FILUSDT FILUSDT is making lower lows and also breaking the descending triangle. If it retraces to a Fibonacci level, it could provide a good entry."
FILUSDT trade ideas
FIL Long Term AnalysisBack again with another banger. So far i've been analysing a series of low cap tokens all of which have skyrocketed since my last post. If you haven't alreadyseen them, I highly suggest checking out my previous analysis for some eye-opening insights.
Today's post is about TSX:FIL token, it's expected to do great things in the next bull cycle and the chart screams it. So far we price is at resistance so it would be very interesting to see what will happen in the coming days, will either short it if BTC crashes or continue spot buying if she consolidates.
I've carefully set my price targets for TSX:FIL tokens, keeping in mind the long-term game plan. These ambitious targets are definitely achievable during the next bull market too. File's current Mcap at the time of writing is $2,3B/Top 30; and is 85x away from its ATH so we'll see how mad she can go.
I will surely come back and do an updated analysis on this chart for those who will miss out on buying it, so make sure to stay tuned!
As always stay blessed and NFA...
SasanSeifi 💁♂ FIL/USDT DAILY ⏩ $4.30 / $4.50
In the daily time frame, as you can see, the price has experienced growth, moving from the demand zone and breaking through the $3.50 resistance, reaching the price range of $4. Currently, it seems like the price is in the process of completing a pullback.
What we can expect is that, after gathering liquidity and with a confirmed confirmation, the price may grow from the liquidity void area back to the $4 price range, as indicated in the image above. The significant support levels in the daily time frame are $3.50 and $3.
🔵Remember, always conduct your own analysis and consider other factors before
making any trading decisions. Good luck!"✌️
❎ (DYOR)...⚠️⚜️
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!
if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌✌
✴️ Filecoin 4th Day Green | Everything Starts Growing?Is it me or everything is already starting to speed up as Mercury stations direct?
I don't think is me, the market is starting to heat up following our September 2023 Roadmap .
Hold on, let's try again.
It is no longer a "feeling", a "prediction" nor "astrology woohoo"... The Altcoins market is starting to move forward, I can see the pairs, the prices, the value, the capitalization, everything going up.
✔️ Filecoin (FILUSDT) found support and with bullish indicators is starting to rise.
✔️ Three days green and today is the fourth day, follow through is in place.
✔️ Consolidation pattern broken, bullish divergence... The low volume will now start to go up.
✔️ It's been a very long correction, the entire year basically (since February) but this is definitely the final call.
👉 The Cryptocurrency market is going bullish, Filecoin is just one of those.
Namaste.
FilecoinFIL / USDT
Filecoin is likely to move as i show you in my chart
The first strong resistance here is 5$ which is very important for monitoring when we resch there
FILE FAKEBREAKOUT PATTERNThe current area support is very suitable for continuation of the upward trend
15-Minute Technical Analysis of FilecoinWe can observe a 15-minute demand area that shows promising confluence with a trend line. If the price manages to hold this zone, we can anticipate the continuation of the uptrend. However, it's essential to keep in mind that if this area is breached, a reversal in the 15-minute timeframe may be expected.
#FIL/USDT - Long - Potential 87.47%Strategy: Long
Exchange: BINANCE
Account: Spot
Entry mode: DCA Limit
Invest: 0.5 - 1%
Take Profits:
Target 3 : 7.977 104.64%
Target 2 : 6.002 53.98%
Target 1 : 4.711 20.86%
DCA Entries:
Entry 1: 4.232 - 50%
Entry 2: 3.546 - 50%
Current market price: 4.232
Stop Loss:
2.913 (-25.27%)
Analysis:
FIL has broken its 200MA peaking my interest in a very solid ALT at the start of a bull run.
With Spot ETF's increasing demand and the halving constricting supply (and multiple extremely bullish technical indicators) BTC and therefore the crypto market as a whole is looking bullish.
Traditionally the volume making its way into BTC would trickle down through the ALTS in order of market cap however the presence of looming regulation over the 2024 bull run will require traders to be more selective in the ALT market that previous bull runs where almost all ALTs caught enough volume from BTC to pump.
ETF applicant Greyscale recently published their analysis of the ALT market and included FIL amongst their 'assets with utility and service' section highlighting it as the standard in its asset class.
Why? Well FIL has a very real world utility. Data storage is not only a massive industry it is a massive growth industry and FIL presents a needed solution to the problem of centralisation that affects market leaders Cloudflare and AWS. Decentralized networks are resilient because the storage doesn't have a single point of failure. FIL offers data immutability, enhanced privacy and therefore better overall security. It also protects the integrity of a data’s location, making it easily retrievable and hard to censor.
I think FIL is therefore a 'best in class' ALT with massive upside potential in the market.
Technical indicators:
FIL is currently sitting in a large bank of buy orders (shaded rectangle) stretching from market price all the way down to 2.35 with a real concentration around 3.141 hence the stop loss positioning.
We've broken out of two bullish pennant / wedge structures (solid white and dotted white lines on the chart) showing that long and mid term downtrends have been broken and the RSI is showing strong upward momentum with loads of room before we hit overbought. Even then the last time the RSI breached 80 and went overbought price spiked a further 25% (Feb 15th).
We are about to move into sell order territory, breaking up from here is possible if BTC breaks and pulls in liquidity, if not and BTC retraces I'd expect the large caps to follow suit hence the DCA order at 3.54 (this may be a little low so be prepared to 'buy the dip' if price rebounds early in the case that BTC does correct).
TP's are derived from the FIB on the chart aside from TP1 which its the top end of the sell order block overhead. The idea being here that if we do get rejected we might wick up to this point.
24h Volume: 32516103.8382
Satoshis: 4.232
Analysis: TradingView
Volume last 24h: 32516103.84 USDT
Let me know what you think or f you have any questions!
FIL/USDT LARGOOrderbook supports the bullish scenerio here with a wick to grab liquidity creartin a deviation and reclaim back in range, watching higher inefficines to be tapped now,
Gl
FIL Unlocking Potential: The Perfect Entry Point for Profits 💰Welcome to our crypto exploration hub! We're here to navigate the exciting world of digital assets, providing you with comprehensive insights into market dynamics and potential trading opportunities.Our mission is to decode the crypto market's mysteries and equip you with the knowledge you need to make informed investment choices. From the latest developments in Bitcoin to the hidden potential of various altcoins, we're your trusted source for daily technical analysis.While technical analysis is a valuable tool, it's important to remember that it's just one piece of the puzzle. We encourage you to take a well-rounded approach to your investments, considering factors like macroeconomic trends, news, and community sentiment.Join us for the freshest analyses, and don't hesitate to join the conversation in the comments below. Keep in mind that our content is purely for educational purposes and should not be construed as financial advice. Always integrate it into your broader investment strategy."
#FIL/USDT is testing the major resistance zone PMH $3.99#FIL/USDT is testing the major resistance zone PMH $3.99 in 4-Hour TF!
TSX:FIL needs to break the PMH to gain the bullish momentum. If it rejected from the zone, we can short it.
#FILUSDT first local support level is PDL $3.71.
FILECOIN FILUSDTI will LONG 3,57 DCA 3.475, orange box. Looks bullish to me. There is OB at those levels...
FIL NEW VOLUME INCREASEFIL shows the new volume range for the day trading.
China-connected coins have the least time trend of increase
#FILUSDT #LQR #TOBTC #LaqiraProtocolAfter breakdown of the 3.6 Target 1 of the 4.1 and 4.2 Zone and the correction is expected from this Level.you can find the reasons for entering the sell after confirmation in this Level according to your personal strategy. If strong breakdown of this Zone.you can reasons for Buy After correction This analysis is a personal view and is not an offer to buy or sell.
FIL/USDT potential move? 👀 🚀 FIL Today Analysis💎 Paradisers, gear up for a promising prospect with FILUSDT as it firmly anchors to a crucial support, signaling a potential bullish shift.
💎 In our past assessments, FILUSDT displayed a pattern of descending channel movement. However, post its breakout, it embarked on an upward trajectory, only to face rejection from the overhead supply.
💎 Currently, it's revisiting the descending channel, which intriguingly now serves as a support. Our analysis suggests a strong likelihood of the price challenging the supply zone once again in the upcoming sessions.
💎 On the flip side, should FILUSDT fail to sustain its momentum above the support and breach it, brace for a notable downward movement.
💎 Remember to employ prudent trading strategies and use proper stop-loss measures! Stay alert to market movements and look forward to more insights
FIL reaches the TP zone of the small double bottom, what's next❓⚙️The action we have to do after achieving the goal is to reduce holdings and look forward to higher goals without risk☕️🎯
Let's see👀
🔔If you also want to improve your trading skills, then you can contact Wolf king 💌and we will set up traps for hunting together.🕳💰🍻
Filecoin (FIL): Can It Break Free from Bearish Grip?In the ever-fluctuating world of cryptocurrencies, investors and enthusiasts are closely watching the price movements of Filecoin (FIL) as it
attempts to break free from the clutches of persistent sellers and consolidate its position in the market. While other digital assets have shown
signs of bullish momentum, Filecoin has struggled to make significant gains, and it remains entrenched in a broader downtrend.
A Battle to Sustain Above the 20-day EMA
Filecoin, like many other cryptocurrencies, has had its share of ups and downs. At the moment, it is making a concerted effort to sustain itselfabove the 20-day Exponential Moving Average (EMA). This key indicator is often used by traders to gauge short-term trends and marketsentiment. For Filecoin, however, this hasn’t been an easy task, as persistent selling pressure has made it challenging for the bulls to gaincontrol.
Filecoin’s Ongoing Downtrend Amidst Bullish Crypto Market
While the overall sentiment in the cryptocurrency market has been bullish, Filecoin seems to be moving against the tide, remaining in a consistent downtrend. The coin has been forming lower lows, indicating a general weakening of its position despite the broader positivity in the crypto sphere. Investors and traders are keen to understand the factors contributing to this trend and whether there is any hope for a reversal.
The 38.2% Fibonacci Retracement Zone: A Potential Turning Point
One glimmer of hope for Filecoin is its current position near the 38.2% Fibonacci retracement zone. This is a critical level for technical analystsand traders as it often serves as a turning point for assets experiencing corrections. Buyers have been making determined efforts to initiate afresh recovery, setting their sights on a crucial swing barrier at $3.40. The question on everyone’s mind is whether this zone will serve as alaunching pad for Filecoin’s resurgence.
Resilient Buyers Amidst Selling Pressure
Despite the prevailing downtrend, Filecoin’s buyers have displayed remarkable resilience. They have consistently absorbed the sellingpressure, indicating their commitment to preserving gains. This resilience hints at a potential shift in the balance of power in the market.Investors are cautiously optimistic that this might be the catalyst for a much-anticipated upward trend.
Understanding Filecoin’s Unique Challenges
To make sense of Filecoin’s struggle within the cryptocurrency market, it’s essential to consider some of the unique challenges the projectfaces. Filecoin is a blockchain-based, decentralized storage network designed to provide secure and efficient data storage services. However,the decentralized storage sector is highly competitive, and Filecoin faces stiff competition from other projects offering similar services.
One of the significant factors impacting Filecoin’s performance is its direct relationship with data storage supply and demand. The token’svalue is inherently linked to the utilization of its storage services. Therefore, any fluctuations in the demand for decentralized storage can havea direct impact on Filecoin’s price.
The Role of Persistent Sellers
One of the primary factors suppressing Filecoin’s price is the presence of persistent sellers. It’s not uncommon for cryptocurrency markets tohave a mix of long-term investors and short-term traders. Short-term traders often seek to profit from price volatility, and their activities canlead to frequent price fluctuations.
While long-term investors may hold onto their FIL tokens in anticipation of future value, short-term traders may sell in response to short-term market dynamics. This constant supply of tokens in the market can create downward pressure on prices.
Technical Analysis and the Fibonacci Retracement
Technical analysis plays a significant role in evaluating the potential price movements of cryptocurrencies. The 38.2% Fibonacci retracement level, as mentioned earlier, is a key tool used by analysts and traders. This level often serves as a support or resistance zone, where price trends can reverse or gain momentum.
A Glimpse of Hope at $3.40
As Filecoin’s buyers focus on the swing barrier at $3.40, it’s a price point that holds considerable significance. Breaking through this barrierwould not only represent a technical victory but could also signal a change in market sentiment. Traders and investors often look at roundnumbers and historical price levels as important psychological and technical levels. Successfully surpassing this barrier could set the stage fora more substantial recovery.
Potential for a Reversal
While Filecoin’s challenges are evident, it’s important to remember that the cryptocurrency market is known for its volatility andunpredictability. Sentiments can change rapidly, and what may seem like a downtrend could suddenly reverse course.
Filecoin’s unique position in the decentralized storage space, combined with the determination of its buyers and the technical analysis at play,provide a glimmer of hope. If the market sentiment shifts, and demand for decentralized storage increases, Filecoin may see a resurgence.
Good short positionWe reached the top of the channel and broke the trendline on 15min time frame. A short position with SL of 3.48$ can be entered.
TP1: 3.28$
TP2: 3.13$
DYOR
Goodluck
FILUSDT ( Filecoin) signal 🚀🚀🚀🚀Hello traders and Hodlers !
Its very very nice and certain Buy signal for filecoin
Above 100% profit in a few weeks .
Buy in demand zone and sell in sup zone.
Enjoy of the crypto often 😉
Good luck
The crazy difference in the price of FileCoin with its ATH7000% left to reach ATH
It is a fact that this project is one of the strongest projects in the field of Web 3, but apart from this, it is tempting to bet on such a profit.
6Fibonacci levels and 750%profit!😮
FIL PredictionFIL spot or future can take or exit from their positions at following levels, should draw these lines for future pending orders, please note that to achieve these great targets you can wait for big period of time
$FIL -.Potential to Increase 1700%TSX:FIL
FIL currently worth around US$3.38 with a decrease of around 98.6% from its record high of $236.24 reached in April 2021.
Meanwhile, Filecoin's price to capacity ratio has fallen from $19.45 per EiB in April 2021 to the current value of around $0.27 per EiB, or a decrease of around 99%.
“AI is experiencing a moment of rapid growth".
Time FIL to FLY
