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Filecoin

FIL / BTC - Potentially Strong Gains vs BTCFilecoin may complete an inverted head/shoulders here, with TP 1 and 2 visible as dark grey lines near the top of the chart. Volume has just begun coming in on the weekly chart, and it's clearly shown up in a big way. It looks quite similar to Ethereum prior to its move against BTC (and its new ATH vs USD). Ethereum weekly chart made an inverted head and shoulders, it had a fake breakout and then fell back below the neckline before finally breaking out for the real run. Filecoin could've been drawn exactly the same way before it made its initial move to its all-time high. Keep an eye on this one, it may just be getting started, and the previous high may have just been a small preview of what's to come. The wick on the weekly candle chart from when it exited the initial HSi was insane, see below:
Long
by dudebruhwhoa
1
FILECOIN:PRICE ACTION ANALYSIS|IS THIS READY FOR LONG IMPULSE ?⭐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. Who Are the Founders of Filecoin? Filecoin was founded by Juan Benet, who also created the Interplanetary File System. Benet is an American computer scientist who studied at Stanford University. After founding Protocol Labs in May 2014, he attended Y Combinator in the summer of 2014 with the intention of supporting both IPFS and Filecoin, as well as other projects. What Makes Filecoin Unique? Filecoin aims to store data in a decentralized manner. Unlike cloud storage companies like Amazon Web Services or Cloudflare, which are prone to the problems of centralization, Filecoin leverages its decentralized nature to protect the integrity of a data’s location, making it easily retrievable and hard to censor. Decentralized storage systems like Filecoin allow people to be their own custodians of their data, as well as makes the web more accessible to people worldwide. Since participating in the Filecoin network by mining and storing is directly related to winning more block rewards, Filecoin incentives participants to act honestly and store as much data as possible Related Pages: Check out CMC Alexandria’ deep dive into Filecoin. We’ve also prepared a list of the 5 things that decentralized storage aims to fix. See terms you don’t know? Check out our glossary on Alexandria. How Many Filecoin (FIL) Coins Are There in Circulation? Protocol Labs describes Filecoin’s tokenomics, or economic model, as a “market for data” where users can sell their storage space to other users, who are looking to rent. Five stakeholders will be able to trade tokens: developers, clients, miners, token holders and ecosystem partners. There will also be three Filecoin markets, according to Protocol Labs: file storage, file retrieval and on-exchange token trading. In fall 2020, 400 miners participated in what was called the “Space Race” testnet phase, increasing Filecoin’s network data capacity by over 325 pebibytes; approximately 3.5 million FIL tokens will be released to the Space Race participants. How Is the Filecoin Network Secured? Filecoin is secured through proof-of-replication and proof-of-spacetime. In the Filecoin network, nodes that are also known as retrieval miners are in competition to serve clients with data as quickly as they can. They are then rewarded with FIL fees, which encourages a network of nodes that want to replicate and preserve files. Storage miner nodes are constantly competing for contracts to provide storage to clients to a specific length of time. When a storage miner and their client agree on a deal, the storage miner holds the client’s data in a sector and “seals” it to create a unique copy of that sector’s data. Storage miners are rewarded with FIL by clients as deal fees, and these miners can also mine blocks and receive a block reward. Where Can You Buy Filecoin (FIL)? Ahead of the Filecoin mainnet launch, Gemini and Kraken have announced support for FIL. Huobi will list FIL after the mainnet goes live. For more information about buying crypto, see CoinMarketCap’s easy guide here. Our most recent articles about Filecoin: Filecoin Suffered a Short-Selling Attack, Application Tokens on Public & Non-Trading Chains Led the Market: TokenInsight Weekly Market Review What Is Web 3.0? A Deep Dive Into Tokenization CoinMarketCap's 2020 Round-Up: The Good, The Bad and The Bitcoin 5 Things That Decentralized Storage Aims to Fix
COINBASE:FILUSDLong
by FOREXN1
9
Filecoin (FIL) Looking for another Leg Up?Based on the charts it appears that the massive bull flag that Filecoin has been forming is ready for another move to the upside. Recently, we've seen file coin completely ignore the BTC movements and continue it's uptrend while BTC is indecisive or even retracing to the downside. I'm bullish on Filecoin short term and long term but remember, THIS IS NOT FINANCIAL ADVICE. Trade at our own risk. I'm putting some small amounts to see what happens, if it breaks to the upside I'll add a bit more to my position. Happy Trading and Good Luck!
GEMINI:FILUSD
by iHeartData
1
FIL to $106?Hope everyone survived this ugly dump last weeks, and the market will recover soon hopefully. Filecoin seems to be getting ready to break up this triangle 📐 and if successful I think there is chance for run to 106 and even higher. This setup on FIL , provides great RRR 9.5! ENTRY : local high @ 69.23 SL : local low @ 65.25 TARGET : height of the triangle projected from midpoint of the local range (BUY STOP-LMIT - SL) @ 106.80 RRR : 9.5 INVALIDATION : when SL level hit Like👍 & Enjoy📺!
Long
by bizmark
9
Filecoin (FIL) - May 23Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (FILUSD 1W chart) (1D chart) We have to see if we can get support and climb on the 63.0641658-77.2749855 segment. We need to see if we can get off the downtrend line and climb along the uptrend line. If it falls, we need to make sure we get support at 47.1490963. In order to turn to an uptrend, it must be supported by rising at least 105.6966265 points. -------------------------------------- (FILBTC 1W chart) (1D chart) Due to the volatility around May 23rd (May 22-24), it remains to be seen if there is any movement that deviates from the 18899 Satoshi-23526 Satoshi section. In particular, we have to see if we can get off the downtrend line. If it falls, you can touch below the 14 371 Satoshi point, so you need to trade carefully. In order to turn to an uptrend, it must rise above the 23426 Satoshi point and gain support. -------------------------------------- It is advisable to trade at your average unit price. This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden. The center of every trade starts with the average unit price 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, so that the money that ultimately corresponds to the profit can regenerate the profit. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for the sake of convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the conventional 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 that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closing price when closed G2: Cigar at the time of opening (Example) Gap (G1-G2)
BINANCE:FILUSD
by readCrypto
2
FIL 12h Correction took place, where will next move?Another 1.5 months have passed since the publication of the previous idea for the FILUSDT trading pair The previous idea worked completely. And those who have listened to our idea and risked placing buckets for purchases in the $90-95 zone can already fix +30% profit. Future expectations: 1) If the descent of the FILUSD price to the $95-100 zone is smooth, then further growth to $177-180 can be expected 2) If BTC continues to fall and the alts believe it and will begin to fall even more, and the FIL price fixes below $85 , then you will need to place new buckets for buying in the $50-54 zone _____________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
by P_S_trade
26
FIL 12h Good growth, maybe it's time for a correction?)1.5 months have passed since the publication of our previous idea on FILUSDT When we published this idea with a 300% growth forecast and a maximum target of $110 , we thought there were many skeptics) But FILUSDT surpassed our forecast by another x2, reaching 200+$ Now we are on the alert that the FIL can go to the big correction and this is not an April Fool's joke. Corrective fall of the FILUSD price from the $232-237 zone into the first strong liquid zone below $90-95 is very likely. If you believe that the growth of the Filecoin project token cannot be stopped, then the chart shows the levels above for you. _____________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
by P_S_trade
28
Filecoin potentail swing trade set-upGood day fellow trader, Filecoin might be getting ready for a shift in momentum. We are at the low of the larger range, healthy correction 61.8. Close to support which gives a good risk-reward set-up. Buy up to $142 SL $119 The rest of the targets on the chart is mid-long term chart. There are interesting levels in between for profit-taking. Move SL once in profit as per usual. Monitor the daily chart for more confirmation, at the moment it's still not looking like a reversal. We are assuming the position might cause that in the upcoming days. Former high is almost $100 away. Which is already a substantial profit move if it happens. This is not Financial advice, Good luck to you all
Long
by CryptoDonkie