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.
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Approaching entry zone
Trade active
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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 :)
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Should have followed the original idea. Never mind. We'll get profit anyway
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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
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Wave 3 is running as expected. Price should reach $10.20 soon, maybe tomorrow
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Still proceeding....
Trade closed: target reached
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FILUSD hit our TP last Friday. Congrats to all traders!
If you zoom out to the weekly, you'll see a downward trend line on the candle wick tops, that nicely intersects with your yellow upward slope, at about $7.55. Volume is still surprisingly low causing a lot more volatility. Everyone seems to be running around UNI today.
kenneths
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nice. check out the weekly chart, and measure😉
TrillionGBP
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Corgi on FIL to 100M MC
TheCoinCowboy
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On coinbase just now, someone has an order in for over 1.2 million FIL at a price of 8.42...follow the money!!!!!