Filecoin
Filecoin is a Shitcoin and Will Drop MassivelyIs Filecoin a scam shitcoin?
Showing massive weakness while the rest of the market is going berserk.
Reason:
When during a massive, market-wide bull market everything pumps massively but your asset in the same category does not, it means you're holding a garbage asset that will continue to underperform for the duration of the bull cycle.
Many coins in the same category as filecoin, such as helium and pocket network, have done 400% - 1000% in recent weeks, while filecoin is struggeling with an age-old resistance. If filecoin does not break out within the next 24 hours, you can rest assured it will be the shittiest coin to hold for the next year!
Filecoin Fast Play- All in graphic
- Short time Trading with Price Action.
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Trading Parts
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Don't buy now !
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Method 1 : if Filecoin retrace
- Buy Around 3$
- Sell Before 6$
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Method 2 : if Filecoin Breakout
- Buy After 6$
- Sell Before 9$
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- Easy Right ?
- i repeat again : DO NOT BUY NOW.
Happy Tr4Ding !
Filecoin Double Top: $0.50 nextFilecoin has proved itself to be a shitcoin. Every DePIN coin has pumped massively, but Filecoin has been left behind. This is a very bad sign. The daily chart shows a double top pattern. I think Filecoin will drop 90% and go below $1 soon. It's quite sad because some people bought this coin for $200 or higher. They basically lost 100% of their investment with no chance of recouping even 5% of it.
#FIL/USDT#FIL
The price has been moving in a downward channel since last April
The downtrend for that channel was broken at $3
It is the same strong support area
The price has gained nearly 200% so far
Supported by oversold on MACD
It is supported by the moving average 100 break of 1 D Frame
Current price 5.5 $
First goal 7.06 $
Second goal 9.11 $
The market's upward momentum will lead us to the expected targets
But be aware that there are some corrections
FIL/USD Poised for Upward Movement Post-OB Rejection? 👀 🚀💎 Paradisers, focus on #FILUSDT as it displays a promising trading pattern. After experiencing rejection from a bearish Order Block (OB), it is now regaining upward momentum, indicating a strong likelihood of an upward movement following a successful breakthrough above the OB level.
💎Delving into #FILECOIN past market behavior, it has shown a consistent pattern of navigating a descending channel, breaking above, and then initiating an upward trend. Recently, after encountering resistance at the Bearish OB level of $5.755,#FIL retraced to a support level where it previously exhibited a Market Structure Shift (MSS). It’s now showing signs of regaining upward momentum to challenge the substantial supply level above at $9.168.
💎 However, in the ever-changing landscape of cryptocurrency trading, it’s essential to prepare for various possibilities. If #FIL struggles to sustain its current upward trajectory, attention should shift to potential bullish continuity from the support level of $4.228. A descent below this pivotal level might suggest a more significant downward trend. 🌴💰
FILUSDT Forms Spectacularly Bullish PatterAfter Nearly Two Months of Patient Accumulation, BINANCE:FILUSDT Shatters Consolidation Structure, Piercing the 100-Day Trend Line!
Anticipating a Bullish Pullback to the Demand Zone:
Alternatively, We Can Anticipate a Bullish Surge Following a Brief Consolidation:
whether you agree or have your own insights, share in the comments.
SasanSeifi 💁♂ FIL/USDT DAILY ⏩ $4.30 / $4.50
In the daily time frame, as you can see, the price has experienced growth, moving from the demand zone and breaking through the $3.50 resistance, reaching the price range of $4. Currently, it seems like the price is in the process of completing a pullback.
What we can expect is that, after gathering liquidity and with a confirmed confirmation, the price may grow from the liquidity void area back to the $4 price range, as indicated in the image above. The significant support levels in the daily time frame are $3.50 and $3.
🔵Remember, always conduct your own analysis and consider other factors before
making any trading decisions. Good luck!"✌️
❎ (DYOR)...⚠️⚜️
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!
if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌✌
15-Minute Technical Analysis of FilecoinWe can observe a 15-minute demand area that shows promising confluence with a trend line. If the price manages to hold this zone, we can anticipate the continuation of the uptrend. However, it's essential to keep in mind that if this area is breached, a reversal in the 15-minute timeframe may be expected.
FIL/USDT potential move? 👀 🚀 FIL Today Analysis💎 Paradisers, gear up for a promising prospect with FILUSDT as it firmly anchors to a crucial support, signaling a potential bullish shift.
💎 In our past assessments, FILUSDT displayed a pattern of descending channel movement. However, post its breakout, it embarked on an upward trajectory, only to face rejection from the overhead supply.
💎 Currently, it's revisiting the descending channel, which intriguingly now serves as a support. Our analysis suggests a strong likelihood of the price challenging the supply zone once again in the upcoming sessions.
💎 On the flip side, should FILUSDT fail to sustain its momentum above the support and breach it, brace for a notable downward movement.
💎 Remember to employ prudent trading strategies and use proper stop-loss measures! Stay alert to market movements and look forward to more insights
FILUSD working on a potential inverse head & shoulders breakout.First candle above the neckline is rarely the candle that confirms the breakout, but if we can get the current candle to close above the neckline as well as 1-4 more candles the probability of a breakout increases quite a bit with each additional candle close. For now w are still working on even getting our first candle close above the neckline but it does look promising. *not financial advice*
Zcash Kraken Perpetual Futures Pump Cycle HopeBrave, Electric Coin Co. (ECC), and Filecoin Foundation announced they have partnered to bring new innovations to the Brave ecosystem.
Brave revealed plans to integrate the Zcash protocol into its built-in crypto wallet following support from ECC.
The trio will also work together to roll out a new, privacy-based messaging feature on the browser.
Following efforts to further enhance its privacy schemes, Brave, a blockchain-based browser has announced a partnership with Electric Coin Co. (ECC), and Filecoin Foundation.
According to the announcement, the partners will work together to create cutting-edge innovations targeted at bringing new privacy features to the Brave browser and its integrated Web3 wallet.
ECC Empowers Brave to Integrate Zcash Protocol
As the platform behind Zcash, ECC's partnership with Brave will see the latter incorporating the Zcash protocol into its built-in crypto wallet.
Will the Filecoin exchange rate start soon? FIL/USDFor me, I really like this setup on the FIL chart. I think we should see a price action within a few days, just like the OG I shared earlier.
We can see divergences on both the FIL/USD and FIL/BTC charts.
With a huge space up. And FIL has been very oversold for quite some time now.
In addition, new partners appeared, to which the exchange rate has not yet reacted.
This trading is not investment advice. Weigh your options. Do your research on this.
I think it's a good setup. And this is an unmissable opportunity.
Which can spoil things if bitcoin suddenly goes down. (But now, in the short term, I think that the price movement of bitcoin will allow the price action to go up.)
I see the exchange rate as a time bomb that is about to explode.
We'll see.
Be careful
FILUSD where to buyHi Traders
We were bullish on Filecoin but now as the sentiment has changed, we see a potential drop looming in the shadow.
If it happens, we expect Filecoin to retest the bottom one more time.
We will be buyin Filecoin between 2,40$ and 2,80$.
If previous all time low is taken, then we would expect Filecoin to drop even lower, however now we don't expect it (not yet).
Buying at the green zone may be a great entry for a swing trade.
Exit would be around 9,40$
Make a note that it's a mid-term or even long-term idea and reaching 9$ may take even a year if we get a prolonged accumulation period.
Good luck
FIL/USDT 4H: ready for short positionIn the daily time frame, we can see that after breaking the trendline, it could not cross the static resistance (flip zone) and take back the last top
Weakness in price stabilization is evident
In the 4H time frame, we have an upward trend line that the price has penetrated twice and is currently moving tangentially with it. There is also a support zone that has prevented the price from falling
If the trendline and the support zone are broken, we can enter the short position in this area in pullback (according to the drawn scenario)
FILUSDTBINANCE:FILUSDT LONG
⚠️Note:
In this type of signals, only the entry point and trade direction are specified, and stop loss and target are not determined.
If you are interested in entering these signals, please provide a stop loss and a logical market-based target.
⛔"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help.#DYOR"
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FIL: Ascending Triangle BreakoutFilecoin (FIL) technical analysis:
Trade setup : Bearish breakout from Ascending Triangle, in the direction of existing downtrend, signals further downside risk. Price has now also broke below $4.00 support and the next major support is around $3.00 where it bottomed in June.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance : Nearest Support Zone is $4.00, which it broke, then $2.75. The nearest Resistance Zone is $5.00, then $6.50.