Looking pretty! Pretty good for an impulse up with a nice retrace to the golden corner pocket with some nice reaction off of the larger pitchfork. Bouncing from here would be an ideal setup but a break of the Pitchfork would not be a deal breaker completely. So watching for these bullish interpretations to play out.
Lower trendline has been supporting Filecoin for almost 3 weeks, but it got rejected from descending resistance a couple of times. Considering the new dashed Dynamic support, RSI and MACD, I assume the breakout from the top is more likely. But still waiting for confirmation.
Trade Safe
fundamental : fil token is future token which has its own unique use .
technical :
chart used : 1 week . this pattern is also match in 1 day chart .
signal type : triangle pattern .
stoploss : spot buy and we are not using stoploss .
target . for long run , we are looking for ward for breaking its all time high . it will break . mostly when btc will cross...
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It works ALMOST ON ANY CHART.
It produces Weak, Medium and Strong signals based on consisting elements.
NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS SO THEY CAN ACT LIKE PIVOT POINTS AND REVERSE THE WAVE (or act like a mirror that can reflects light) BASED ON...
Summary:
1. FIL looks ready to make a bullish run. The 45m chart shows a potential upside in the high 80s.
2. The daily log chart looks even better for a medium term play (4-8 weeks) with potential for price to break above 100.
Chart:
- 45 minute
- Modified pitchforks to include 0.382 and .618 Fib lines
- Negative extrapolation for pitchfork anchor points
-...
If we break the daily level, there will be a nice entry for the good long trade. Overall the market is bullish right now. Will look for a good entry here. DYOR
⏳ Spot
💎 FILUSDT had formed a Wedge pattern. After that it has been moving along the ascending channel and has been making HHs and HLs. I expect that it continues to go higher along the channel. It might go lower for a Pullback.
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at market or 60.00
☕️ TP1 77.00
🍺 TP2 95.00
🍻 TP3 117.00
🍾 TP4...
The entry point will be absolutely after the static resistance breakout. Luckily, when it breaks the static resistance, the Kumo cloud will be broken, too.
So, keep your eyes open for the next growth...
I'm waiting for a W formation on the weekly chart for Filecoin. Neck area is around 110-120$. When the W formation is completed, it will reach around $200-230. I hope it will work if btc doesn't go wrong.
What I am saying is not investment advice.
is consolidating nicely right above the support. We just had a golden cross between the 50&100 MA, which tells us that a new bullish trend is starting. Break the triangle formation and this coin will fly
I hope you found the idea interesting;)
FIL / USDT
Price is restesting strong support area
We can see strong uptrend line with horizontal support too
Near this support we have higher chance for bounce ..
But if candle closed below it . Will be Very bad for fil holders as a long term consolidation will take place
Keep your eye on it !
Buy: $59.50 - $60.50
Stop Loss: Hourly close below $58
I am targeting a 20% move to the trendline or a move up to RSI Trendline resistance. Which ever comes first, after that I'll revaluate
FIL performance has been quite bad since march/april, but the good news for $FIL holders is that the coin is expected to have a good pump to 100$-120$. ATH for FIL is probably not gonna happen. I say that for two reasons. The first one is that the coin barely can reach the 120$ resistance, and the second one is because FIL has big pump and dumps. Like, follow e...
#FIL/USDT Fresh Setup Update:-
$FIL looks good at this level.
Strong support at 0.7 Fib level.
We can expect bounce from here and If close above 0.6 Fib level then Very Good for Upward movements.
Entry:- $60-$62
Targets:- $71/$81/$100
Stop Loss:- $57
But I am waiting for daily close.
Support:- $58
