If FIL/USDT Ready for a Giant Explosion to Reach $3.3?Filecoin price dropped hard in the past week after undergoing a significant upswing in the first few days of December 2022. Meanwhile, the price is currently consolidating within a decisive symmetrical triangle and reached the apex of the consolidation, beyond which a notable price action is expected depending on the volume induced.
Observations:
- Price volatility has slashed due as trading volume has slaughtered
- Bollinger bands experience a squeeze
- FIL price is testing the lower trend line and attempting for a rebound
Forecast:
- As the buying volume is failing to mount the required pressure, the possibility of a rejection occurs dragging the price towards the lower support at $2.88
- Else, if the bulls hold the price above the lower support, then the current consolidation is expected to extending, which may in turn extend the symmetrical pennant
- A bullish breakout, which is unlikely, may rise the price beyond $3 to reach $3.1
Crucial Support: $2.74 to $2.78
Crucial Resistance: $3.26 to $3.3
FILUSDT
FIL on all time low prices FIL / USDT
Price finally visited the all time low price (99% drop from the top) , It also act as strong support on high time frame
Still not enough reasons to rush in market conditions like this , but here we started to keep our eye on it
The long red dotted trend line is act as very strong resistance If breakout done on high time frame this could be a first sign of reversal
FIL/USDTWe are now in range 1 or maybe 2 (not clear) and only time will tell which range we are in. Whenever we reach range number 3, it will be possible to climb.
FileCoin is currently one of the biggest drops in the last year and you just have to wait until it reaches the 3 range. It is now testing its 2019 support.
Don't miss opportunity for short position FILUSDThello guys
we have a very good opportunity for Filecoin short position
as you can see it's going to touch the lowest level of the channel and the lowest level of all time
all you need to know is in the chart
good luck
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FILUSDT DIncredible as it seems, FIl has already corrected 98.54% and is at its lowest support since its existence. On the daily it formed a perfect triangle about to explode upwards. RSI indicating exhaustion of selling forces, indicating a good moment of entry.
Fundamentally, it goes without saying, it lets you store stuff without taking up space on your hard drive.
It is one of the altcoins that has suffered the most from the sector's crises, but which will undoubtedly recover.
On the daily its support is at 3,845 and its next resistances at 4,326 and 4,870.
FIL CAN DROP AGAINHello, dear traders. how are you ? Today we have a setup to SELL/SHORT the FIL symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Filusdt: Buy timeHello Traders!
Welcome back to another episode with Analyst Aadil1000x.
We are Buying FIL from the True reversal point with tight stoploss.
FIL Buy now
Stoploss 4.322(-0.7%)
Target 1, 4.415(+1.5%)
Final Target 4.49(+3.15%)
Don't forget to hit the like button and follow to stay connected.
Filecoin vs Tether Hits New Low, What Now? (86% to 245% Rebound)FILUSDT (Filecoin) moved below support hitting a potential stop-loss hunt zone... After the break below support comes a strong rebound, bear volume on the drop is very low.
This tells us that a recovery is of high probability.
As you can see on the chart, the trading volume that's more prevalent is green.
The first potential target is a higher high compared to November but still a lower high compared August, and that for 86%.
The charts can always change so do your own research/build a plan before you decide to trade.
If the bulls decide to come in with full force, then a higher high, not as probable but still possible, can take FILUSDT as high as the 1.618 Fib. for 245%+.
The stop-loss and more information is mapped on the chart.
All the fib. levels as well, which can be used as targets.
Namaste.
FILUSDT Simple Setup with good RRHello traders,
Based on the chart, we have good setup with short stop-loss.
Entry: market and lower
Targets: 4.6 and 4.8
after first target reached move ur stop in breakeven!
SL: ~4.04
Risk/Reward: 1 to ~5
Good luck!
Please, feel free to share your point of view, write it in the comments below, thanks!
Can we expect a sharp drop?!FIL has been trending in the range for the past few weeks. This currency's price decreased to $4 after breaking support in the range of $4.7-$5. Now its trend has ranged between this support and resistance. In the 4-hour time frame, this range trend is clearly defined. Important resistance is in the $4.5-$4.7 area, which shares this range with the previous resistance at $4.7. So unless the buyers can bring the price back above $4.7, the trend cannot be bullish.
If the selling pressure increases by breaking the current support, we can expect a sharp drop to the $3.20-$3.30 range. This area overlaps with the midline of the long-term descending channel, and if it is hit, it can give a positive reaction. For the short term, sellers are still more powerful, and we should wait until the price stabilizes at the support levels.
Fil USDT | Trade Signal#FIL/USDT
🟢Entry price: 4.3 to 4.4
🎯Targets:
|> 4.68 (Sell 30%)
|> 4.58(Sell 30%)
|> 5.28 (Sell 40%)
🔴Stop-loss: 4.20 (closing 4h candle under stop-loss)
➡️Recommended risk: 0.25%
➡️Recommended Position Size : 6%
please note that due to the current market situation this trade signal is considered risky, so we must stick together to the stop lose and risk management strategy and not to gamble with our money.
stay safe and trade safe
thank you!
FIL WAVE PATTERNHello traders, I hope you are doing well.
I investigated FIL waves. I think we are in the big wave C which has become symmetrical. Elite, there are other possible scenarios, but I think this scenario is closer to reality. I have such waves in mind for FIL
Pay attention that every transaction requires capital management and stop setting
Comment if you have any questions
FILUSDTHello Dear friends
We are on the midline of the weekly descending channel. At the same time, several patterns with higher targets have been formed for us.
If the downward trend line is broken upwards, there is a high possibility of forming an upward trend similar to the drawn scenario.
We would be happy to hear your comments
FILUSDTCan see this falling another 50-60% similar to my other picks
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They make up 91% of all revenue in decentralised storgae compared to compeditors.
It's down from $250 and yes it is inflationary but over long period of time with half the supply already in circulation.
Buy orders in between $2-$2.50 should do the trick for the epic crash.