I'm back at TradingView, with FileCoin 👋Hey folks I'm back with a good and quick analysis.
FileCoin is in a good situation for investors. I repeat investors not traders. Because it's gonna have its ups and downs but good TA position and great FA.
So by managing our bag, we can take some profit by holding it in two steps.
You have every detail you need on the chart so check it out.
I wanted to add something more to this idea:
We're in the bloody September so be patient and let's skip this month and wait for October 'till end of the year for a lot of exciting journey..
And by the way, I like to see your opinion about the analysis and any question you got, so feel free to leave them in the comment section. And if you find this analysis useful share it with your friend so they can take benefits from it.
Filecoinforecast
FIL / BTC - Update on Proposed Path - CupsUpdate on previous idea, still believe we are forming a cup. That cup went a bit lower than expected and is getting dragged out further. Sometime towards the end of the year or early next year, I believe we'll either form a double top or break our high from April 1st.
On the way there, we may form two inverted HS - a smaller one stopping at 0.00179 -> 0.00144, then to 0.0023 and eventually 0.0025. The larger one stopping at 0.0025 -> 0.00179 and then to 0.00289 or 29.
Proposed paths don't always work out, but when they do they can be great to formulate a trading plan. Let's see if this one works out, and we'll continue to adjust to any major changes.
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!
FIL 1D We can expect another +200-300% growthWe haven't written a global FIL overview for a long time. The latest global review clearly worked out the fall from $31 to $21
This point was at least last year.
After that, there was a grueling 2-month consolidation and accumulation of positions by the players.
But after the consolidation, a frenzied upward impulse awaited us. We also warned about it in ideas.
Now what?
Now we have a consolidation of prices before a possible continuation of the upward movement.
Levels from which the FILUSDT price may start moving up: $42, $35-37, and $33
Accordingly, the top targets for FILUSD growth, which are worth remembering, are $75, $85, and $110
If you remember how FILUSDT was pumped from $20 to $400+ last year when the Top Exchanges started listing it, then the scenario looks very realistic.
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