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...
Greetings to all👋
We broke through the support of $ 6.70, I think if we gain a foothold below, the asset will fly down!
If, as I presume on the chart, this is a false breakdown and the price returns to the $7 zone, then you can look at the countertrend breakdown!
✅Do not forget to visit the channel there is a lot of useful information about trading.
We may be forming a Descending triangle on FIL now which is a bearish continuation pattern.
Target : 6.80
Fil is now standing on a strong support, Hopefully it can hold it and this pattern fail.
Some of you gonna ask, why I drawed the lines with candles under
I wanted to post this idea on 4h chart, but it seems that the real support is closer...
Filecoin is an open-source cloud storage marketplace, protocol, and incentive layer.
Filecoin can reach the price in the "future" 400 $. Via price predictions.
Circulating: FIL 214,462,115 (10.89%)
Total: FIL 1,969,185,427
Max: FIL 1,969,185,427
We are now on target, instant buy zone.
Please comment. Good luck! $$$$
This is not financial advice!...
This is my idea. I have tried my best to bring the best possible outcome to this chart, Do not consider it FINANCIAL ADVICE.
So let's see how the market reacts in the coming days.
This chart is likely to help you in making better trade decisions
I am not a market maker I could be wrong.
Everything is on the chart.
Everything Depends On BTC...
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
Entry: market and lower
Target zone: 9.8 - 11$
after first target reached move ur stop to breakeven
Stop: ~7 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 3
risk is justified
Welcome to this quick FIL/BTC analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason of trade:-FIL/BTC PARALLEL CHANNEL and buy the green zone and (SPOT CALL)
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held...
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