#FIL/USDT#FIL
The price is moving within a descending channel pattern on the 1-hour frame and is expected to rise after it has been largely committed to it
We have a downtrend on the RSI indicator that is expected to break upwards and we have a trend to stabilize above it
We have a major support level in green at a price of 4.00
We have a trend to stabilize above the moving average 100
Entry price 4.15
First target 4.32
Second target 4.46
Third target 4.64
Fillong
Has Fil Coin's upward trend started ?It is observable that we are in an ascending triangle.
In the previous two instances, the price has moved from the support trendline to the resistance trendline.
If this happens again, can we expect a 300% increase in the next 100 days?
What would you like to see happen?
For the first target after breaking the $6.26 range on the daily timeframe, we can consider $8.
I will explain in the next updates how we can proceed.
Please note that the final target is in the range of $20.5 to $22.5.
This chart is just my analysis and I never give financial advice.
You are the decision maker and you should do your own research.
FIL Pump To 24 % ?After a 40-day consolidation period within a box range, a breakout opportunity may be imminent. However, a crucial decision arises:
High-Risk Entry vs. Optimal Entry Point
The $6.37 support level provides a risky entry point, but could also be an optimal entry. Conversely, the $6.72 resistance level could provide a more conservative entry, but the price may have started to rise from $6.37 and we may not be able to make a decent entry in the $6.72 range.
Keep in mind that RSI it is in a range that can cause a strong upward movement
Your Entry Strategy:
The decision of where to enter the trade lies with you, exercising sound capital and risk management principles.
Disclaimer:
This analysis solely reflects my perspective and should not be construed as financial advice. The responsibility for any profits or losses rests solely with the individual trader. I merely identify potential entry points for consideration.
FILUSDT long spot trade / after the last correctionafter the last correction CFX break the Base Channel and entered wave 2 territory, and as I see BTC and ETH not complete there correction wave yet, and the same case with most of the other Crypto, so that mean that the price will go deeper, which make our 5 impulse Wave Idea invalid.
FILUSDT Elliott Wave Technical Analysis
Mode: Corrective
Structure: Extended Flat
Position: Wave (c) of (X)
Direction: Wave (c) of (X) is still in play
Details: Wave (c) is still in play which I expected to be end around 4.2-3.4 which will be my entry point.
Next Direction: next higher Degrees Wave (Z)
Targets:
10.4 with 170% profit
11.8 with 200% profit
the area between 12.9-13.1 with 240% profit
Wave Cancel invalid level: Daily closing below 2.7 with 30% loss
Disclaimer:
This analysis is intended for educational and informational purposes only and should not be construed as financial advice. Always conduct your own due diligence and consult with a professional financial advisor before making investment decisions.
Closer look on the current correction wave on the 1D Frame:
FILUSDT long spot tradeFILUSDT Elliott Wave Technical Analysis
Mode: Corrective
Structure: Extended Flat
Position: Wave (4) of (c)
Direction: Wave (4) of (c) is still in play
Details: Wave (4) is still in play which I expected to be end around 7.8-7.1 which will be my entry point.
Next Direction: Wave (5) which will complete the next higher Degrees Wave (c) and Wave(Y)
Targets:
13.2 with 70% profit
15.4 with 100% profit
if it break this level and continue going up the next targets will be between 16.6 -17.1
Wave Cancel invalid level: Daily closing below 6.5 with 15% loss
Disclaimer:
This analysis is intended for educational and informational purposes only and should not be construed as financial advice. Always conduct your own due diligence and consult with a professional financial advisor before making investment decisions.
Filecoin - A Stunningly Bullish ChartCRYPTOCAP:FIL
This chart is one of the easiest layups I've seen, not solely in TA but the fact a where it sits while the BTC ATH has been been breach prior to the Halvening
This is the textbook Ted Warren perfect buying pattern, combined with a Wyckoff accumulation schematic after a perfect 5 wave from the 2020 top.
Since then PA has presented an incredibly bullish momentum breakout, exhibiting mammoth volume at exactly the right place seen through on the OBV which has already flown far past the pervious ATH.
Do what you will with this information, I know I have.
FILUSDTPERPThe comments and recommendations contained therein are based on the personal opinions of those who comment and advise. These views may not be appropriate for the financial statements and your risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not yield results that meet your expectations.
FIL LONG SETUPMarket just broke a a downtrend and formed a bullish triangle pattern and broke it upwards and closed 3 candles above the pattern, now it is doing a retrace if after a retrace we get a candle closed above 26.60 zone that is our signal to entry
Entry: 26.60
Invalidation: 23.58
Both targets are at liquidity zones.
Target 1:33.58
Target 2: 41.30
FIL is at a very good Price to Long 07/02/2021Price Action analysis shows us that the price is under valued as compare to other cryptos so it can face some pomp in the near future as we are in the altcoin season currently when the big dominance holders loos their dominance
strong Buy suggestion
what do you think?
FIL/USDT looks ready for a runSummary:
1. FIL looks ready to make a bullish run. The 45m chart shows a potential upside in the high 80s.
2. The daily log chart looks even better for a medium term play (4-8 weeks) with potential for price to break above 100.
Chart:
- 45 minute
- Modified pitchforks to include 0.382 and .618 Fib lines
- Negative extrapolation for pitchfork anchor points
- Experimental pitchfork grid system