FILUSDT Technical Analysis
⏳ Spot
💎 FILUSDT had formed a Wedge pattern. After that it has been moving along the ascending channel and has been making HHs and HLs. I expect that it continues to go higher along the channel. It might go lower for a Pullback.
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at market or 60.00
☕️ TP1 77.00
🍺 TP2 95.00
🍻 TP3 117.00
🍾 TP4 ______
🍷 TP5 ______
🍸 TP6 ______
🍹 TP7 ______
🎁 TP8 ______
🚫 SL 55.00
Good Luck 🎲
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Filecoin
FILECOIN CASE STUDYHi,
This is FILECOIN ranked 27th on coinmarket cap. As you can see price is returning back to the breaker. As market structure being shit and price coming back to breaker it is my fav play. I'll keep an eye on it.
How it reacts at the breaker so I'll look for some long setups. Keep an eye on FILE COIN it can move to the upside back to $70 again.
All the best!
FILE COIN LONG IN BINANCE AND KUCOUN
R/R with first target is about = 2 !!!
but you need money management in this trade because of my stoploss price !!!
you can set a "buy stop limit" order on the trigger price !!!
after that sell 50% of your position on tp1 and upgrade your stoploss to your trigger price and wait for tp2 or more ... it means : risk free !!!!
just like and folowfor more ... 8D
FIL Critical Resistance for Long termNot the most usual way to draw a channel , yet the full picture shows a descending pattern.
August Dildo Weekly candle has already broken above that channel! which I see as a bullish sign! let's watch Price action
If we fail to break out , well everything on the chart !
DYOR , Just a Noob !
It is fair to mention that Fil is a super solid project , with great team! Not necessarily in terms of marketing! But fundamentals are strong.
Filecoin aims to store data in a decentralized manner. Unlike cloud storage companies like Amazon Web Services or Cloudflare, which are prone to the problems of centralization, Filecoin leverages its decentralized nature to protect the integrity of a data’s location, making it easily retrievable and hard to censor.
Decentralized storage systems like Filecoin allow people to be their own custodians of their data, as well as makes the web more accessible to people worldwide. Since participating in the Filecoin network by mining and storing is directly related to winning more block rewards, Filecoin incentives participants to act honestly and store as much data as possible
Filecoin (FIL) Possible Short Squeeze Incoming....25-90% UpsideFilecoin looks set for a massive bounce for the following reasons:
1.) Recent overly exaggerated downside move due to China FUD, and usually this sort of fundamental FUD is followed by strong bounce.
2.) Upcoming Filecoin Launchpad Demo Day around the corner on 9/28 could be the fundamental boost needed to help Filecoin recover sentiment.
3.) Filecoin has been one of the most sold off coins the past 6M, 1M, and 1W (-65%, -32%, and -25% respectively)
4.) FILUSDSHORTS approaching recent highs, due for short covering / thereby increasing buy pressure.
Here I present 3 fractals which are based on the recoveries from similar capitulations in the past.
FIL/USDT ChartFIL performance has been quite bad since march/april, but the good news for $FIL holders is that the coin is expected to have a good pump to 100$-120$. ATH for FIL is probably not gonna happen. I say that for two reasons. The first one is that the coin barely can reach the 120$ resistance, and the second one is because FIL has big pump and dumps. Like, follow e comment what you think!
FIL/USDT Ready for 50% move from here..?#FIL/USDT Fresh Setup Update:-
$FIL looks good at this level.
Strong support at 0.7 Fib level.
We can expect bounce from here and If close above 0.6 Fib level then Very Good for Upward movements.
Entry:- $60-$62
Targets:- $71/$81/$100
Stop Loss:- $57
But I am waiting for daily close.
Support:- $58
There're 2 possible scenarios for FILFirst of all, I have to point out that according to Elliot, we need another correction.
In terms of time, we can expect the correction to end near one of the Fibo time levels, so it is likely that another correction is underway as in the previous photo.
According to the previous two points, there are two scenarios. The red trend line and the close supports of Fibonacci 0.618 and 0.5 are important points to check the reversal of the trend for buying position.
If FIL can breaks PRZ (about 90 $) upward and stabilizes, there will be no correction.
Always make your analysis before a trade
It is not offer to trade.
Good luck
Is FIL going to breakout soon? Here's a quick look at FIL 1 hr chart. As we can see, the price has been going sideways and has printed a symmetrical triangle. Definitely one to keep an eye on. The best entry would be, when the price breaks above the symmetrical triangle with good amount of volume .
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The idea is: Buy the breakout from the symmetrical triangle and take profits at the levels shown in the chart.
Targets:
- Profits can be taken in the resistance zone .
1. 88$
2. 96$
3. 101$
4. 109$
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