I will keep this brief:
1) Price has dropped over 98% (!) from ATH
2) RSI is as oversold levels, descending wedge forming
3) The falling wedge drawn
4) It has printed red candles for a consecutive 10 weeks. How much more can it drop?
5D BTC pair chart looking nice too
Can the price drop more? Sure. But after a 98% correction? I am willing to say chances...
Buying #FIL/USDT (SWING)
$Fil Look's like make a bullish pennant. big volume on support , close with STRONG bullish enqulfing on support line It's good setup for entry. Potential breakout
Buy zone : 8.6 - 8.3
Target : 9 - 9.5 - 9.95 - 10.42
Stop : 7.8
On the left FILUSD shows a bull rejection from the upper band of the 'Gaussian Channel' indicator on this Monthly timeframe, this coincides with a downward trend that has recently been broken (dotted line)
On the right the BTC pair shows on the daily chart a bullflag confirming the bullish state of FIL
The FIL after correction it has been bearish flag formed that is a bullish pattern and if it will break up trend line i think we will see continue bullish path and also a big bounce to $38 or $40
It has big potential for do it.
According to the chart, by breaking the trend line upwards, it has been able to create an upward trend, which will reach about $ 30 by breaking this range by reaching the first ob range, otherwise it will be corrected to the trend line. In case of further correction in the ob range, the analysis will be updated.
Its not Buy or Sell SIGNAL
BY : Mohamad Teriz...
We are looking at the weekly timeframe for Filecoin (FILBTC), which means that the signals here are really strong.
We have a perfect falling wedge pattern breaking bullish and a bounce at long-term support.
Prices are bouncing at the May 2020 support level.
We have a volume breakout this week...
And a young bullish cross on the MACD:
We also have long-term...
Based on technical factors there is a long position in :
📊 FILUSDT Filecoin
🔵 Long Now 18.49
🧯 Stop loss 17.00
🏹 Target 1 19.90
🏹 Target 2 21.70
🏹 Target 3 23.40
🏹 Target 4 25.50
💸Capital : 1%
We hope it is profitable for you ❤️
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Filecoin is in the worst possible condition and has dropped in the worst possible way.
But it can trade well, and if it can pull back from the first level of support I have outlined in the chart, it can start to grow well. Otherwise, we might fall to $ 10 or even $ 5.
Filecoin On binance is ready to fly FILUSDT
Safe Entry after a daily close above 22.3 with a 170% Expected Profits.
Agressive entry Now at those support levels with a stoploss at 15.5$
IF IT LOSSES 15$ then Re-Buy at 10$ with same targets.
$FIL Rejection after hit strong bottom support zone since january 2020
MACD Showing bullish crossover at the time stochastic accumulation zone
Expection big upward move from here, good setup for entry
Target mentioned on the chart
Stoploss : $18
A symmetrical triangle pattern can be seen in the filecoin FILUSDT chart
In the collision of the price with the Key-Level, which is the same as the uptrend line
And on breakout the descending line of the triangle, you can enter into a deal according to risk and capital management
🔵 Long on triangle breakout or set on Key Level 23.65
🟢Target 1 25.60