FILUSDT trade ideas
FILUSDTHi friends...
as i told before, i opened this position again on 3.365... but we may have more drop to 3.275..
so i will use two point enterance to it...
at this price this coin is low risk...
this is my own trade & is not a advice for you... you must manage your fund with your own TAs & management...
best regards
Filecoin: Trapped in a Freaky BoxThis is just one of my observations on recent data on Filecoin.
I began with the main Downtrend Channel based off four touch points.
Then I placed a potential uptrend channel of the same size and manner based off three touch points.
Then I build the 3D Freaky Box.
It seems to be following these structures based off the both Channels, and the Freaky Box Levels.
This is not financial advice.
I purchase FIlecoin as an investment, so, I generally do some TA on the Daily Timeframe or higher and typically, it's unique :D
Enjoy and Lucky Trading,
Mr. Storm
Price Reaction To Support LevelsThe price of FIL is currently within the $3.86 to $4.00 support range. This range acts as a crucial area to support the price and may prevent further declines. If the price stabilizes within this range, an upward movement towards higher levels could be expected.
Potential Scenarios:
Maintaining Support and Moving Upwards:
If the price holds within the $3.86 to $4.00 range and stabilizes, there is a possibility of rising towards the $4.20 and $4.40 targets. These resistance levels could act as short-term price objectives.
Breaking Support and Continuing the Downtrend:
If the price fails to maintain this support range and drops below $3.86, selling pressure may increase, leading to a move towards lower levels. This scenario would indicate buyer weakness and strengthen sellers in the market.
#FIL/USDT#FIL
The price is moving in a descending channel on the 12-hour frame and is sticking to it very well and is expected to break it upwards
We have a bounce from a major support area in green at 3.46
We have a downtrend on the RSI indicator that was broken upwards which supports the rise
We have a trend to stabilize above the 100 moving average which supports the rise
Entry price 3.50
First target 372
Second target 3.83
Third target 4.00
Fil/Usdt Idea Fil/Usdt is attracting buyers' attention, with the price attempting to break out on the 4-hour timeframe. A successful breakout could lead to a strong bullish move in the short term. Keep a close watch on this development. Remember, this is not financial advice; always do your own research (DYOR).
Filusdt Buy opportunityFilusdt faced a significant rejection upon testing the intermediate supply zone and later found support after tapping into strong liquidity near the all-time low (ATL).
The plan is to enter a long position from the provided buy zone, adhering to the stop-loss levels indicated. The target for this move is detailed on the chart.
Share your thoughts on this analysis and the potential of this zone.
#4 alt-coin to the bag before alt season 2024 (FILECOIN) When i started to put together a portfolio for 2024 i wanted to look for coins with high development, a good usecase or a reason for a good narrativ at least, and a good technical chart.
FIlecoin er a coin is a coin that offers contract-based storage,and storage is a HUGE DEAL in a digital world based on data. Filecoin has a lot of DEVELOPMENT, GOOD USE CASE AND HIGH DEVELOPMENT.
There is not many competitors in the space for filecoin, Arweave must be the only real competitor.
Arweave offers permanent storage, while Filecoin offers contract-based storage. On Arweave, you pay a one-time upfront fee to permanently store your data. Once uploaded, it will never be deleted, and there are no hidden charges (egress fees) for when you need to retrieve and use your data.
In my opinion there is a lot of coins that compete and filecoin is chinas answer to Arweave, in the same way NEO is chinas answer to Etherum.
I dont want to pick country, but i will choose both ETH and NEO, Filecoin and arweave.
That said FIlecoin look good right no, Filecoin added to the bag!
FIL is rebounding from the $3.03 support levelFIL is rebounding from the $3.03 support level. This level has acted as a critical point for supporting the price, and signs of a trend reversal may emerge here. However, the overall trend remains bearish, and the price must break key resistance levels to confirm a trend change.
Support and Resistance Levels:
$3.03 Support Level:
This is the primary support level from which the price has bounced. Maintaining this level could indicate short-term price stability.
$3.77 Resistance Level:
This is the key resistance level, and if the price can surpass it, it may signal a trend reversal and the beginning of a new upward movement.
$3.54 Support Level:
This is the next support level where the price might fluctuate before reaching the resistance.
Potential Scenarios:
Breaking the $3.77 Resistance:
If FIL can break through the $3.77 resistance, the price may move towards $4.00. This could confirm a trend reversal and the start of a new upward movement.
Failure to Break Resistance:
If the price fails to break the $3.77 resistance, it might return to the $3.03 support level, leading to further fluctuations or even declines.