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FIL / WRAPPED CRO on CRONOS (0X218914A1C4253E4B9A4AE8420686C707559743DB) in USDFIL / WRAPPED CRO on CRONOS (0X218914A1C4253E4B9A4AE8420686C707559743DB) in USDFIL / WRAPPED CRO on CRONOS (0X218914A1C4253E4B9A4AE8420686C707559743DB) in USD

FIL / WRAPPED CRO on CRONOS (0X218914A1C4253E4B9A4AE8420686C707559743DB) in USD

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FILWCRO_218914.USD trade ideas

Filecoin ($FIL) Poised for a Breakout from Its Downtrend Body: After a prolonged period within a descending channel, Filecoin ( TSX:FIL ) is showing signs that a breakout could be imminent on the weekly timeframe. The technicals on the chart suggest that TSX:FIL is nearing the apex of a consolidating pattern, characterized by lower highs and higher lows - a classic indication that a significant move is on the horizon. As depicted in the chart, the price action has been compressing, which often precedes a breakout. Notably, the most recent candlesticks have begun to push against the upper boundary of the descending trendline, hinting at an increasing buying pressure. The Fibonacci retracement levels, drawn from the previous swing high to low, indicate potential resistance zones. The price is currently testing a critical juncture near the 23.6% retracement level. A decisive close above this area could validate the bullish thesis, potentially leading to a rally towards the next Fibonacci levels at 38.2% and 50%. Moreover, the volume profile shows thinning volume at higher levels, suggesting that a breakout could lead to a swift move due to the lack of overhead resistance. Traders should watch for a weekly close above the trendline and increased volume as confirmatory signals. On the flip side, it's essential to consider that false breakouts are possible, and support levels should be observed to manage risk effectively. In conclusion, while the downtrend has held TSX:FIL in check for an extended period, the current technical structure provides a compelling case for an upcoming trend reversal. As always, keep an eye on broader market sentiment and news flow, which can have significant impacts on price action
COINBASE:FILUSDLong
by keurcv9jrv
Filecoin: REJECTED AGAIN! 90% crash imminent?Filecoin: REJECTED AGAIN! 90% crash imminent? Here are the reasons for why filecoin is a shitcoin that will drop to $0.10: 1. Despite an extremely bullish cryptocurrency market, filecoin price has remained extremely bearish. This is a huge red flag. 2. Price was $230 in 2021 but now barely $6, which means ppl selling more than buy. 3. Many ppl expect filecoin to pump, which is why it won't. I expect 90% crash in near term!
KRAKEN:FILUSDShort
by couldntcomeupwithone
6
Filecoin ($FIL) Poised To Reach New Annual Filecoin continues its upward trajectory, recently setting a local high at $6.2. However, to reach its annual high, FIL needs to appreciate an additional 75%. Such a scenario is feasible if the upward trend continues, including in Bitcoin's performance. The immediate task for buyers is to consolidate the asset’s price above the resistance zones of $5.61-$5.94 and $6.2. Should FIL’s correction deepen, the coin might drop to buyer zones at $4.83-$5.08, $4.18-$4.50, and $3.94. The depth of any further decline will also depend on the BTC trajectory.
COINBASE:FILUSD
by DEXWireNews
Filecoin Fast Play- All in graphic - Short time Trading with Price Action. ----------------------------------------------------------- Trading Parts ----------------------------------------------------------- Don't buy now ! ----------------------------------------------------------- Method 1 : if Filecoin retrace - Buy Around 3$ - Sell Before 6$ ----------------------------------------------------------- Method 2 : if Filecoin Breakout - Buy After 6$ - Sell Before 9$ ----------------------------------------------------------- - Easy Right ? - i repeat again : DO NOT BUY NOW. Happy Tr4Ding !
KRAKEN:FILUSDLong
by thecryer
2
Filecoin's (FIL) Uptrend Linked To Bitcoin's Rally Filecoin (FIL) Filecoin has continued its rise that began in mid-May. Since October 19, the asset has appreciated by 80%, reaching a local high of $5.65. At present, FIL is trading between the support zone of $4.46-$4.73 and the resistance of $5.33-$5.65. Continuing the upward trend is the favored scenario for the asset. The next levels of resistance are located at $6.0 and $6.3. Should there be a deeper correction, FIL could fall to the $4.16 level, and may also retest the support range of $3.7-$4.0. The potential for a more substantial decline in the FIL price will be directly linked to Bitcoin's performance.
COINBASE:FILUSDLong
by DEXWireNews
✴️ Filecoin | Beyond $6 Pretty Easy...I would like to call Filecoin (FILUSD) to your attention, we have a mixture of strong bullish signals coming up right now. Let's dive straight in! FILUSD closed above EMA50 with the highest volume daily since June. We have a rounded bottom, a very strong reversal pattern. A mid-term higher low is also in place. Yesterday's session closed at the high of the day. MACD & RSI are both bullish. These chart signals are telling me that Filecoin can move really soon. ➖ $6 is an easy target. ➖ $4.5 possible fast. More details on the chart. Namaste.
GEMINI:FILUSDLong
by AlanSantana
1
FILUSDT"As we enter the bullish season, the initial target to aim for is target : 68 🎯. This is based on a combination of technical analysis indicators and market trends. However, it's important to approach trading with caution and adapt to changing market conditions. Keep an eye on key support and resistance levels, as well as any significant news or events that may impact the market. Remember to use proper risk management techniques and consider setting profit targets along the way. Happy trading!"
COINBASE:FILUSD
by MKO_Trading