FIL/USDT Gearing Up for a Potential Breakthrough at Supply Level💎 Paradisers, focus on #FILUSDT as it's charting an exciting course, now nearing a critical supply level that may signal a market turning point.
💎 Observing #Filecoin's trajectory, it's been navigating a descending channel but has recently made a notable leap above, now eyeing the supply mark at $5.603. Should the price maintain its current energy and push past this level, we're potentially looking at a strong bullish surge towards a higher supply zone.
💎 On the flip side, should #FIL falter and lose steam, a bullish recovery from the support level at $4.773 might be in the cards, with a drop below this point potentially leading to a significant bearish trend.
FILUSDT trade ideas
FilecoinFIL Looks very good. Ready for a move up for at least 80%. We do not have resistance up-to 16.5$ so it looks like we can go to those levels or even slightly above. that would be aver 100% gains.
I take profits starting 70% to 110% except there will be no signs of strength left. then taking all at ~80%
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, and initially planned a launch date for mid-2019. However, the launch date for the Filecoin mainnet was pushed back until block 148,888, which is expected in mid-October 2020.
The project was first described back in 2014 as an incentive layer for the Interplanetary File System (IPFS), a peer-to-peer storage network where users pay for data storage and distribution services in $FIL. Filecoin is open protocol and backed by a blockchain that records commitments made by the network’s participants, with transactions made using FIL, the blockchain’s native currency. The blockchain is based on both proof-of-replication and proof-of-spacetime.
Filecoin is open-source and decentralized, which means that all governance is in the hands of the community. On the Filecoin platform, developers have the opportunity to create cloud file storage services like Dropbox or iCloud. Anyone can join Filecoin and start storing their data or earn money by providing space for someone else's funds. The creators of Filecoin opted for their blockchain technology to run the network and their token with their own consensus.
TSX:FIL is the native currency of Filecoin that powers the entire network and all processes. Clients pay for transactions in FIL tokens. Miners place FIL as collateral, guaranteeing their services.
The developers claim that Filecoin solves the problem of inefficient file storage and retrieval. Customers can find the right solution with an efficient set of tools and its core development, IPFS.
Negative modelFrom the new data that appeared, the Diagonal Ending Pattern is a negative pattern that forms at the peaks. It is possible that we will soon see a strong decline coming... Good luck.
*In principle, I am not a supporter of any direction, but I am only giving my point of view, which may be right or wrong. If the analysis helps you, then this is for you. If you do not like this analysis, there is no problem. Just ignore it. My goal is to spread the benefit. I am not one of the founders of the currency.
Filecoin Is Going to $0 - 99% Crash ImminentFilecoin has established itself as one of the weakest coins.
It is a favorite coin of the known fraud Arthur Hayes.
It is also a favorite coin amongst gamblers in Chinese.
For these reasons, Filecoin has no future and will likely drop to the $0 mark.
Many other coins have pumped significantly in the past year, except Filecoin. It will likely drop to between $0 - $0.10 within the next few months and it's possible that it will trade below $0 for a short while because of mega liquidations.
You have been warned.
Considering that it is out of its long-term downward trend, therIn the previous analysis that we presented about FIL currency in Karako 2022 channel, we proposed a signal with a 300% growth probability. This signal is still in its own power and has brought 60% profit to the members so far.
Now, considering that it is out of its long-term downward trend, there is still a possibility of further growth for this currency.
We determined the safe entry range for risk-averse friends in this analysis, who can enter the trade after its stabilization and earn up to 200% profit.
Is Filecoin Going to $0 ? Possibly Sub Zero.The chart looks very bad.
Despite huge pump in every coin the past few days, Filecoin is struggling to breakout.
This is a bad sign.
The Filecoin Foundation is known to dump on the market. Arthur Hayes is a supporter of this coin, which is a red flag because he always dumps coins he recommends/shills.
It is possible Filecoin will drop to zero. Beware.
BINANCE:FILUSDT - Double is the best for LONG entry ---------------------------------------------------------------
Description
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+ FIL has recently formed a notable double bottom pattern.
+ Overall, FIL exhibits strong bullish sentiment, with the next target projected at 8.115.
+ This rebound from support suggests a promising trend ahead.
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VectorAlgo Trade Details
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Entry Price: 5.399
Stop Loss: 4.630
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Targets 1: 5.894
Targets 2: 6.481
Targets 3: 7.193
Targets 4: 8.115
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Timeframe: 1D
Capital: 1-2% of trading capital
Leverage: 5-10x
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Enhance, Trade, Grow
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VectorAlgo
📊#FIL has a chance to break through the previous high📈🧠We started to rebound after completing the daily level adjustment. We have now successfully broken through the resistance zone, and the resistance zone has turned into a buying zone.
➡️The breakthrough of the short defensive point means that the short structure is destroyed, so without any obstacles, we will most likely continue the long trend.
➡️According to the wave theory, we are completing the fifth pulse wave
Therefore, there is a high probability that we will continue to move higher and challenge the previous high.📈
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FilFil forming a Bullish Adam and Eve pattern. Did a clean breakout after more than 600 days of accumulation.
The key point is to maintain the support zone of the $7.75 - $8.10 price range. If it holds that support then we have expected price targets in the upcoming days or weeks:
🎯 $11.30
🎯 $13.5
🎯 $17
🎯 $26
Also, $Filecoin provides storage which is very helpful in the cryptocurrency market like storage of NFTs etc. Now Fil is in a #Depin category which is bullish in the upcoming bull run 🚀
It's not a Financial Advise.
DYOR
Filisdt 1w (Will the army's attack meet chikou span's stubborn)Greetings to the patriotic and brave soldiers of the army. The lines of enemy resistance are marked on the map. For better progress, we need to remove the chikou span from the ichimoku red cloud. The auxiliary force is ready at line 5.96. The green cloud of Ichimoku has formed, and the army's route has been prepared for airstrikes
$FIL - Amazing SPOT BagCRYPTOCAP:FIL is one of the main established cryptos falling under the AI narrative.
This is important because it adds a touch of safety in our buy and portfolio (we don't wanna buy every shitcoin out there, that's how we end up getting rekt)
So, yes, CRYPTOCAP:FIL is sitting currently at around $4 Bill marketcap, but that means absolutely nothing. It will go much higher and it will benefit from being one of the most established AI/storage coins.
We can see that CRYPTOCAP:FIL is having a huge accumulation range and will pop sooner or later. Buy whilst in the red rectangle. Also the volume is increasing whilst staying in the range, that is extremely bullish and when it moves higher, it will be with great speed.
The targets are in the chart. Take Profits! See you soon!