Nice set up. Super fundamentals, Grayscale just bought for another few millions. Fil has not been nice recently from the charts, while everybody goes for hype coins like NFT´s. The narrative hasn´t changed whatsoever and storage will always be a huge problem, also for gaming and nft blockhains ;)
Anyway, I didn´t have the time to put in all my thoughts to this...
Before reading, get rid of your moonboy mentality and no emotions for dips/corrections! Cannot rule bearish scenarios! Dips are for buying!!
People are so focused on the hourly/daily timeframe that they get emotional on every dip! Take a step back to the weekly/monthly timeframe and see why I'm so bullish now. Stop looking at the short term dips/rise. Short term...
A running Triangle. Market takes Direction of B wave to complete the pattern. ABC zigzag. Risk Management in Place. Will take profits along the way if turns out that way. Can someone give me a bearish count ?
I am not bearish on FIL coin but this is the best perspective I could come up with for why I might be bearish. The pattern is ok but it seems like we are neglecting the volume profile force this point of view. It would also imply we are about to go to 8 dollars which I just don't think is likely in the middle of a bull market. I am still very bullish and am not...
Should be an easy play here on FIL we have a clear wedge forming with volume building. wait for either the breakout or the retest of bottom support and set you TP's accordingly.
Fundamentally FIL is a good prospect with real world use cases (though their fee structure could use some work to be competitive). They are a token held by greyscale.
FIL, IMO, has a really ugly chart. Appears a bearish 'B wave' triangle is triggering which will send this crypto into the teens or, perhaps, single digits. Buyer beware..
This coin has got so many Bullish patterns on it above the weekly support it's ridiculous i would expect to see this rise up generously in the coming weeks.
No telling when this coin will flip although it is my opinion that we are in the red zone of accumulation. For people who have the time to wait it out, a lot to gain if we see key levels break to new highs. Cost averaging is not a bad idea. LMK, what do you think?
Before reading, get rid of your moonboy mentality and no emotions for dips/corrections! Cannot rule bearish scenarios! Dips are for buying!!
People are so focused on the hourly/daily timeframe that they get emotional on every dip! Take a step back to the weekly/monthly timeframe and see why I'm so bullish now. Stop looking at the short term dips/rise. Short term...
Just a reminder that I'm still bullish on FIL coin from this falling wedge on declining volume to 90-120. Sorry I have not been available to post this last week or two but I have had a lot going on lately. Will try to get back into posting regularly next week
All of these dumps are just shake outs in my opinion. Hardly anything has lost market structure and most alts are still consolidating. I'm still bullish on FIL on this falling wedge on declining volume. I've tried making bearish argument but nothing convincing yet.
