FILUSDT trade ideas
✴️ Filecoin | Long-Term Bullish, Short-Term DoubtfulPeople keep asking: Filecoin? Filecoin? Filecoin? ...
I am like: OMG! What's up with Filecoin? Why does everyone keep asking about it?
The only reason I am of this thinking is because I shared a trade idea for it around early October 2023 so I thought I had it covered... Short story shorter... I decided to do an update.
👉 Medium-term, long-term bullish. We are set to experience sustained growth in 2024 and beyond
➖ Short-term it is doubtful. Filecoin can resume growing after this week, just as it can continue lower before the next jump. Even if it looks like support has been found we don't know how a Bitcoin drop will affect this pair, so we stay cautious and prefer to wait rather than make assumptions.
Because, even if a pair looks solid and strong, a sudden move on the Bitcoin side can crash everything with the exception of the ALTSBTC pairs at this point.
So all those ALTSUSDT that are looking good and recovering can surprise if Bitcoin drops just a few thousand points... So I am waiting for the market to be clear of doubts and I also took care of all the entries when prices were low.
It becomes a guessing game once the action is ongoing... See the related idea below for the previous chart.
Namaste.
Filecoin(FIL): Waiting For Small Correction!FIL has had a nice small bounce from 200EMA, which started off a smaller kind of bullish movement here.
We are looking for two upper zones, which we will be considering as resistance zones as of now.
From there on, we will be looking for a potential good short position!
Swallow Team
Filecoin About To Propel To Mars? Please Whales, Dump It More!The filecoin chart looks incredibly sexy.
MEGA discount from ATH still applicable.
50 Weekly MA turned into support? Which also has confluence with other important horizontal levels (previous resistance).
The only DePIN coin with MEGA LIQUIDITY that has not pumped at all... yet. Personally, I hope whales will dump it more and keep it low for many more months so I can buy even more! Probably the best kept secret. Anyone with half a brain is loading up their SPOT BAGS while it is still CHEAP AF. Don't use leverage for whales may try to shake you out/liquidate you before they send this into orbit; just accumulate spot so that whales can't buy as much, put them under pressure!
LETS GO FILECOIN!!!!
THIS WILL EASILY RETURN TO ITS FORMER ATH.
wait for break channel(FIL)📊Analysis by AhmadArz:
🔍Entry: 4.953
🛑Stop Loss: 4.989
🎯Take Profit: 4.90 - 4.85 - 4.80 - 4.76
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
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FIL/USDT - Poised for an Upside Breakout: Technical &FundamentalHello, TradingView Community!
I'm excited to bring to your attention FIL/USDT, which appears to be gearing up for a significant upward move. After a period of consolidation, the weekly timeframe is showing promising signs of a bullish continuation. But it's not just the technicals that are interesting; Filecoin's fundamentals add a layer of intrigue to this potential breakout.
Technical Analysis:
Bullish Continuation on Weekly Timeframe: FIL has been consolidating, and recent patterns on the weekly chart suggest a potential breakout to the upside. This is a scenario we've been anticipating for a while now.
Key Levels to Watch : Keep an eye on current resistance levels. A decisive break and close above these levels could confirm the bullish trend continuation.
Volume and Momentum Indicators: An increase in trading volume and positive momentum indicators will further validate the upside potential.
Fundamental Analysis:
Filecoin's Role in Web 3.0: Filecoin is at the forefront of the decentralized storage market, a crucial component of the burgeoning Web 3.0 ecosystem. Its technology allows for secure, efficient, and decentralized data storage, which is increasingly relevant in today's data-driven world.
Growing Adoption: With increasing concerns over data privacy and control, decentralized storage solutions like Filecoin are gaining traction. This trend is likely to continue, bolstering Filecoin's utility and value.
Development and Partnerships: Continued development and strategic partnerships are essential for Filecoin's growth. Keep an eye on their updates and announcements. For more details, visit Filecoin's website.
Trading Strategy:
Entry Point: A breakout above the key resistance level with significant volume can be a good entry signal. Always look for additional confirmations.
Exit Strategy: Define your profit targets and stop-loss levels to manage risk effectively.
Risk Management: Given the crypto market's volatility, adjust your trade size and risk exposure accordingly.
Conclusion:
The combination of a bullish technical setup and strong fundamentals makes FIL/USDT a pair to watch closely in the coming months. As always, remain vigilant of broader market trends and adjust your strategy as needed.
Your thoughts and strategies on this are highly appreciated. Let's discuss in the comments below! As always, if you're looking for more insights on precise entries with extremely low drawdown, comment for more information ;)
Happy Trading!
Filecoin 98% Discount! BIGGEST Opportunity In CryptoTHANK YOU WHALES, FOR KEEPING FILECOIN AT 98% DISCOUNT WHILE EVERYTHING ELSE HAS PUMPED!
PLS KEEP IT LOWER/DUMP IT MORE, I WANT MOAARRRR FILECOIN!!!!!!
Whales want you to dump/panic and they may even drop prices lower, but that will be a GOD SEND.
Filecoin is the best kept secret in crypto. It is still down 98% from its all time high, while other coins have rallied significantly! For example, ICP used to be the same price as COINBASE:FILUSD but today COINBASE:ICPUSD BINANCE:ICPUSDT is more than double the price of BINANCE:FILUSDT which shows big opportunity!
Please dump more. Ready to sell my other shitcoins to dump into filecoin!
Filecoin Has The Most BULLISH Chart! 400% Increase Coming?Filecoin arguably has the single most bullish chart in all of crypto and I will explain why!
On this weekly chart, we can observe a clear breakout and retest of the long-term resistance trend. Not only have we had a breakout and retest, but the price level to break, around $7, has confluence with the most important technical levels, namely:
1. The 0.236 fibonacci retracement level;
2. A crucial horizontal resistance level;
3. The 100 weekly moving average;
Furthermore, price has currently found support on;
1. The weekly 8 EMA;
2. Long-term resistance that has turned support (this resistance-to-support flip is almost 3 YEARS OLD, which is incredibly significant);
3. A previous important horizontal resistance that has turned support (black dashed line).
Furthermore, the BINANCE:FILBTC chart shows a similar structure. TSX:FIL has also broken out of its longterm downtrend against CRYPTOCAP:BTC , so there is confluence between the COINBASE:FILUSD and the BINANCE:FILBTC chart, which adds even more significance to this incredibly bullish #crypto chart, possible the most bullish chart of a large cap #DePIN #cryptocurrency that has not pumped yet.
If #filecoin manages to break the $7 resistance level, I can see it propel to around $16, which is where the 200 weekly moving average sits at, within several days, possible within a few hours.
This also means your time to accumulate filecoin below $7 is running out. In fact, I would not be surprised if filecoin breaks $7 today and leaves all the doubters and hesitating weak-hand plebs behind!
Please note $16 is a minor initial target. Filecoin could easily run all the way to $26 and beyond within a few days of breaking out, which could happen at any moment.
Filecoin Broke Out & Is Retesting! Filecoin DePIN Checklist!Filecoin Checklist:
1. Down 98% from ATH? CHECK.
2. Broke out of multi-year resistance? CHECK.
3. Is currently retesting that multi-year resistance? CHECK.
4. That multi-year resistance also has confluence with other significantly important technical levels? CHECK.
Namely, confluence with:
a. bull market support band;
b. middle weekly bollinger band;
c. major horizontal support level;
d. a range of higher lows!
5. There is hidden bullish divergence on the weekly chart? CHECK.
6. Filecoin fits the hottest narrative, which is DePIN (Decentralized Physical Infrastructure Networks)? CHECK.
7. Filecoin just corrected at least 40%, wiping out many degenerates and impatient plebs? CHECK.
8. Filecoin is on all major exchanges and has amazing liquidity? CHECK.
9. Filecoin is off peoples' radar? CHECK.
10. People hate on Filecoin for no reason, making it a lucrative investment/buy for smart people? CHECK.
COINBASE:FILUSD BINANCE:FILUSDT BITSTAMP:BTCUSD BINANCE:FILBTC TSX:FIL #filecoin #bitcoin #crypto #depin
Filcoin tradeBased on the current outlook for Filcoin, it is experiencing a downtrend on higher timeframes. In order to find the perfect entry point for a short position, it is crucial to carefully analyze the market conditions. By doing so, you can identify an optimal entry strategy that aligns with my trading start
FIL - 4H - 50% increase to $8 - Double Bottom patternFIL shows a bullish signal on the 4H time frame with the Redk Everex indicator. Which means that the price is oversold and ready to make a bounce back up. According to the AI tradingview indicator FIL moves in a Double Bottom pattern and is able to go back to $8 which is approx. 50% from current price.