If we can confirm a possible reversal and a breakout to the upside on the structure we caught up, we have a great potential of revisiting the prices above $100 once again
Filecoin
Ethereum Daily TA : 01.09.22 : $ETH As you can see in Daily chart of #ETHEREUM , we see that yesterday the price broke its first support range and today is stabilizing below this level, the next bearish target (important support) is in the range of $ 2700 to $ 2900.
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 09.Jan.22
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Filecoin Weekly - Are you invited to the pump party?So Filecoin to many is a coin that had a great promotion campaign at one point and it went on to do some great numbers. The hype died down as some people couldn't seem to justify it's high price. It peaked at $231 from Feb 2021 - Mar 2021 doing just over 10X from the $20+ is started from.
At this point we didn't even know about this coin or it's use case. Information storage is and will be even bigger going forward so this makes Filecoin worth acknowledging at least.
When File took a dump with the rest of the market it held the $39 level but crucially recovered most of the (Green) Manipulation candles that too it to the 200's and then proceeded to make a trip to the 100's peaking at $111. Once again using manipulation candles to complete the latter part of the journey. The top green instantly recovered by a red, followed by a failed retail candle and a Purple, indicating further downward movement.
2nd Aug-9th Aug We entered at $50 and was out at $75 (50% gain) called it a day and missed the rest of the run to $111. But what we saw was worth way more than enjoying more "fake pump." What we did instead is label up the chart to see where we could possibly get a very Special entry price for if Filecoin is invited to the next pump party.
The only reason we are sharing this idea is that after waiting patiently for 4.5 months, Price is finally approaching Our "FLOOR FLOOR FLOOR" buys line. (blue line at $24.30) Furthermore, it is recovering a Green Vector candle ($24.2-$33) from where it took of in the first place and lastly we have a double green dot on the VMC indicator (weekly).
(Beware of weekly embedded to the downside since NOV)
I meeeean, just saying, we would much rather be in at a price close to the one that it did 10X from early 2021 then be trying to FOMO in like most people. It worked at $50-$75 but it will not always play out like that.
So in summary, There are some confluences telling us that if File is to pump,we can at least expect it to try and recover the (Red) Vector candle at the HL ($110-$113)
But in Crypto, especially as most if not all depend on BTC/ETH/BNB,etc to do well for them to follow suit. It is always a waiting game when the beast that is BTC is sleeping or retreating(barring a few exceptions here and there)
We are potentially looking at:
E: $23-$28 (if it cannot break $30 we will settle)
T: 1) $50 2) $75 3) $100 4)$140 5) $160
SL: Common sense
Now this is definitely not financial advice and should be taken with a pinch of salt!
FILECOIN - Long Bullishness ahead!As you can see the accumulation during this phase of the end of the year, continuing 2022 right now on early January. It's like the accumulation previous the big rally that FIL had. The structure is almost the same identical, even the RSI is so identical like the last accumulation.
Just Hodl. Fracture of the last rally tells us about huge movement upside. Lets see how it goes in shaa Allah.
FIL - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow.
FIL is sitting around a strong demand zone in green so we will be looking for buy setups.
on DAILY: FIL is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated , FIL would be overall bearish can still trade lower till the lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
FIL in Trading rangeMost altcoin are in trading range as bitcoin have not been showing enough strength, one of them is FIL.
FIL should break the trading range unless more correction would be on the way ahead.
as the market growing up, projects need more space to save their data.
be patience and watch how this field pump through this year .
currently Fil is around a good recovery point.
💡FILUSDT ANALYSIS💡Hi friends
we look at the graph log crab bog formation (deep crap) has formed case ISL as .Momemt I arrive but present in the graphic input and TP levels
Processing Input level: 40.81
TP1: 51.08
TP2: 55.36
TP3: 69.78
STOP LOS :32,38 Based on my own money risk management
These kinds of transactions are very risky when it comes to risk money management.
IT IS NOT INVESTMENT ADVICE.
If there is something wrong with the formation , you can find a warning.
EDUCATIONAL
Crab Pattern Crap Pattern
XA/AB= 0.382 to 0.886
AB/CD= 0.382 to Between 0.886
BC /CD= 2.24 to 3.618
XA/CD= 1.618
SXPUSDT Daily TA : 01.01.22 : $SXPAll supports and resistances are marked on the chart. As we can see, the price is in an important range and recommended to keep an eye on it ...
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 01 . 01 .2022
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️