FIL/BTC 4HFIL/BTC has drawn a triangular wedge and is rehearsing an upward movement, it should only stop at the subsequent congestion layer of the Ichimoku cloud, which layer has trapped it for a long time. Passing it, it quickly hits the target.
Filecoin is a decentralized protocol that allows anyone to rent spare storage space on their computer. The Filecoin mainnet was launched in October 2020.
FILBTC trade ideas
#FIL/BTC 1DAY UPDATE BY CRYPTOSANDERS !!Welcome to this quick FIL/BTC analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason of trade:-FIL/BTC PARALLEL CHANNEL and buy the green zone and (SPOT CALL)
Entry:-0.000251,0.000280
Traget:- 70%
Stoploss:- 0.000225
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
Filecoin Full Correction Completed | Strong Bullish SignalsWe are looking at the weekly timeframe for Filecoin (FILBTC), which means that the signals here are really strong.
We have a perfect falling wedge pattern breaking bullish and a bounce at long-term support.
Prices are bouncing at the May 2020 support level.
We have a volume breakout this week...
And a young bullish cross on the MACD:
We also have long-term hidden bullish divergence with the RSI and MACD (since September 2019).
Namaste.
FIL LongFIL/BTC has broken out of the longest term downtrend resistance. From current price it's 112% to the daily 200MA, 162% to the low end of the resistance zone and 257% to the top of the resistance zone. FIL/BTC did create the lowest low so I fully expect a lower high which is demonstrated by FIL/USD targets that are less than 50% of FIL's ATH.
FILBTC had a breakout from the Falling WedgeThe price had a breakout from the huge falling wedge and now is going to test the previous resistance as new support around 0.000553.
The price had a breakout from the 4h dynamic resistance too and got the rejection from the 0.382 Fibonacci level on 4h timeframe.
How to approach?
IF the price is going to have a breakout from the 0.006, the 0.5 Fibonacci level, we can add to our watchlist, and According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
FILBTCBullish on FILBTC in the interim still. Expecting FIL to bounce here and make a run up to the top of this range. For those of you who are unfamiliar with FILBTC, this chart represents Filecoin’s performance vs. Bitcoin’s performance. Of course, for Filecoin to perform well, Bitcoin must perform well too. I expect both to bounce off this recent pullback.
💡Don't miss the great buy opportunity in FILBTC @FilecoinTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.000770).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. FILBTC is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 60.
Take Profits:
TP1= @ 0.000857
TP2= @ 0.000893
TP3= @ 0.000938
TP4= @ 0.000971
TP5= @ 0.001061
SL= Break below S2
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💡Don't miss the great buy opportunity in FILBTC @Filecoin Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.000770).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. FILBTC is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 60.
Take Profits:
TP1= @ 0.000857
TP2= @ 0.000893
TP3= @ 0.000938
TP4= @ 0.000971
TP5= @ 0.001061
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
FIL/BTC buy signalFIL is getting stronger on this pair
Price may continue to grow
Here's my target (mid-term)
about
Filecoin (FIL) is a cryptocurrency that powers the Filecoin network, a decentralized peer-to-peer file storage network that aims to let anyone store, retrieve, and host digital information.
FIL tokens are used as payment for these services and as an economic incentive to ensure files are stored reliably over time.
FIL / BTC - Broke out of Daily Falling Wedges (Twice)Filecoin was in a giant falling wedge on the daily, we broke out, never reached min target, but also never broke back down into the old wedge when re-testing. Instead, we've rode the top of the wedge we broke out of, bouncing off of it and creating yet another falling wedge above the original structure. Now, we've broken out of the upper falling wedge.
Let's see if we get back on track for our original min target (1 target line in white left of the other two), and I've indicated the newer falling wedge min target and TP 2 on the chart (2 target lines in white on the right side)
Alternatively, get below the green box and we could see more down, until then I expect that to be our support area before moving up.
FILBTC is testing the 0.618 Fibonacci levelFILBTC is testing the 0.618 Fibonacci level after a bounce on the daily support. IF the price is going to satisfy all our rules, According to Plancton's strategy (check our Academy ), we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.