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!
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FILUSD.P trade ideas
Complex Feature ,Lower Price PumpFile coin is has one of the most complex feature in the crypto verse.It is used for data storage in a decentralized way. FIL Price is not reacting in stiuplated way.There is no marketing hype on social media about it.So It would be great to see what the future holds for the coin.
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Is FILUSD Giving us a (⚠) break? Cryptopocalypse Soon Over?COINBASE:FILUSD
Idk about you guys, but i'm pretty much over this dip. Last time i not set a stop loss/cover trade when a dip is coming, because yours truly overslept and woke up SICKKKK -_- However, i have been swing/scalping for the better part of this week to make some come ups on this fall, but that has nothing to do with this post lol... Anyway, It appears that Filecoin is in a triangle, and it just may be 1 more day of these lows. ( Id say more like 2 more dips below 25RSI on the 30Minute Chart, and after that second rise if conditions are right, it'll breakthrough (At least multiple of my screeners and what Im seeing in the charts. Hopefully this dip is over, and life can return to the previous gains we all know and love.
Goodlucc and happy trading my fellow kings and queens. happy hunting 🤙 #TriangleBreak #Betterdayscomming #Cryptopocolypse
Ps... dOnT sUe Me, TrAdInG is UnPrEdiCtAbLe, tRaDe @ yOuR oWn R!$k, aNd BlAh bLaH bLAh...
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Or any other ideas you had, or what your expierences were during this dip, we'll share our Ls or Ws.
Filecoin Correction Likely In; Some Consolidation Likely Bitcoin has corrected, and it has corrected with strong buying coming in across the market to prevent a hard dump. This is great news for the whole crypto space, and potentially for altcoins in particular: a gently correcting Bitcoin within a larger uptrend is the perfect environment in which altcoins have tended to run in the past.
So Filecoin has retraced into its market structure support zone, and has been aggressively bought up to maintain that level. This is also good news, as Filecoin is now set up for a run whenever the market stabilises a bit. We should keep watching the daily and especially 4-hour charts for signs of bullish divergence and positive momentum in the coming days/weeks.
Filecoin 2.19.21Ive seen every crypto that pumps like this at the beginnig eventually come back and smash through that initial ATH. Filecoin ? WTF is a filecoin. IDK but its offered on Venus protocol with a decent rate of lending. This may allow it to move since everything related to Binance is moving
Looking for Filecoin support above $35Based on fundamentals and recent shilling, I expect Filecoin to have a lot of potential. But for now we have broken the market structure and are likely to head down toward $35. From there I will look at swing positions -- but for now the market looks like it needs to cool off unless Bitcoin pulls a rather large rabbit out of its hat.
FIL/USD
My trading plan for market looks like this: FIL/USD
-open $42.8
Stop below the support and the local swing low -
Profit target is 55 $ resistance -
Risk per trade up to 10% -In addition, we monitor other indicators
Disclaimer!
Bitcoin's rising wedge caused many altcoins to dump. As soon as things stabilize I'll recalibrate the entries and targets if needed
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Filecoin Reaching Possibly $62 (48 %)If all things go according to plan, this will be a lucrative swing in the up and coming days. As usual, wait for the break-out retest, set your stop loss and keep your eyes on the target. I like to use the 13/48 crossover EMA with 12/26 MACD double confirmation when navigating. Huge paydays up ahead. Safe trading to all!
FILUSD Looking to breakoutFIL is currently in a bullish pennant. We might be at the end of the pennant OR the price is going to show us a new pattern soon. Bullish divergence on the RSI; price is showing higher lows while the RSI is showing lower lows. My target is $70ish if this pattern breaks upwards. Right now i'm not in this trade; not until the price indicates where it really wants to go. As always, DYOR.
FIL: Consolidation | What's Next?After Filecoin's massive pump (long overdue), we finally broke out from the $20 range and tapped the low $50's. Currently we're consolidating around $40. Let's see if there will be a move soon out of this consolidation zone. I believe we are still in the early stages of growth for Filecoin.
Great tradeTRIANGLE,wolves🔥
Symmetrical triangle on FILUSD.
Previous Bullish trend was broken and now the price is in consolidation.
According to Elliott Waves theory all the waves are done so now the price is heading to breakout point.
Keep following the chart and look for breakout.
Keep following the chart and look for breakout, it should become soon.
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Filecoin breaks key levelFilecoin just broke a key level, and has strong upside potential. I expected this to take more time and because of the speed we could see increased volatility. Entry for this coin could be good if we retest the key level and it holds solid.
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This is not financial advice