Filecoin
📰 FIL- Symmetrical triangle bottomThe price is currently bottoming inside of a symmetrical triangle formation. This could be an opportunity to get some for mid/long term trade (there's strong resistance ahead so we can assume it's gonna take time to see some nice profits)
Entry: buy at current price down to 53.80
Long term targets:
TP1: 66.30
TP2: 80.52
TP3: 97.30
TP4: 121.30
TP5: 194.38
TP6: 240.54 (~320%)
TP7: OPEN++
>> !! Remember about risk management, DYOR and trade responsibly !! <<
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About FIL:
Filecoin 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. 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.
Source: coinmarketcap
BULLISH - FILFIl looks pretty amazing. Nice falling wedge on declining volume. Its going to break up to 120 soon it here on the daily. in the weekly BIG PICTURE(I will post this later), it looks like a giant symmetrical triangle formation getting ready to bounce to test the upper trend line of the pattern(around 90). When it breaks out of the big picture triangle, we will break to the previous high(240) Or to 301
FIL - Start of the next wave?FIL/USDT
1D/8H
Spot buying FIL here, respecting the major uptrend having formed a falling wedge breakout with the correction pulling into the golden fib and into a 4H demand zone, rejecting nicely off of it creating a pin bar on the daily and many rejection wicks in this area. On the 8H we have broke out of minor downtrend with high volume breakout as shown with the arrows and currently consolidating in the golden fib and demand zone. Daily MACD looks healthy showing momentum building up and close to crossing over centrline as sell side pressure on the histogram decreases
Using fib projection on the corrective wave the next levels where price should head towards is the golden fib (yellow zone), usually find price rejects and consolidates around this area before breaking through it and continuing onto the 1,272 and 1.618 respectively.
272% away from its high so a great swing trade if held onto during the next alt season which doesn’t look too far off based on other charts and analysis.
Fil is another ALT with great fundamentals for decentralised cloud storage, check it out here:
filecoin.io
FIL - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow.
FIL is approaching a support zone so we will be looking for buy setups on lower timeframes.
on H4: FIL is forming a trendline but it 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 green support.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Filecoin (FIL) - October 25Hello?
Welcome, traders.
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Have a nice day.
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(FILUSD 1W Chart) - Medium to Long-Term Perspective
Above the 47.149096 point: the uptrend expected to continue
(1D chart)
First resistance section: near point 89.435032
Second resistance section 156.373900-164.040019
Support section: 47.149096-53.975726
To continue the uptrend, you need to break out of the downtrend line.
As a result, the price should rise above the first resistance zone to maintain the price.
If it falls from the support zone, there is a possibility of entering the mid- to long-term investment zone, so careful trading is required.
However, it may touch the uptrend line and move up, so you should think about how to respond.
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(FILBTC 1W Chart) - Mid- to long-term perspective
Above 0.001544 point: expected to create a new wave
(1D chart)
It is important to be able to rise above the 0.001211-0.001437 division.
As it fell from the 0.001211 point, it is entering the mid- to long-term investment zone.
To convert into an uptrend, the price must rise above the 0.001211-0.001437 section to maintain the price.
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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 it is in an uptrend or in a downtrend, 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 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 the sake of 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 yet been released.
(Because it is not public, 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.)
MY NOT SO MINIMALIST ANALYSIS (Version 2) FOR FILECOIN $FIL
10.24.21
0829H +8 SINGAPORE
ALERT: MARKED ENTRIES and EXITS FOR A SWING TRADE
LOWERED CLUSTERED TARGETS
HOW TO USE MY CHART
It is designed for SWING TRADES at the BOTTOM. I do not SHORT (in support of all the DUMB-MONEY traders like me.) Though you can still use it.
Created on a WEEKLY & DAILY Analysis of Dynamics of the Market.
LARGE BOXES are major pivots that will occur, while the small boxes are MINOR PIVOTS. These can be entries to a BUY/ SELL POSITION or an EXIT/PARTIAL EXIT/TOP-UP AREAS.
Watch out for Chart Patterns, Candlestick Math, Market Dynamics, and your Fibs.
This CHART is best used without indicators. The MINOR and MAJOR BOXES (TOPs and BOTTOMs), together with
the market's price action and the above mentioned is sufficient enough as analysis when ENTERING AND EXITING TRADES.
Thank You for your appreciation and support (Follows, Comments, and Likes.)
DISCLAIMER:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as investment advice.
Filecoin bias bullish after it break the descending trendlineExcellent risk and reward ratio with this pair after it break the descending trendline indicating bullish momentum.
MY MINIMALIST ANALYSIS FOR FILECOIN $FIL
10.23.21
0739H +8 SINGAPORE
ALERT: MARKED ENTRIES and EXITS FOR A SWING TRADE
HOW TO USE MY CHART
It is designed for SWING TRADES at the BOTTOM. I do not SHORT (in support of all the DUMB-MONEY traders like me.) Though you can still use it.
Created on a WEEKLY & DAILY Analysis of Dynamics of the Market.
LARGE BOXES are major pivots that will occur, while the small boxes are MINOR PIVOTS. These can be entries to a BUY/ SELL POSITION or an EXIT/PARTIAL EXIT/TOP-UP AREAS.
Watch out for Chart Patterns, Candlestick Math, Market Dynamics, and your Fibs.
This CHART is best used without indicators. The MINOR and MAJOR BOXES (TOPs and BOTTOMs), together with
the market's price action and the above mentioned is sufficient enough as analysis when ENTERING AND EXITING TRADES.
Thank You for your appreciation and support (Follows, Comments, and Likes.)
DISCLAIMER:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as investment advice.
FIL - is this a good time to buy ❓❓Many have asked for technical analysis of the FIL coin.
Before the breakdown of the trend line, there was a very nice picture. Squeeze + movement in small bars, and eventually a breakdown of the level. Now a bad risk to profit ratio and therefore not the best time to buy. The price could go up or come back and test the trend line as support. If the price tests the trend line as support, it might be a good buying opportunity. It is also worth noting that the volume is up now.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
FILUSDT , We are near buy zone area ...Hello everyone
According to our last previous , that the market is fall down until here , and we have powerful trendline that we shown on chart and in there we have buy zone area for long position and spot trader to take some FIL until wait until the target reach
Our last analysis stop loss was activated and now we are showing new zone to buy FIL
Hey guys , 3 point :
1st , Dont forget use stop loss ( SL )
2nd , check the chart in multi-time frame
3rd , at first take signal then take position and buy or sell something
Follow and share us
Good Luck
Abtin
Fil It. Chart by CryptoKneeLooking pretty! Pretty good for an impulse up with a nice retrace to the golden corner pocket with some nice reaction off of the larger pitchfork. Bouncing from here would be an ideal setup but a break of the Pitchfork would not be a deal breaker completely. So watching for these bullish interpretations to play out.
FIL 's Triangle Break-UpLower trendline has been supporting Filecoin for almost 3 weeks, but it got rejected from descending resistance a couple of times. Considering the new dashed Dynamic support, RSI and MACD, I assume the breakout from the top is more likely. But still waiting for confirmation.
Trade Safe
Filecoins previous 2H chart run enlarged and compared to presentTook filecoin's previous massive spike, consolidation, accumulation period, blew it up and pasted it over our weekly chart to compare with where we are currently. If we repeated the same pattern on a larger scale, filecoin could go into a very long period of accumulation before it begins to run again.