FILUSD.P trade ideas
FIL - Potential Bullish Reversal!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on DAILY: Left Chart
FIL rejected a strong support and demand zone, so we will be looking for buy setups.
on H4: Right Chart
on DAILY: FIL formed a valid double bottom pattern but it is not ready to go yet.
Trigger => for the bulls to take over, we need a momentum candle close above the gray neckline.
Meanwhile, until the buy is activated, FIL would be overall bearish can still trade lower inside the demand zone.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
FIL, bounced off support.The following are machine translations:
In the 4-hour chart, it fell to the vicinity of 5.5 many times and rebounded, forming a support near 5.5. Yesterday, it reached the vicinity of 5.5 and stopped falling and rebounded, looking for a short-term rebound.
The indicator macd has the possibility of a golden fork, and the RSI indicator reaches the neutral 50 vicinity.
Summary: The pattern rebounded near the support, the indicator reached the key level, the breakthrough will continue to be bullish, and the blockage will be followed by shocks.
Filecoin - FIL at critical ample markFilecoin - FIL at critical ample mark
positive: we see a regular bullish divergence on RSI
negative: we see a hidden bearish divergence as well
Speaking in ample steps:
red:
if we lose last volume support at $5.85
yellow:
if we break price resistance at $11.87
green:
if we break above volume resistance at $22.35
What are your thoughts on fil dear Crypto Nation?
*not financial advice
do your own research before investing
FILUSDT PRICE ACTION ANALSYSCOINBASE:FILUSD
So recently fil has huge run upward and then it crashed almost 50%. which is not unusual in crypto market.
it's been forming broadening wedge on lower time frames. if we successfully break through that we will see an upward momentum up to 7-8%.
i think we tomorrow we might see a good pump for atleast 6-8%.
disclaimer: do not open trade before the break out of the pattern. manage your risk accordingly. thanks
FILUSD (4H) Bearish wave LTFHi Traders
FILUSD (4H Timeframe)
A medium probability, entry signal to go SHORT will be given with the downward break of 6.23 after the market found resistance at 6.60. Only the upward break of 6.60 would cancel the bearish scenario.
Trade details
Entry: 6.23
Stop loss: 6.60
Take profit 1: 5.70
Take profit 2: 5.13
Score: 5
Strategy: Bearish wave LTF
Filecoin fil - recovery not even started yetFilecoin - recovery not even started yet by taking a view on FIB from last ATH
positive: we see a regular bullish divergence on RSI
negative: we see a hidden bearish divergence as well
Speaking in ample steps:
red:
if we lose last volume support at $5.85
yellow:
if we reak price resistance at $11.87
green:
if we break above volume resistance at $22.35
What are your thoughts on fil dear Crypto Nation?
*not financial advice
do your own research before investing
FIL - Storage Coins Leading The Day!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
For those who know me well, know that I have been a big fan of Storage coins like FIL, STORJ, AR and many more...
After the big increase in FIL this week, Storage coins are getting the attention of many investors.
Coins related to Metaverse, Defi and many categories had their time. Will storage coins be the next movers?
Let's get back to our price action analysis ;)
on H4: Right Chart
the bulls took over after rejecting the 5.0 round number and breaking above the gray range.
now what?
on DAILY: Left Chart
FIL is trading inside our red channel, so yes we are still bearish from a long-term perspective.
For the bulls to take over from a longterm perspective, we need a break above the last major low and 20.0 round number.
but first we want a break above the upper red trendline to invalidate it and then be able to test the 20.0
Meanwhile, the bears can still kick in to form a new major swing high around the upper trendline.
in this case, the new swing high will be considered our trigger swing, and the bulls need to break above it for them to take over from a long-term perspective.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich