Filusdtbuy
$FILUSDT: Breaking Free After 2-Year Consolidation!!$Filecoin ( BINANCE:FILUSDT ) has finally awakened after a prolonged 2-year consolidation in its key support zone. This decentralized storage coin, with strong fundamentals and promising long-term potential, has now broken out of its local resistance, signaling a potential trend reversal.
Currently, FIL is down 97% from its previous all-time high, offering a compelling risk-to-reward ratio for traders and investors.Trade cautiously and ensure proper risk management as the market regains interest in FIL!
BINANCE:FILUSDT Currently trading at $5.25
Buy level: Above $4.77
Stop loss: Below $3.255
TP1: $8
TP2: $11
TP3: $25
TP4: $40
Max Leverage 3x
Always keep Stop loss
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#FIL/USDT#FIL
The price is moving in a descending channel on the 12-hour frame and is sticking to it very well and is expected to break it upwards
We have a bounce from a major support area in green at 3.46
We have a downtrend on the RSI indicator that was broken upwards which supports the rise
We have a trend to stabilize above the 100 moving average which supports the rise
Entry price 3.50
First target 372
Second target 3.83
Third target 4.00
FILUSDT: XABCD Harmonic Pattern Analysis - Bullish OpportunityOverview:
FILUSDT has recently completed the formation of an XABCD harmonic pattern, signaling a potential reversal in the price trend. This pattern has emerged at a key support area, suggesting a strong foundation for a bullish move.
Entry Point:
We recommend considering entry near 8.540. This level aligns with the completion of the harmonic pattern at point D, providing an opportune entry point for bullish positions.
Stop Loss:
To mitigate risk, a stop loss is advised near 8.1818. This level is strategically placed below the entry point to limit potential losses in the event of an adverse price movement.
Take Profit Targets:
1. TP-1: Our initial target for profit-taking is set at 8.9095. This level reflects a conservative projection of upward price movement following the completion of the harmonic pattern.
2. TP-2: The second target is positioned at 9.2655. This level represents a continuation of the bullish momentum, offering additional profit potential.
3. TP-3: A third target is identified at 9.6212. This target reflects further upside potential as the price trend gains momentum.
4. TP-4: The final target is set at 10.0000. This level signifies a significant milestone in the bullish trajectory, presenting an opportunity for substantial profit realization.
Conclusion:
Based on the XABCD harmonic pattern formation and the key support area, FILUSDT is poised for a bullish move with potential profit targets identified at various levels. Traders are advised to monitor price action closely and adhere to risk management strategies outlined in this analysis.
#FIL/USDT#FIL
The price has been moving in a descending triangle since July 2022
We're about to break that triangle
Moving Average 100 has been broken to the upside
Current price is $5.27
The first target is $6.62
The second target is $7.85
The third goal is $9.40
The market's upward momentum will lead us to the expected targets
But be aware that there are some corrections
FIL target 6.64h time frame
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FIL is breaking above the falling wedge, which is created since dumping from previous high 5.6.
Also, FIL got support from 0.5~0.618 Fibonacci Rettacement and accumulation zone. Next, we can set target with Fibonacci and long-term triangle structure, that is 6.35~6.9
TP: 6.35~6.9
SL: 3.9
FIL target 6.912h time frame
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FIL is consolidating in a big triangle structure, currently on the structure bottom and is approaching to the downtrend resistance, if FIL can get rid of that resistance, we can set target with Fibonacci Extension 0.618 at $6.9, where is also the resistance from long-term downtrend.
Once FIL take out this big triangle structure, there are two higher highs at 8.7 and 11
TP: 6.9 / 8.7 / 11
SL: 2.629
Filecoin (FIL) formed bullish Cypher for another price reversalHi dear friends, hope you are well and welcome to the new trade setup of Filecoin (FIL) coin.
Previously we caught almost 20% pump of FIL as below:
Now on a 4-hour time frame, FIL has formed a bullish Cypher move for another price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
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
FILUSD - Long - 1D - Sleeping Giant!FIL has a few bullish patterns, this is just one of them. I also see a Wyckoff accumulation happening that fil is set to explode out of any day now (assuming BTC/ETH can hold tread water in the meantime).
These are strong bullish patterns. This is a promising project and one of the few assets that have built out their own chain/protocol rather than relying on 3rd party chains. I believe if they stick to their roadmap and evolve with the times that they could eventually lower their correlation to the big caps. If that happens then this is where the big money will be made.