📰 FIL- Symmetrical triangle bottom

The price is currently bottoming inside of a symmetrical triangle formation. This could be an opportunity to get some for mid/long term trade (there's strong resistance ahead so we can assume it's gonna take time to see some nice profits)

Entry: buy at current price down to 53.80

Long term targets:

TP1: 66.30
TP2: 80.52
TP3: 97.30
TP4: 121.30
TP5: 194.38
TP6: 240.54 (~320%)

>> !! Remember about risk management, DYOR and trade responsibly !! <<


About FIL:

Filecoin is a decentralized storage system that aims to “store humanity’s most important information.” The project raised $205 million in an initial coin offering ( ICO ) in 2017, and initially planned a launch date for mid-2019. However, the launch date for the Filecoin mainnet was pushed back until block 148,888, which is expected in mid-October 2020.

The project was first described back in 2014 as an incentive layer for the Interplanetary File System (IPFS), a peer-to-peer storage network. Filecoin is open protocol and backed by a blockchain that records commitments made by the network’s participants, with transactions made using FIL, the blockchain’s native currency. The blockchain is based on both proof-of-replication and proof-of-spacetime.

Source: coinmarketcap


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