FILUSDT
FIL / BTC - Potentially Strong Gains vs BTCFilecoin may complete an inverted head/shoulders here, with TP 1 and 2 visible as dark grey lines near the top of the chart. Volume has just begun coming in on the weekly chart, and it's clearly shown up in a big way.
It looks quite similar to Ethereum prior to its move against BTC (and its new ATH vs USD). Ethereum weekly chart made an inverted head and shoulders, it had a fake breakout and then fell back below the neckline before finally breaking out for the real run. Filecoin could've been drawn exactly the same way before it made its initial move to its all-time high.
Keep an eye on this one, it may just be getting started, and the previous high may have just been a small preview of what's to come.
The wick on the weekly candle chart from when it exited the initial HSi was insane, see below:
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!
Update on FILUSDT trend analysisAs the last analysis failed due to the X-wave that occurred after the triangle it seems another triangle is forming
If and only if the market unfolds as shown on the chart entry point as well as TP and SL will be as illustrated
when the time comes I'll comment it under this post
Good Luck
FIL to $106?Hope everyone survived this ugly dump last weeks, and the market will recover soon hopefully.
Filecoin seems to be getting ready to break up this triangle 📐 and if successful I think there is chance for run to 106 and even higher. This setup on FIL , provides great RRR 9.5!
ENTRY : local high @ 69.23
SL : local low @ 65.25
TARGET : height of the triangle projected from midpoint of the local range (BUY STOP-LMIT - SL) @ 106.80
RRR : 9.5
INVALIDATION : when SL level hit
Like👍 & Enjoy📺!
FIL: BUY THE DIP!The first time ever we have touched MA100.
Correction has dragged on far too long.
RSI is in a region where a reversal is highly likely.
Stoch RSI has revealed the possibility of a positive cross.
Do I expect further downward movement? It is possible, if it goes down that road, you could place buy orders at 95, which is supported by EMA50 in the 3D timeframe.
My hodl targets are: 201/217/248/281/298
FILUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We are in a channel. We have defined the line of support and resistance for you. Those who want to trade with risk can make purchases for the first purpose, and in case of breaking the line of resistance and stabilization, enter the purchase for higher purposes.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!