breakout after long consolidation on daily chartfilecoin has given a trendline breakout after long consolidation.
after a big upmove again its is consolidating and making a kind of flag pattern.
buy above 47 target 63, 75, 89
FILUSD.P trade ideas
Filecoin Expressing Relative StrengthWhile the rest of the crypto/token markets are pulling back and Bitcoin down about 18% from its highs, we're seeing Filecoin individually outperform in the segment and looking to breakout into a recent high. In a classic equities market I would usually be much quicker to take my profits as equities don't usually see this much appreciation (unless we're talking penny stocks and high growth categories like software). In this case Filecoin is in the category of frontier technologies and the markets have not quite figured out how to price all of this yet.
I think given the way the current broader market price action looks and the positioning of this technology, there is going to potentially be more trading upside. Now if the pullback on the rest of the crypto and Bitcoin markets become severe enough then that may be enough to pull down Filecoin with it. The trick for me here is to observe what tokens are individually performing against the rest of the market as this is signaling to perform further analysis on that specific token/company.
Taking a further step back and analyzing the macro, we also seeing the dollar starting to rally here as yields become more attractive. I think if this macro picture continues it's path, then we may even see broader volatility across a broad spectrum of asset classes.
Let's watch!
@EnterpriseGuy
Filecoin: Reaccumulation PhaseFilecoin looks like it's in a reaccumulation phase. The gift that keeps giving? Only time will tell. Here's a nice set-up for those interested in taking a position with Filecoin ( FIL /USD). I trade all these swings right alongside you; these are my actual positions. My entry point is always the current price. I am not a financial advisor. Join me at your own risk.
If you have strong hands, patience, and like big wins and big money, follow me. I track all the USD-paired cryptocurrencies on Coinbase Pro (and many others) and regularly seek out the most potentially lucrative swing trades. All my charts are clean, straightforward, and easy-to-follow. My technical analysis is based upon Wyckoff phase analysis, Elliott wave principle & Fibonacci extensions. If some of my sell zones seem conservative, it's only because I believe in exiting while still holding the fat money bags. The more intrepid traders can let the winners run a bit longer. Good luck and safe trading to all!
My wins so far for March 2021:
1. Filecoin: 31.92% in 14 days
2. Kyber Network: 12.09% in 7 days
3. Loom Network: 66% in 10 days
4. Ravencoin: 78.55% in 11 days
5. NMR: 19% in 2 days
Filecoin looking interesting with a fractal pattern repeatBig money seems to have some interest in this name today. With that fractal pattern repeat on this break possible, there is a solid risk conscious setup possible with at buy at 78.05 looking for a further break into ATHs.
FILUSD hit 2 targets in less than a week!As you can see FILUSD has achieved 2 targets till now as mentioned before with 86.34% profit. On 4hr chart, I can see the price undergoes #consolidation for #correction from level 2 while it represents 0.618 Fib. the correction will continue for more #accumulation till break out and confirming above #trendline to achieve the last target. I will update once the #price breaks out!.
Good luck #filecoin traders..!
FIL.. All our favorite wtf is this coin. However, nice oversell on rsi which last time we ranged here... You see. Picked up by grayscale and the fomo isn't over yet folks.
FIL Price Jumped Around 160% In Span Of 15 DaysIt is trading above 50 and 100 Moving Average on the daily chart. The 50MA red line is at the value of $40.54, making it temporary support for the coin. The price has given a positive crossover on FEB 25,2021. The price has also seen a positive rally after the crossover.FIL price jumped around 160% after the crossover
The recent rally in the Filecoin can also be termed as the effect of buying of FIl by the Gray scale and other institutional investor.If the buying continues then a rally upto $150 can be seen.
Kindly like and follow us
250$ FILECOIN - Grayscale Trust100$ immediate target will be touched and immediately and it can retrace back to $70. Adding it to grayscale trust can push it to $250. It is very bullish on charts with super strong fundamentals
LUNA pullback to yesterdays POC and FIL BreakoutThe strongest uptrending cryptos LUNA and FIL provided valid re-entry signals now trying to hold them as long as possible (trailing stop below prior 1 hour and daily lows...)
FILUSDWho was patient? Still looking good. get a good weekly close this week above .58 and I think we wills upper .60 to lower .70s in no time. if we pull back here, we will go to .47 cent before heading higher. not financial advice
eos short term and long term good buy set ups! very bullish if you pay attention or watch my last video i posted on eos btc and fil you can see i called them about before there intital 20% (short term) and where we are headed long term. if you want good insight watch the last video hoping to bring clarity on eos! big $ gains soon! *short term buy position 3.95 sell 4.50-4.60 in 1 week. long term buy now sell in april for 5.50 -8$
FILUSD near term analysisFILUSD is showing high potential after closing above 47.39$ on daily chart, based on several indicators it is heading to these levels:
T1 : 66.25$
T2: 86.46$
T3: 107.79$
stop-loss below 40.10$ on daily chart.
FIL/USD Nice Triangle SwingThese targets are a bit conservative, but this is a good one to get in and out while you can I think. Everything is still largely contingent on Bitcoin's behaviour for the next few days. If Filecoin pumps, it would be nice to make a little bank. In any case, I feel there are some swings within this symmetrical pattern to take advantage of, and if it breaks resistance all the better!
This is not financial advice; trade at your own risk. Utilize a stop-loss to mitigate that risk.
Follow me for more lucrative swing trades in the making; I regularly publish new ideas and easy-to-follow charts to maximize your swing gains. However, please use your own due diligence before investing in any asset you come across. These are my own trade ideas, my own opinions and I'm often trading them right alongside you. I've been crypto swing-trading since 2017 and have done quite well for myself in that I am able to do it full-time. If these help you in any way, please let me know! I provide solid TA, including Elliott Wave Count for all 37 USD-paired cryptocurrencies featured on Coinbase. Good luck and safe trading!
Jalapablo
