jazerbay

FIL (Filecoin) bull run ~Price Points/Fundamentals~

Long
BINANCE:FILUSDT   FIL / TetherUS

Hello there! ๐Ÿ‘‹๐Ÿน

Happy November ๐Ÿ

Lets talk FIL

๐Ÿคธโ€โ™‚๏ธ๐Ÿƒโ€โ™€๏ธ

Filecoin recently displayed bullish behavior๐Ÿฎ, breaking from a 3 month descending triangle pattern. ๐Ÿ†—

Trade invalid if we break below our light blue trendline at ~ $55.

In the near future, I expect to see an attempt to climb above $78 where we may see some resistance.

If we are successful in gaining support at ~78, my next targets for FIL are 104 and then 130.

FIL has potential to go beyond these targets as well, I will explain why in a short fundamental overview below.. ๐Ÿ’ซ


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Just announced recently, Filecoin is now partnered up with the Flow Blockchain, ( In brief. Created by NBA Top Shot developer Dapper Labs, Flow is a proof of stake blockchain designed for NFT collectibles and crypto games https://decrypt.co/resources/what-is-flo...) and is now the main storage collaborator of FLOW.

In addition to its partnership with flow ๐Ÿ‘‡๐Ÿ‘‡

Over the last couple of weeks Bitdeer ( worlds leading mining services provider) announced it will now be providing services for mining FIL!

โœ”Filecoin is a decentralized network with the native currency FIL. It was released in 2014 and has since gained a tremendous amount of traction through its users and miners. (Miners earn FIL)

โœ”FIL (filecoin,) is by far the most popular data storage and retrieval coin, currently ranking #28 market cap๐Ÿ’ช

โœ”Our popular Filecoin has protocols set in place to ensure proper storage of data as promised by FIL miners.

โœ”Anyone with enough hard drive space can mine FIL.



๐ŸŒ Filecoin reached its ATH in April of this year topping out at 237, we are currently far below ATH price (almost 75 percent below) ๐Ÿ‘€

Considering all the information listed above, I think that FIL has yet to catch up to other altcoins such as SHIB,SAND,MANA etc..

Let's not overlook this extremely popular storage coin as we continue this bull run.

๐Ÿ“Œ๐Ÿ“Œ๐Ÿ“ŒNOTE๐Ÿ“Œ๐Ÿ“Œ๐Ÿ“Œ

Bitcoin is seemingly resting at a new found support level , a break below ~57k could mean a serious correction and altcoins such as FIL will follow.
Always use caution when investing in the volatile cryptocurrency market. ๐Ÿ˜ƒโœ”๐Ÿ’ญ






๐Ÿ›‘๐Ÿ›‘๐Ÿ›‘This is not financial advice๐Ÿ›‘๐Ÿ›‘๐Ÿ›‘ Above are approximate targets based on fibs and major trend lines etc. I always recommend looking at multiple charts when making a big investment. Always have a stop loss โœ‹๐Ÿ›‘๐Ÿ’ฒ set๐Ÿ†—

Any thoughts ๐Ÿ’ญ๐Ÿ’ก, questions ๐Ÿ™‹โ€โ™€๏ธ๐Ÿ™‹โ€โ™‚๏ธโ“, good ๐Ÿ‘, bad๐Ÿ‘Ž, happy ๐Ÿ˜„ or sad ๐Ÿ˜ฅ, in the comments always welcome.


Jazerbay ๐Ÿ