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FIL / TetherUS

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FILUSDT trade ideas

FILL READY FOR LONG 4HFilecoin 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.
Long
by sungoku5
FIL(FILUSDT): Important Bearish BreakoutThe price of 📉FIL decreased significantly yesterday, dropping below the lower boundary of a descending triangle pattern on the 4-hour chart. This was confirmed by a strong bearish candle with a lot of momentum. As for potential support levels, the next one to watch out for is around 5.00/4.500. It is likely that sellers will aim for this level in the near future. If you are considering entering the market, it might be a good idea to wait for a retest of the broken triangle boundary as a possible opportunity...Trade safely 👍✅
Short
by FlexiTRADE
5
FIL(FILUSDT): What A Breakout...Sell!Yesterday, the price of 📉FIL experienced a sudden decrease. It fell below a neckline of a descending triangle formation on the 4-hour time frame, and this was confirmed by a strong bearish candle with high momentum. In terms of support levels, the next one I identify is around 5.00/4.500. This is likely to be the target for sellers in the near future. If you are looking to enter the market, it may be worth considering a retest of the broken neckline of the triangle as a potential opportunity...Trade safely 👍✅
Short
by linofx1
1
FIL ANALYSIS🔮 #FIL Analysis 💰💰 🌟🚀 #FIL is trading in an Ascending Triangle Pattern. Buyers failed to breakout the resistance zone. This shows a little bearish signal in #FIL. If there is a breakout in #FIL then we will see a bullish move.🚀🚀 🔰 Current Price: $6.015 🎯 Target Price:    $11.35 ⁉️ What to do? - We have marked some crucial levels in the chart. We can trade according to the chart and make some profits in #FIL. 🚀💸 🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments. #FIL #Cryptocurrency #DYOR
by ZEUS_Market_Alerts
Is Filecoin Going to $0.10 (10 cents)? 99% Crash Coming?Is Filecoin Going to $0.10 (10 cents)? 99% Crash Coming? Filecoin had a BIG TIME rejection. I have warned people! But they alufed at me. I think filecoin can go to $0. If you have bought filecoin above $10, chances are 99.4% you will never even break-even, which is shocking considering some people have bought this at $230! The fact that this coin was $230 and today can't even be $10 after massive bull run, speaks volumes! $0.10 is realistic!
Short
by couldntcomeupwithone
7
FILEUSDTOn-Chain Analysis: On-chain analysis involves studying blockchain data to gain insights into market trends. For Filecoin, we would look at factors such as transaction volume, active addresses, and token distribution. A significant increase in these metrics could suggest growing interest and adoption, potentially driving the price higher. Fibonacci Levels: Fibonacci retracement levels are often used to identify potential support and resistance zones. Traders believe that these levels represent key areas where the price might reverse or consolidate. If Filecoin manages to break through and hold above key Fibonacci resistance levels, it could signal a strong bullish trend. Mass Adoption: Global mass adoption of Filecoin would be a game-changer. As more individuals and businesses adopt Filecoin for decentralized storage solutions, the demand for the token could surge. Increased utility often translates to higher token value. Partnerships, collaborations, and integrations with major players in the tech industry could also fuel adoption. Price Prediction: Given a bullish scenario where on-chain metrics show sustained growth, Fibonacci levels are breached convincingly, and mass adoption takes hold, a $1000+ Filecoin isn't out of the realm of possibility. However, it's crucial to acknowledge the speculative nature of such predictions, and the cryptocurrency market's inherent volatility. Risk Factors: Cryptocurrency markets are highly volatile and influenced by various unpredictable factors. Regulatory developments, technological challenges, or market sentiment shifts can impact prices significantly. It's essential for investors to conduct thorough research and be aware of potential risks
Long
by Kingofdoom7706