Get started
FilecoinFilecoinFilecoin
#41#41#41

Filecoin

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Markets

FILUSD trade ideas

Filecoin: Will History Repeat?To stay up-to-date with the latest market developments, be sure to subscribe to Kraken Intelligence at kraken.com What Is Filecoin (FILUSD)? Filecoin is a cryptoasset that aims to incentivize a global network of computer operators to provide a file sharing and storage service. Project founders claim that if enough people adopt it, it could become the fastest and cheapest way to store data on the internet. What’s more, it would not rely on a central authority, meaning the exchange of its files could not be censored by governments or other actors. This is because Filecoin is maintained by miners who dedicate computing power to providing the computation that makes it work. Filecoin miners get paid for making storage space available to users. Filecoin users, in turn, must pay miners for storage, retrieval or distribution of this data. The Filecoin network operates atop another protocol for decentralized file handling called the Interplanetary File System (IPFS). The two systems share many similarities, though the main difference is that while IPFS is free to use, it won’t earn miners any money. Filecoin costs money to use, but could also generate revenue. FIL Statistics: Market Capitalization: $10.9B CryptoAsset Rank: #15 24-Hour Return: +1.8% 7-Day Return: +1.6% From All-Time High: -31% Recent News: According to TechNode , The Distributed Storage Office of China’s Communications Industry Association warned that Chinese companies are using distributed file storage protocol Filecoin to issue unauthorized wealth management products and conduct illegal financing. A new regulation defining illegal fundraising is set to come into effect on May 1. Whether a crackdown in China will weigh on FIL is TBD. However, it ought to be noted that FIL is a high profile project in China and the vast majority of miners are allegedly based in China. Potential Catalyst: At the moment, 648,000 new FIL coins are mined per day. After April 15, this number is set to decrease by -43.2% to 365,000. Technical Setup: Turning to FIL's 4H chart, one will see that FIL has retraced considerably since hitting an all-time high of roughly $235 at the start of the month. Furthermore, one will see that FIL might be forming yet another descending triangle. Although descending triangles are widely regarded as a bearish chart pattern, they can breakout to the upside - much like we saw in March. Be that as it may, FIL's recent rejection from the triangle's resistance suggests that FIL is more likely to test the triangle's support at $136 before testing resistance For FIL to trend lower, it'll have to break through the 21D SMA ($154). If the bulls can defend this moving average, we could see FIL trend higher in the near-term. A break below the 21D SMA and $136 support would warrant a backtest of the 50D SMA ($94), which equates to a -43% drop from current levels.
KRAKEN:FILUSD
by phum126
Filecoin (FIL) - April 14Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. ---------------------------------- (FILUSD 1W chart) (1D chart) You should watch for any movement that deviates from the 148.3290873-190.9615481 segment. In particular, it remains to be seen if it can rise above the 172.0544976 point. If you decline in the 134.1182676-148.3290873 range, you need a short stop loss. What's important in the current situation is getting out of the downtrend line. ---------------------------------- (FILBTC 1W chart) (1D chart) We have to see if we can get support at the 25690 Satoshi spot and climb along the uptrend line. If it falls, we need to make sure we get support in the 23426 Satoshi-25690 Satoshi section. If you fall at the 23426 Satoshi point, you need a short stop loss. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for the sake of convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closing price when closed G2: Cigar at the time of opening (Example) Gap (G1-G2)
BINANCE:FILUSD
by readCrypto
filusdwe are having an over sold condition and making double bottom in the lower time as a sign of strenght you can buy now or wait for the broken of the trendline and enter Please push **LIKE** to support idea , thanks 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.
BINANCE:FILUSDLong
by cyhym
2
Filecoin & VideoCoin will power video NFT marketplaceFilecoin & VideoCoin will create a marketplace for videos with nonfungible tokens (NFTs), solving a major sticking point for video authentication. The VideoCoin Network will start integration of its decentralized video processing network with Filecoin, which has a large and low-cost storage network, to offer a platform optimized for video NFTs. The technology could be useful for movie makers or video game streamers. Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends... *3x lucky 7s of trading* 7pt Trading compass: Price action, entry/exit Volume average/direction Trend, patterns, momentum Newsworthy current events Revenue Earnings Balance sheet 7 Common mistakes: +5% portfolio trades, capital risk management Beware of analysts motives Emotions & Opinions FOMO : bad timing Lack of planning & discipline Forgetting restraint Obdurate repetitive errors, no adaptation 7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big organized desk Reading books, playing chess Sorted watch-list Checkout my indicators: Fibonacci VIP - volume Fibonacci MA7 - price pi RSI - trend momentum TTC - trend channel AlertiT - notification www.tradingview.com
COINBASE:FILUSDLong
by Options360
Filecoin has entered a downtrend1) We have range expansion to the upside, kicking off a huge gain! 2) Volatility deadened out the past week, making a descending triangle type formation. It has been hugging the lows, which is never a good sign. 3) The range broke out to the downside. I'm not a fan of shorting crypto, but if that's your thing then go ahead. Probably take profits on your long, and look to buy in lower. Stats are from the start of the coin to current using ~2% risk.
COINBASE:FILUSDShort
by gregoirejohnb