Filecoin is moving upwards along with the entire cryptocurrency market. Not only that, but Filecoin has significantly outperformed many altcoins in recent days.
Is this the end of the rally? No, we do not believe so. Instead, we expect a soon-to-come surge to around $12. For a long entry, we will wait initially for the price to correct to approximately $7.08. This way, we optimize the risk-reward ratio for our trade. The hidden bullish divergence in the Accumulation Distribution indicator is very pronounced, indicating favorable chances for an imminent explosive surge.
Is this the end of the rally? No, we do not believe so. Instead, we expect a soon-to-come surge to around $12. For a long entry, we will wait initially for the price to correct to approximately $7.08. This way, we optimize the risk-reward ratio for our trade. The hidden bullish divergence in the Accumulation Distribution indicator is very pronounced, indicating favorable chances for an imminent explosive surge.
Note
Approaching entry zoneTrade active
Now entering the trade as it is not sure whether the price will come down to our entry point. RRR still above 2:1, so we do it :)
Note
Should have followed the original idea. Never mind. We'll get profit anywayNote
After the sharp correction on 28th February, we completed an ABC correction pattern. Market moving upwards, so another Wave 3 is expected. Filecoin should reach around $10.20 soonNote
Wave 3 is running as expected. Price should reach $10.20 soon, maybe tomorrowNote
Still proceeding....Trade closed: target reached
FILUSD hit our TP last Friday.Congrats to all traders!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.