The presence of an inverse head and shoulders pattern on FILUSD indicates a potential bullish reversal in price, provided there is beneficial macroeconomic and FIL-ecosystem centric bullish sentiment.This pattern is notorious for being a bull trap and is often used to prey on over-leveraged longs.
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The analysis that was done is for me, so don't try to get an output from it, the best thing is to listen to me and enter with the targets and that's it.
The value, which has been accumulating for a long time, has naturally moved away from the resistance zones. Right now all it needs is liquidity and I think this will come in the bull season.
not for advice
Hello traders!
Welcome back to another episode with analyst Aadil1000x.
Today we are looking for 8% rise in Filusdt. There are multiple reasons behind the buy-in Filusdt. First, there is a breakout and second, there is no strong pattern formed yet which is showing that bulls are over. So it's good to go for long in Filusdt.
The target that I am expecting is...
Hello everyone
Finally, We have some request to update FIL (Filecoin) and we will did it for you guys
According to the chart as you can see the price is moving on ranging zone that we shown on chart, it has no trend in this time but if you wanna do some scalp trading we shown the zone for buying and selling that you can do it .
Filecoin it can be a part of...
Fundamental Analysis:
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 occurred in...
Fundamental Analysis:
Protocol Labs describes Filecoin’s tokenomics, or economic model, as a “market for data” where users can sell their storage space to other users, who are looking to rent. Five stakeholders will be able to trade tokens: developers, clients, miners, token holders and ecosystem partners. There will also be three Filecoin markets, according to...
FILUSDT trade hit bottom line and formed double top as shown in the graph. There is chances trade will cross 50% fib level to complete inverted head and shoulders pattern. We publish precise, simple and compact information which give quick glimpse for comparative analysis. if you have any question then don't hesitate to contact us.
BINANCE:FILUSDT FIL rallied up until beginning or April and we are still in correction phase.
But the trend will soon reach the upper channel border and then we will see ether a breakout or a dump.
Bollinger bands getting tighter but let's wait for the breakout and retest.
