FILUSD looks bullish againIn November 2022 we predicted that Filecoin will drop below 3 $:
Now, it's a time for an update and upside targets!
FILUSD looks pretty strong.
The price came back above the resistance which should be acting as a support now.
We may see a few days of consolidations above this key level (5$) which would be very bullish, however it would not be unexpected to see a rally continuation towards 8-9$. MACD indicator shows a positive momentum and it looks strong for bulls. Moreover, If the price breaks above this range, it can shoot up to 11 $ which would be our final target for this short-term trade.
Long-term the price may go much higher.
Good luck!
FILUSD trade ideas
FILUSD on a Resistance. Huge liquidity zone below.FILECOIN - FILUSD crossed above the MA50 1W and hit Resistance A (9.52500). There is a huge Liquidity Zone, which offered Demand during the Jan/ Feb consolidation and Supply before the market bottomed out. As you see most of the volatility of the past 8 months is seen inside this zone.
With the Golden Cross 1D only 1 or 2 days ahead, such a pullback will be a great buy opportunity. Pullback or not, the Filecoin targets now Resistance B (11.3850) and Resistance C (16.000) within a 3 month horizon.
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Filecoin - No Danger No glory.
- Filecoin lost -98% from his ATH.
- ICO managed to get 200M$ in 2017, VCs dropped a lot and made so much benefits in 2021.
- When whales will be tired and start to rebuy, the bounce could be very aggressive.
- This project is huge and was listed in all Top Exchanges ( Coinbase, Binance, Kraken, Cryptocom, etc )
What Is Filecoin (FIL)?
Filecoin is a decentralized storage system that aims to “store humanity’s most important information.” The project raised $205 million in an initial coin offering (ICO) in 2017.
Filecoin aims to store data in a decentralized manner. Unlike cloud storage companies like Amazon Web Services or Cloudflare, which are prone to the problems of centralization.
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Trading Zones
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- Buy : 4.50$ (Buy a bit)
- Rebuy : 2.50$ (Fire Buy)
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TP1 : 25$ (security TP)
TP2 : 120$
TP3 : 230$ (ATH)
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Happy Tr4Ding !
Filecoin Play Wisely- Everything is in graph.
- Always follow TheKing movements first.
- Setup a retracement zone to rebuy.
- Setup a breakout buying zone.
- Don't stay always in markets, you are in danger when you are in active trading mode.
- There's some momentums to trade and sometimes there's nothing to trade.
- Sometimes better not trade and just watch.
- Use price action only.
- Setup your own SL RR.
- Don't be greedy.
- Keep everything simple as possible.
Happy Tr4Ding !
Filecoin: Spring and Backtest of Spring with Bullish EngulfingFilecoin is attempting to confirm a backtest of spring in the form of a Break-Hook and Go while Bullishly Engulfing and holding Above the 200 Day Simple Moving Average. If this holds up i think it will be able to rise to The Fibonacci Extensions of the 1.618 and if lucky, the 2.618
Filecoin Short-term TargetsQuick post - Filecoin broke out of a falling wedge on the daily and is headed towards the 200 day EMA and wedge breakout TP 1 if it can get and hold above the EMA.
Conditioned upon reaching the falling wedge breakout's TP 2 @ ~$10.70, which would take it above previous high of ~$9.75, that opens up the possibility for new targets for a double-bottom recovery.
Get and hold above 9.75 and we have a confirmed double-bottom targeting $14.58 and then approx $17.
Short-term chart here, but I've previously posted a much larger falling wedge breakout that happened quite some time ago but has been consolidating ever since. That possibility still exists should everything above occur and DXY doesn't turn back up shortening recoveries across markets. If conditions remain favorable, we could see a double-top on the HTF chart. See link to related idea below:
This fell further than expected and has consolidated further than expected, but is still possible given the considerations mentioned above:
FIL your bags nowMassive upside incoming, the future of cloud computing on the blockchain, not sure how theyve accomplished it but this is a decentralized dropbox apparently and its gold. Just has its caputialization drop last week where it retested the lows, to take out all of those bag guys, should be moon city from here on out. probably follows eth and the markets in general but besides that lets get it
FIL rises in value to $4.38.Today's bullish Filecoin price analysis
$4.40 offers the greatest resistance.
FIL/USD support is indicated at $4.18.
According to Filecoin price research, the price of FIL/USD has been moving strongly upward during the past 24 hours. The cost has continued to rise dramatically and has come close to reaching the $4.18 level. The cryptocurrency appears to be moving upwards, but the market is moving in a favorable way. With a trading volume of $95,408,859, the price of FIL has increased by 3.63% during the past 24 hours as of today, November 29, 2022. Hence, having a live market capital of $1,433,268,246 and is ranked #31 in the cryptocurrency ranking.
Analysis of the 4-hour price of Filecoin: Recent developments
file coin Dailythere must be a sharp correction for 3.4 $ and a fast recovery . after that it seems we can expect a 3 month of correction in for 6.05 $ . i think this position will be triggered on 9 dec.
short position is not recommended . because there could a stop haunting for 5.2 $ even . you can only enter to the market on some specific dates .
FILUSD looks goodFILUSD is in a short-term uptrend.
If the price retest the support, it may be an opportunity to enter long position.
RSI still looks good for bulls therefore the price should increase more in a short term.
8 $ should be acting as a resistance so it´s the final target for this trade.
Good luck