Depending how the crypto-market develops, I'm expecting FIL will breakout. FIL seems to have a strong base of support, tested multiple times. Now it's slowly moving to the line of resistance
Filecoin is being shilled by Arthur Hayes
as he likes the narraitve of decentralised blockspace
I just like the chart :)
I predict we see this W bottom play out for a second time
Will the blowoff top be as manic ?
still good gains to be had ..
if Bitcoin does what we hope
- everything is in chart and simple as always.
1. Wait for a trend breakout ( and wait for a weekly candle confirmation ).
2. Wait for a buy if back to bottom around 3$.
- Unload around 20$.
- if it breaks 20$-27$ and altseason starts.
- it's a free fly ticket to 120$.
- Your trade, Your Decision.
- Stay S4fe !
Happy Tr4Ding !
TSX:FIL looks like it's almost ready for it's moon mission.
I think there could be a possibility of one more low to the $4.80ish support and longing that area should provide great returns.
Think once we break the blue trendline, we'll have a move straight to $25. From there, we'll see if we can hit the higher supports.
Filcoin looking very interesting right now
Pumped from its all-time low (2.2-2.3)
$FIL got rejected from its historical resistance(9.7-11) thrice as mentioned above
Two possibilities
1. Bearish Shark Pattern
in this case, I expect $fil to break that resistance zone(9.7-11) directly and make a successful retest to move to (28-40)
2. Inverse Head And Shoulder
Or...
FILECOIN:
A COIN OF FRAUDSTERS, HUCKSTERS & RACKETEERS!
Everything is PUMPING MASSIVELY while this FRAUD coin is still down 97% from its
all-time-high.
The Filecoin Foundation keeps dumping, preventing the coin from breaking out like everything else. If you "invested" in Filecoin expect to be used and taken advantage of by the Filecoin Foundation & Filecoin...
Holy rocketship.
Trends and price targets marked.
Trend 1 and 2 are fairly significant trends moving in the bullish direction, however they are rejection trends.
The third trend is a small downtrend, still significant but more likely to reflect the drop leading right to some massive support. Spartan 300 support line. It holds and rockets, or it dips way below....
Filecoin looks promising for the long term, provided it can establish support at the USD 9.41 level. At lower time frames there is bullish divergence on the RSI.
Overview:
FILUSDT has recently completed the formation of an XABCD harmonic pattern, signaling a potential reversal in the price trend. This pattern has emerged at a key support area, suggesting a strong foundation for a bullish move.
Entry Point:
We recommend considering entry near 8.540. This level aligns with the completion of the harmonic pattern at point...
After a couple of days FIL was in a downtrend, the yellow channel. It's broke out and how there is some resistance, the orange drawings. After FIL breaks this resistance (orange) there will probably a retest before it can go (much) higher.
RSI is also lowered a lot, so there's room to go higher imo.
Filecoin on the Weekly Timeframe:
FIL broke out of it's macro downtrend back in October.
It has broken the 20 and 50 Simple Moving Average
It currently has a candle open above the 100 Simple Moving Average
FIL could be a big mover in this bull market, without having to come close to ATH.
This could be a 15x or better to reach the .236 extension.
Not...
Fil looks to have built a nice base above the $8.30-8.40ish S/R.
I think that it will continue to work the fibs and climb to around 20-24 dollars. There I think it will hit a correction to the low to mid 14 dollar area and then build support on the 17.40ish area once the correction is finished. This is a continuation of an earlier trade idea that I'd posted.
On the weekly timeframe this has the best setup of almost any coin I’ve seen. Money flow and VWAP currently on a downtrend, but when it hits support in the next few weeks it will 2x very quickly. When the money flow flips to green it will do another 2x. Not finance advice.
