FILUSDT trade ideas
FIL/USD Poised for Upward Movement Post-OB Rejection? 👀 🚀💎 Paradisers, focus on #FILUSDT as it displays a promising trading pattern. After experiencing rejection from a bearish Order Block (OB), it is now regaining upward momentum, indicating a strong likelihood of an upward movement following a successful breakthrough above the OB level.
💎Delving into #FILECOIN past market behavior, it has shown a consistent pattern of navigating a descending channel, breaking above, and then initiating an upward trend. Recently, after encountering resistance at the Bearish OB level of $5.755,#FIL retraced to a support level where it previously exhibited a Market Structure Shift (MSS). It’s now showing signs of regaining upward momentum to challenge the substantial supply level above at $9.168.
💎 However, in the ever-changing landscape of cryptocurrency trading, it’s essential to prepare for various possibilities. If #FIL struggles to sustain its current upward trajectory, attention should shift to potential bullish continuity from the support level of $4.228. A descent below this pivotal level might suggest a more significant downward trend. 🌴💰
Analysis and Fil signalWitnessed a good ascending trend of this currency
Reached the one -day supply area specified in the red box
And we saw a negative reaction from the currency and the correction was to be corrected to Ardar Block 4.39
I expect to have a fall up to 3 or close to this price, and then it can touch the higher Targets.
Note when it comes to 2.50 this analysis will be valid
Be sure to enter the spat
FIL target 6.64h time frame
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FIL is breaking above the falling wedge, which is created since dumping from previous high 5.6.
Also, FIL got support from 0.5~0.618 Fibonacci Rettacement and accumulation zone. Next, we can set target with Fibonacci and long-term triangle structure, that is 6.35~6.9
TP: 6.35~6.9
SL: 3.9
FILUSDT Forms Spectacularly Bullish PatterAfter Nearly Two Months of Patient Accumulation, BINANCE:FILUSDT Shatters Consolidation Structure, Piercing the 100-Day Trend Line!
Anticipating a Bullish Pullback to the Demand Zone:
Alternatively, We Can Anticipate a Bullish Surge Following a Brief Consolidation:
whether you agree or have your own insights, share in the comments.
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.
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!