Filecoin: the most underrated DePIN cryptocurrencyFilecoin: the most underrated DePIN cryptocurrency.
DePIN = Decentralized Physical Infrastructure Networks.
Filecoin is a storage DePIN.
Storage is crucial for not just AI data storage, but for data storage in general, especially as the world is becoming increasingly digitized.
Filecoin is the best positioned storage DePIN project for the upcoming bull market.
It has liquidity, trust, and a real world-use case.
Besides, it's down 98% from its all-time-high.
I believe Filecoin will rise beyond everyone's wildest imaginations.
I expect Filecoin to reach the $20-$30 target before the end of Q1 2024. After a correction, it will slowly rise to a new all-time-high, probably some time in late 2024 or early 2025.
Filecoin
Filecoin Broke Out & Is Retesting! Filecoin DePIN Checklist!Filecoin Checklist:
1. Down 98% from ATH? CHECK.
2. Broke out of multi-year resistance? CHECK.
3. Is currently retesting that multi-year resistance? CHECK.
4. That multi-year resistance also has confluence with other significantly important technical levels? CHECK.
Namely, confluence with:
a. bull market support band;
b. middle weekly bollinger band;
c. major horizontal support level;
d. a range of higher lows!
5. There is hidden bullish divergence on the weekly chart? CHECK.
6. Filecoin fits the hottest narrative, which is DePIN (Decentralized Physical Infrastructure Networks)? CHECK.
7. Filecoin just corrected at least 40%, wiping out many degenerates and impatient plebs? CHECK.
8. Filecoin is on all major exchanges and has amazing liquidity? CHECK.
9. Filecoin is off peoples' radar? CHECK.
10. People hate on Filecoin for no reason, making it a lucrative investment/buy for smart people? CHECK.
COINBASE:FILUSD BINANCE:FILUSDT BITSTAMP:BTCUSD BINANCE:FILBTC TSX:FIL #filecoin #bitcoin #crypto #depin
FIL/USDT Pair Analysis - 4-Hour Chart
Certainly, here's the analysis for the FIL/USDT pair on the 4-hour timeframe, highlighting the emergence of buyers in the market:
FIL/USDT Pair Analysis - 4-Hour Chart
Dear traders,
I would like to share a recent analysis of the FIL/USDT pair based on the 4-hour timeframe, emphasizing the emergence of buyers in the market.
Overall Trend:
On the 4-hour chart, we observe a general upward trend over the past few periods. The FIL/USDT price has shown consistent upward movement, indicating increased interest from buyers.
Supports and Resistances:
Analyzing support and resistance levels, we note that the price has successfully held a strong support at in recent days. Additionally, the price seems to be approaching the key resistance level at , suggesting potential for further upward movement.
Technical Indicators:
Technical indicators such as RSI confirm the current bullish pressure. Buy signals from these indicators reinforce the positive outlook for the FIL/USDT pair.
Transaction Volume:
Another point to note is the increase in recent transaction volume. Increased volume often accompanies significant price movements, which could indicate heightened buyer participation in the market.
Market Sentiment:
Examining market sentiment, it appears that investor confidence has risen, often associated with increased buying. Discussions on social media and specialized forums also reflect growing interest in the FIL/USDT pair.
Conclusion:
In summary, the FIL/USDT pair shows encouraging signs on the 4-hour chart with the emergence of buyers. However, it's essential to remain vigilant and closely monitor the confirmation of this trend. Support and resistance levels as well as technical indicators should be closely followed to guide our next decisions.
As always, trading involves risks, and it's recommended to conduct your own analysis before making decisions.
Happy trading!
H.BENHARI
Update FILUSDTI would like to inform you of an important update regarding our recent transactions on the FIL/USDT pair. Unfortunately, we have incurred losses in our recent operations, impacting our overall performance. It is crucial to understand that trading involves ups and downs, and sometimes, even with thorough analysis, the market can move unpredictably.
The very nature of trading implies risks, and it is essential to remain realistic and disciplined. Accepting losses is an integral part of the trading process. It's a lesson we all learn at some point. Financial markets are dynamic and can be influenced by various factors, including unforeseen events.
Our commitment to transparency remains intact, and I want to emphasize that every transaction, whether winning or losing, is an opportunity for learning. We will analyze the reasons behind these losses in-depth and adjust our approach accordingly. Trading is a continuous journey of improvement, and we are determined to draw lessons from each experience.
Remember that risk management is crucial in trading. It is recommended to diversify investments and never risk more than you can afford to lose. Patience and discipline are critical qualities for long-term success in financial markets.
Thank you for your understanding and continued support. We remain committed to achieving our long-term financial goals while learning and adapting to evolving market conditions.
Best regards,
FILECOIN ($FIL) - Run it up to the highsFilecoin is developing a long setup if the criteria is met - that is hold the MS break level (keep bullish structure in tact) and reclaim the macro range eq (black dashed line EQ).
So long as it manages to do that, it will push the highs once more. At that point we monitor to see if it breaks out of the downward diagonal and pushed HTF Resistance or if another correction is due, but let's not get ahead of ourselves.
First thing is first, maintain our current low and begin to put in strength soon.
Otherwise I think we revisit Q1 level (lower range quadrant).
Watching this closely over the coming week.
Vatsik
trade by priceaction R/1.5(FIL)📊Analysis by AhmadArz:
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FILUSDT Analysis Update Dear traders and investors,
I would like to share an update on my recent analysis of FILUSDT, incorporating the Fibonacci method to reinforce my bullish view.
Technical Analysis:
Overall Trend: The overall trend of FILUSDT remains bullish, in line with my previous analysis. Signals continue to suggest potential upside in the upcoming sessions.
Key Fibonacci Levels: By applying Fibonacci retracements to recent price movements, we can identify key levels that confirm support at specific levels. These levels can serve as entry points or confirmation for trades.
Current Retracement: Currently, the price appears to be undergoing a retracement, possibly nearing a key Fibonacci level, indicating a potential reversal point.
Trading Volume: It's crucial to monitor trading volume during these price movements. Increasing volume during upward moves would strengthen the likelihood of a trend continuation.
Next Steps:
Confirmation of Levels: Wait for confirmation of the identified Fibonacci levels before making significant positions. Confirmation can come through reversal candles, signals from technical indicators, or a significant increase in volume.
Risk Management: Ensure proper risk management strategies are in place, setting stop-loss orders to protect your investment.
News Monitoring: Keep an eye on market events and potential announcements that could influence price movement.
Conclusion:
My optimistic view on FILUSDT persists, and the use of Fibonacci reinforces this perspective. However, the market is dynamic, and it's essential to adjust your approach based on new information. Stay vigilant, follow market developments, and adapt your strategy accordingly.
As always, it's recommended to consult multiple sources of information and, if possible, seek advice from a financial professional before making significant decisions.
Happy trading!
Trade powered by pricaction(FIL) 📊Analysis by AhmadArz:
This power backtest...
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💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
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FIL BUY SETUPIt has a structure that can pull back upwards.
The green area of the swap is a good place to take a buy/long position.
Fixing a 4-hour candle below the swap range will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Filecoin Is Officially Dead Another Chinese Coin Down the Drain!Filecoin Is Officially Dead Another Chinese Coin Down the Drain!
Imagine there are people who bought this at ATH for $230 and now it isn't even a lousy $10!
Many people recently bought this because of shiller Arthur Hayes, they will be very sorry, too for falling for that charalan!
If you want to prevent losing money follow me.
Filercoin will go to $0.10!
Is Filecoin Going to $0.10 (10 cents)? 99% Crash Coming?Is Filecoin Going to $0.10 (10 cents)? 99% Crash Coming?
Filecoin had a BIG TIME rejection. I have warned people! But they alufed at me.
I think filecoin can go to $0.
If you have bought filecoin above $10, chances are 99.4% you will never even break-even, which is shocking considering some people have bought this at $230!
The fact that this coin was $230 and today can't even be $10 after massive bull run, speaks volumes! $0.10 is realistic!
FIL Potential to Increase to $15.6 in Q1 2024FIL Potential to Increase to $15.6 in Q1 2024
Please accept our apologies if this is a mistake.
I see FIL coin has the potential to rise to a price of 15.6 dollars for Q1 of 2024 or maybe more than that.
For the reason there is a triangle pattern over a larger period of time and other reasons present in the video. And at this time it has gone out of the daily trend line.
SasanSeifi 💁♂FIL / 3D ⏩ 6.50$ / 7$ As you can see, in the long-term 3-day time frame, the price has been rising from the demand zone to the liquidity zone. Then, after liquidating the buyers, after a partial correction, it was able to rise again from the price zone of 4.20 USD to the price zone of 5.22 USD. It is currently trading at the price zone of 5 USD. In the medium term, there is a possibility of further growth.
A scenario that we can consider is as follows: if the price remains in the price zone of 5/4.70 USD after ranging, it will continue to grow further to the target zones of the liquidity zone of 6.40 and the supply zone of 7/8 USD. In the case of growth, to better understand the continuation of the movement trend, we need to see how the price will react to the supply zone. In addition, if the price penetrates below the price zone of 4.50/4.70 USD and stabilizes, the price may face further correction.
🔵Remember, always conduct your analysis and consider other factors before making any trading decisions. Good luck!"✌️
❎ (DYOR)...⚠️⚜️
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