Filforecast
$FIL / USDT Forecast (10->15->19->$25)I consider it as having broken the downtrend for almost 9 months and retested at the next candle in the daily.
Possible possible targets
TP1 = $10.3
TP2 = $15.9
TP3 = $19.4
TP4 = $25.0
I plan to update this chart from time to time over the medium term. My views are of course not investment advice.
FIL 1D Upward growth cannot be avoidedA year ago we made a forecast on FILUSDT where we estimated a possible bottom and buy zone.
It was good work then, and then we made a whole series of accurate forecasts for FILUSD
And all because it seems to us that there is a powerful MM sitting in the coin, which quite technically moves the price. Anyway, if you want to read about the project and our thoughts on it, all ideas are open in our search engine on tradingview.
And now to the current situation. It seems that now there is pro-trading and searching for the bottom, similar to last year.
The only question is: does the consolidation end now and the price goes up in the green fractal, or will it continue going through another month and enter the blue fractal?
It turns out that the first growth target for the FIL is around $80 , which is x2 of the current price.
The global growth target above the maximum price is around $370 (we don't take into account squeezes that took place at listing on many crypto exchanges in 2020)
Write your opinions about possible Filecoin token price movement in comments under the idea and share your charts.
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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 and comment" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
FIL 1D There is still some room for upward price movementThe goal from the previous idea for the pair FILUSDT worked out completely and even more.
Who read and listened to our thoughts, could fix at least x2.5 profit within 2 months, or even more for this position).
Today we decided to update the idea of FILUSDT, as there can still be an interesting upward movement.
If in the next 1-2 days, the buyers will keep the FIL price in a narrow range of $110-120 , there will be a very big chance to make a strong impulse upward movement of the Filecoin price.
The zone, where it would be better to completely cover the FILUSD longs and look around, is around $130-160 . And you should pay special attention to the behavior of FIL price near $130 and $160 levels.
And then we can expect the FILUSDT price correction to the liquid zone from below, which is in the range of $60-70
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FIL - 1D. Tasty buy at $35 - tasty sell at $100A powerful explosion of liquidity in February 21 at the price mark of $35-40 began a new era in the FIL market. Just one month of confidence, optimism and aggressive growth gave Filcoin investors 400-500% profit. However, in almost the same time period, the FILUSDT price plummeted and is again approaching the powerful level of $35-40. How many investors have managed to fix profits at historic highs is a rhetorical question. However, in reality, an interesting question - is it worth expecting at least local optimism in the FIL market over the next 2-3 months?
As we can see on the chart, the FIL began its decline on April 1, right after the establishment of an all-time high at $238 . A month of price consolidation in the range of historical highs , low volumes and weak buyers gave sellers confidence to continue the downward trend.
The first critical point that sellers took control of was the mark of $130 . Having broken this mark on May 13, stop orders of all buyers who bought in consolidation during the April May period were triggered. This fact helped sellers to lower the FILUSDT price by 55% over the week.
The first stop of the FIL price after a total fall took place at $55 . However, the decline began to slow down earlier - from the mark of $97 . A fall wave of the type of May 13 does not stop at one point with a sharp reversal in the other direction. Such a powerful train of death must be stopped gradually. Even the mark of $55, which buyers guarded pretty tightly during May-June 2021, could not resist. On June 21, sellers renewed their locallow and the trend shows that this is not the end.
The aggressiveness of the falling trend has dropped significantly, local lows are updated more difficult each time. However, the continuation of the fall to the level of $35-40 is a very real and natural scenario.
There are also advantages of the current situation on the FIL market . First, the slowdown in the fall in the FIL price occurs at high volumes. This fact indicates the interest of large buyers to keep the price. Also, the transition of the downward trend to consolidation indicates that the market is preparing at least for an upward correction.
The first target of the local price rebound upwards is the mark of $97. Imagining how many investors are stuck in unprofitable positions and are waiting for at least the first strong level, we do not think that the first time buyers will be able to take control of the mark of $97. However, a 160% increase in the face of a likely change in trend in the cryptocurrency market is a remarkable result.
The high probability of testing the $ 35 mark is also confirmed by the FILBTC chart:
On the chart, we can see that the price is moving in a clear downward channel, which is correcting the upward wave. If the cryptocurrency market continues to fall, the FILBTC price may well fall another 35%. However, even this fact will not reverse the global growth trend that began on the FILBTC market in January 2021.
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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
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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 :)
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 :)
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.
_____________________
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 :)