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.
Comment:
Approaching entry zone
Trade 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 :)
RRR still above 2:1, so we do it :)
Comment:
Should have followed the original idea. Never mind. We'll get profit anyway
Comment:
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 soon
Comment:
Wave 3 is running as expected. Price should reach $10.20 soon, maybe tomorrow
Comment:
Still proceeding....
Trade closed: target reached:
FILUSD hit our TP last Friday.
Congrats to all traders!
Congrats to all traders!