I see a breakout soon.FIL had been resting for a while now. The EMA 55 coming in and ready to breakout the trendline.
After breakout retest of Fibs can be the buying spots.
FILUSDT
$FILUSDT - Another impulse after correctionHello everyone!
FILUSDT could continue bullish up to 86 and 98, the best takeway here is to wait for it to close above 79.
FIL - descending triangle - end is nearBINANCE:FILUSDT is forming a descending triangle in 1H.
According to the textbooks descending triangles breakout to the downside 64% and to the upside 36%.
Let's see what happens.
No financial advice.
FIL is ready for another leg upHello,
The bullish continuation structure detected. It's ready for another leg up. Be aware of possible stop hunt moves before the upside.
Please like and share the idea.
Thanks
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:
fil/usdt 30 min chartthere is descending triangle on 30 min chart...so we can expect a bearish move on fil...supports zone marked by blue box
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. Ready?Waiting for breakout from triangle. TP/SL on chart. Looking good if all market will good.)
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
