FILUSDT trade ideas
FIL Filecoin Double Bottom Chart PatternFIL (Filecoin) has shown an encouraging chart pattern with the formation of a double bottom, indicating the possibility of a bullish reversal. This pattern suggests that selling pressure may have reached a bottom, potentially leading to a shift in momentum.
With the double bottom pattern in play, FIL has the potential to experience an upward price movement, and your first price target of $5.60 seems within reach. As market sentiment improves and buying interest strengthens, FIL could witness significant price appreciation.
Looking forward to read your opinion about it!
Bullish Reversal Potential on $FIL: Falling Wedge PatternGreetings, Traders! Today, I'm thrilled to share an intriguing technical analysis discovery on the stock of Filecoin ( TSX:FIL ). A falling wedge pattern has emerged, indicating the potential for a bullish reversal in the near future. Let's dive into the details!
📈 Ticker: TSX:FIL
📅 Timeframe: Daily Chart
📊 Pattern: Falling Wedge
📉 Understanding the Falling Wedge Pattern:
A falling wedge is a bullish chart pattern characterized by converging trendlines that slope downward. Typically formed during a downtrend, it suggests diminishing selling pressure and the potential for a reversal. This pattern indicates the possibility of an upward price movement.
🔍 Identifying the Falling Wedge on TSX:FIL :
Upon analyzing the daily chart of TSX:FIL , the following observations come to light:
1️⃣ Recent downtrend: TSX:FIL has experienced a decline in price over the past weeks.
2️⃣ Converging trendlines: The upper trendline connects the lower highs, while the lower trendline connects the lower lows.
3️⃣ Decreasing trading volume: As the falling wedge pattern forms, the trading volume has been declining, indicating a potential reduction in selling pressure.
📈 Price Targets and Trading Strategy:
If the falling wedge pattern on TSX:FIL plays out as expected, a potential bullish breakout above the upper trendline might occur, signaling a reversal and potential price appreciation. Consider the following price targets:
1️⃣ Target 1: Resistance level near $80.00
2️⃣ Target 2: Psychological resistance near $100.00
🛡️ Risk Management:
Implement the following risk management techniques to protect your capital and manage risk effectively:
1️⃣ Set a stop-loss order below the lower trendline to safeguard against unexpected price reversals.
2️⃣ Adjust position size based on your risk tolerance and overall portfolio management strategy.
🔔 Conclusion:
Stay watchful as Filecoin ( TSX:FIL ) continues to develop this falling wedge pattern. The formation suggests the potential for a bullish reversal in the near future. However, please remember that technical analysis has limitations, and market conditions can change. Consider incorporating additional analysis and fundamental factors before making any trading decisions.
Disclaimer: This post is for informational purposes only and should not be considered as financial advice. Always conduct your own research and consult with a qualified financial professional before making any investment decisions.
Happy Trading! 📈💰
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Filecoin (FIL) formed bullish Cypher for another price reversalHi dear friends, hope you are well and welcome to the new trade setup of Filecoin (FIL) coin.
Previously we caught almost 20% pump of FIL as below:
Now on a 4-hour time frame, FIL has formed a bullish Cypher move for another price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
#FILUSDT #LQR #TOBTC #LaqiraProtocolIt is at its lowest level since 2020 if correction reaches the resistance level of 4.143 and confirms that you can open a short position dynamic resistance is a fourth collision and there is a possibility of a break. After confirmation you can open a position This analysis is not an offer to buy or sell
FIL ANALYSIS (4H)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/SELL the FIL symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Good entry from these prices as I mentioned in my latest BTC TAQuick information about the current market liquidity so you know what to do:
Bitcoin dominance: 49.15%
USDT+USDC dominance: 11%
Ethereum dominance: 20.66%
BNB+XRP dominance: 6%
Total dominance: Approximately 90%
This means that liquidity for all other currencies is less than 9% of the total market cap, which is 1 trillion dollars. It is wise to hold onto your coins in this situation or enter a long trades because there is a high probability of other currencies experiencing a significant price increase from their current levels. Just make sure to manage your capital wisely.
Best of luck! 🌷
FILUSDT something truly exciting in the market!!👀
💎 FILUSDT makes a breakout from a triangle pattern, hinting at a potential market transition.
💎There’s an unmitigated order block acting as a support level.
💎 If the price breaks below the support level of 3.889, it's expected to retest the order block
💎 If the price sustains above the order block during this retest and begins to display bullish price action, it could be a positive indicator.
💎 In the ever-evolving crypto landscape, staying informed and flexible is crucial. Stay tuned for more updates and enjoy your trading journey!
FILUSDT is about to Initiate the second wave of surge ?FILUSDT is about to Initiate the second wave of surge ?
This figure shows the line chart chart of FILUSDT in the last year. The bottom of FILUSDT is superimposed on the golden section in the figure. As shown in the figure, the highest point of the FILUSDT after bottoming has touched the 2.000 position (9.45) of the golden section above the bottom! Recently, the FILUSDT has retreated against the downside and rebounded against the strong support near the 0.618 level (4.51) of the golden section! However, due to the impact of yesterday's (June 5th, 2022) news, the lower limit was breached! In the future, we will focus on whether FILUSDT can achieve a daily closing below 4.51 for three consecutive trading days! Once the daily line is closed below it for three consecutive trading days, there is a high probability that we will have to explore the vicinity of the 0.382 position (3.71) of the golden section! If it returns to above 4.51 within three trading days, then FILUSDT is still in a relatively strong range!
TRADE OF THE DAY | FIL showing bearish divergence | Potential 9%TRADE OF THE DAY | FIL showing bearish divergence | Potential 9%
Whilst a lot of assets right now are showing some nice breakouts, FIL seems to be doing the opposite with show a few bearish key signs, most notably a bearish divergence whilst being overbought and getting rejected from the 50 Daily EMA. The take profit is set slightly below a 1:1 due to there being a key local support right around target - it makes sense not to risk putting it over for the sake of a very small improvement on the RR.
Be cautious as there are a couple of untested weekly pivots above one around 4.766 which is likely to be filled given its small distance although the one to really watch is sat at 5.1 that can break the trade down.
FILUSDT weekly support and resistance levelsHere the relevant support and resistance levels for this pair on high time frame. The price broke down from weekly level WR1 and hit the weekly support level WS1 and bounced from there. It is currently trading between WR1 and WS1 zone. If the price hit the support zone WS1 again, that will provide a long opportunity. On the lower time frame the price seems to be tending to go down.
✴️ Filecoin Recovery Will Lead To Higher HighHere we have a very simple yet strong signal on FILUSDT.
Look back to 16-December 2022.
We have a breakdown of support right before a major bullish wave; The stop-loss hunt event.
Move forward to present time and notice the break below support 7-May, the market movers and trying to shakeout people before a major bullish move.
This breakdown normally precedes a wave up.
We are now seeing a recovery on FILUSDT within a long-term higher low.
This whole pattern can lead to a higher high... Simple signals yet strong.
We will know how it goes based on the results.
This is not financial advice.
All the information shared here is for learning and entertainment purposes only.
I hope you enjoy the content and find it enlightening.
Namaste.