FILUSDT trade ideas
FIL/USDT: Rising Wedge Pattern - Bearish OutlookFIL/USDT: Rising Wedge Pattern - Bearish Outlook
Technical Analysis:
The price faced a strong resistance near the top at 11.80 and it moved down nearly -35%
in 7 days.
Actually the price is in correction and just completed a "Rising Wedge Patter"
You may watch the video for further details!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Filecoin - Imaginary Head and ShouldersThis is purely speculative. This event could be possible. I want to keep our eyes and ears open to possibilities. I think that this design will likely play out. I am most likely wrong. Nevertheless, my position is Short on Filecoin from above 9 dollars on the potential Right-Shoulder. It would be an early trade here. Technically, most traders would want to wait for Filecoin to break under $7.625 before entering Short to take profit near $6. This is not financial advice.
Good Luck and Happy Trading!
Mr. Storm
[FILUSDT] On March 3rd I missed a followers requestHello,
Someone asked for this, but I received so munch support that I sadly missed it. Just read it by chance, now I must deliver.
@Sevenklp ;),
Good call btw, since the day you asked this thing went sideways, we didn't miss much ... Now we need a good entry...
We saw the long term, now let's dive deeper to get us the perfect price entry in the time we are in, I am a little busy, will give you guys that as soon as I can.
For now, I know NOTHING about Fil beside the chart, I mean it ... NOTHING lol... and tbh i don't care too... over 10K+ cryptos so.... we just want to make profits at the end of the day.
FIL has space to evolve but the project needs to be good, I see it is on binance and they are strict so... good sign.
SUPER EARLY, I am surprised ... T4 looks $$$$$ to me ...
Enjoy...
Simple view of FILUSDTGo long after the price breaks resistance. For long-term profit, consider selling the coin at its previous high of 257.
-For short-term risk management, the stop-loss is set at $8.
-For long-term investments, there is no stop-loss mechanism in place. Therefore, it is imperative to engage in personal risk management strategies to safeguard your financial interests.
FILECOIN can ascend further ! What Shall we Expect ?Hi.
COINEX:FILUSDT
✅Today, I want to analyze FIL for you in a 3D time frame so that we can have a mid-term view of FIL regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts).
We have a Bullish Structure here
Adam & Eve pattern is completed and now we testing the resistance cluster of Descending Resistance + A&E neckline + 11$ Key Zone☝️
Looking for a breakout and rally📈
✅ Due to the Ascending structure of the chart...
🟢 High potential areas are clear in the chart.
🟢 Adam & Eve pattern.
🟢 AB=CD.
🟢679 Days of accumulating inside of Adam & Eve.
Stay awesome my friends.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change.. .
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
keep your eyes on FILHello my friend 🐺 .
In this idea I want to talk about FIL and the possible price targets for the short term and the mid term so make sure to read this idea until the end .
let's began with the weekly chart :
As you can see in the picture above ; EMA Ribbon is starting to flip bullish and also price is currently above a very strong weekly support which shown by purple color.
also if we zoom in a little bit and look at the daily time frame we can see a AB=CD pattern or also you can call it as a bull flag which is also a continuation pattern .
the possible mid term target is around 16.8 , something about 80% higher than the current price also it's below a weekly resistance area .
the short term target is :
as you can see we have a clear invers H&S pattern in the 4H timeframe and price is trying to break above the neck line and also the 4H downward sloping trend line which is shown by orange line .
the possible price target for the immediate short term is something between 0.618 and 0.718 fib level ; so guys don't forgot to like and follow me for more chart updates and my next ideas .
have nice day 🐺
📈 FIL Trade Analysis 📉💡 Trade Plan:
Entry: Consider entering a long position at the current level, indicating support reclaim around $8.88.
Take Profit: Plan to take profit at resistance levels of $11.10 and $15.50 to capture potential gains.
Risk Management: Set a stop-loss just below the support level, possibly below $6.96 or $5.86, to manage potential losses.
🚀 Important Note: Stay updated with market developments and adjust your strategy accordingly. Keep an eye on FIL's price action and broader market trends for informed decision-making.
📉 FIL Trade Analysis 📈📊 Market Overview:
Token: FIL (Filecoin)
Current Situation: FIL is retracing into a key support zone marked by the Fibonacci 0.618 level and previous high timeframe resistance.
Trading Approach: Observing buying pressure in this zone to trigger a spot buying opportunity.
💼 Trade Setup:
Entry Range: Consider entering the trade between $7 to $8, aligning with the key support zone and potential buying pressure.
Target Price: Aim for a take-profit range around $13 or $16.5, reflecting potential upside targets based on previous price action and resistance levels.
Risk Management: Implement a stop-loss strategy to exit the trade if the price closes below the critical support level, set at a daily close below $6.
📈 Rationale:
Key Support Zone: The Fibonacci 0.618 level and previous high timeframe resistance act as a significant support zone, attracting buying interest.
Buying Pressure: Observing for signs of buying pressure, such as bullish candlestick patterns or increasing volume, to confirm the validity of the support zone.
Upside Potential: Potential upside targets are based on historical price movements and resistance levels, providing achievable profit objectives.
⚡ FIL Trade Setup ⚡📊 Analysis:
Market Observation: FIL shows continued bullish momentum, breaking resistance and retesting it as support.
Current Situation: The retest of support at $10 offers a potential entry opportunity.
Strategy: Wait for confirmation of support holding before entering the trade.
Entry Point: Consider entering the trade between the range of $10 to $11.
Take Profit: Target profit levels at around $13 or $16.5.
Stop Loss: Set a stop loss just below the support level, below $9.50, to manage risk.
🌐 Note: Ensure to wait for confirmation of support holding before entering the trade. Monitor the price action closely for signs of a change in character. Adjust the strategy based on market movements and consider factors such as volume and overall market sentiment.
FilUsdt- I'm expecting a new leg upFilecoin is one of the coins that I anticipate will perform very well in the coming months. Like the entire cryptocurrency market, BINANCE:FILUSDT began a bullish trend at the end of October.
However, at the start of this year, the coin entered a correction phase, experiencing a drop from above 8 to under 5.
In mid-February, a new upward trend began, and the coin surged by more than 100% once again. Following the peak around 12 on March 9th, the coin started to correct once more, with a recent low reaching 8.3.
Technically, the 8 zone should offer strong support, while the 10 zone should act as resistance at this time. If this cycle were to continue, we could expect a new upward movement to the 17-18 zone, which is an important resistance area visible on longer timeframes.
In conclusion, I maintain a bullish stance on Filecoin as long as the price remains above the $8 USD zone, and I anticipate a new upward movement of around 100%.