Filecoin
FIL - Trade setupHere's a quick look at FIL 1 hr chart. The price has been forming a symmetrical triangle and watch for a breakout. FIL could go up to 110$ in its next run to the upside!
The idea is: Buy the breakout from the level shown in the chart and sell at the target areas shown in the chart.
Targets:
1. 91.7$
2. 96.5$
3. 110$
Follow me for daily trading setups
BTC dictates the market. If BTC goes down, then the alts will take a hit. Trade safe!
FILUSD hit 2 targets in less than a week!As you can see FILUSD has achieved 2 targets till now as mentioned before with 86.34% profit. On 4hr chart, I can see the price undergoes #consolidation for #correction from level 2 while it represents 0.618 Fib. the correction will continue for more #accumulation till break out and confirming above #trendline to achieve the last target. I will update once the #price breaks out!.
Good luck #filecoin traders..!
Filecoin potential long scenariosFilecoin is another one of the new Grayscale products. In my opinion file storage coins like Sia, Storj and Filecoin could be doing well as the next 'theme' of the market. Be careful with filecoin however due to its high inflation rate, so have it only for short term trades, not long term holding.
FILUSDT showing strong bull signal!FILUSDT (4HCHART) Technical Analysis Update
Resistance Breakout
FIL/USDT currently trading at $55
Long Entry-level: $52.00 - $55.00
Stop loss: below $48
Target 1: $75
Target 2: $100
Target 3: $150
Target 4: $200
Max Leverage: 2x
ALWAYS KEEP STOP LOSS...
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FIL - Bottom Nears - 46% PotentialFIL/BTC has been consolidaing for nearly one week after growing 34%.
Support: 0.000738
-This hits at the FIB .618
-Stochastic approaches zero (white).
-I'll look for a flattening of the histo
-This also coincides with EMA 100 (purple)
Resistance: 0.00108 - 46% Potential
-I'll be looking for FIL to conquer EMA 55 and push through faster EMAs (8-13-22) for strong growth.
Filecoin (FIL) - March 9Hello?
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We have to see if we can get support at 40.4627 and climb above 42.9236.
If it falls, you need to make sure you get support in the 38.2383-40.4627 range.
If you move down at 38.2383, you need a short stop loss.
If it does not fall below the downtrend line, further gains are expected.
It remains to be seen if the volatility around March 11 could move up along the uptrend line.
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** 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)
💡 It's a great buy opportunity in FILBTC @Filecoin @bitcoinTrading suggestion:
. There is a possibility of temporary retracement to the suggested support line (0.0006860). If so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. FILBTC is in a downtrend that we assume will break up, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 42.27.
Take Profits:
TP1= @ 0.0007900
TP2= @ 0.0008690
TP3= @ 0.0009600
TP4= @ 0.0010300
TP5= @ 0.0011185
SL= Break below S2
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💡 It's a great buy opportunity in FILBTC @Filecoin @bitcoinTrading suggestion:
. There is a possibility of temporary retracement to the suggested support line (0.0006860). If so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. FILBTC is in a downtrend that we assume will break up, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 42.27.
Take Profits:
TP1= @ 0.0007900
TP2= @ 0.0008690
TP3= @ 0.0009600
TP4= @ 0.0010300
TP5= @ 0.0011185
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 trader?
Now, It's your turn!
Make sure to leave a comment. Let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
$NCTY Purchased Filecoin Mining Machines for US$10 millionThe9 Signed a US$10 million Framework Agreement on the Purchase of Filecoin (FIL) Mining Machines.
The9 had already purchased and deployed Filecoin mining machines, and Filecoin mining has been started. Currently The9 owns an independent node on Filecoin blockchain and 8 Pebibyte of effective storage mining power in the Filecoin network.
The9 will continue to purchase Filecoin mining machines under the Framework Agreement based on the trend of Filecoin price and Filecoin's economic incentive model.
finance.yahoo.com
FILECOIN correction seem to be uncompleteHi!
It looks like that we are in WXY structure and one more leg down is missing
If my assumption is right, 32-34$ will be perfect zone for accumulating long position(we also have 61,8+161,8 Fibo levels there)
But also we can easily start skyrocketing 🚀 from here. Market generally is very bullish
Trade safe and simple 😎