FILUSD (1H Timeframe)
A high probability, entry signal to go SHORT will be given with the downward break of 7.67 after the market found resistance at 8.73. Only the upward break of 8.73 would cancel the bearish scenario.
Stop loss: 8.73
Take profit 1: 4.84
Take profit 2: 3.25
Strategy: Bearish Wave LTF
On a recent update to the expected alt-token market dominance idea I alluded a number of alt-tokens can expect a 10x return in the next run. And no, Cardano is not one of them so don’t ask! (The number of messages received on that token, reminds me of the XRP or Chainlink cults).
On the above 5-day chart price action has corrected over 90% from almost exactly 1...
Due to the downturn that has occurred and the price has reached the bottom of its downtrend channel
The price is on a valid prz and confirms the positive divergence rsi can make an attractive profit in the long run
If the first prz is lost, the next resistance is in the range of 7.87 to 6.17
❌These analyzes are just to give a better perspective for you dear...
Here is a chart on FIl, Possibly one you have yet to see with such old price action. Yet, this as all the rest of the charts become very clear once you zoom out.
Green lines below are supports and areas of interest for buying opportunities. I have changed the support below to pink that we do not want to see the price cross below.
Red ray lines...
I believe we could be in the middle of a false breakout to the downside with FIL.
Breakouts of solid trends are almost always accompanied by a huge volume candle to confirm the demand. This breakout happened on very very weak volume, likely because of FILs correlation to BTC. I forsee a whip back above the triangle, and then a possible retest down to the red...
But listen Up Time is running out May 11th is not far away. And you will definatally want to be on top of this one asap. All jokes aside this may be your biggest money maker for 2022. These are the opportunities many wait for and never find or never see the opportunity until it is too late, and they miss out. Please remember what I am saying here because when we...
Filecoin Price got trapped inside a descending triangle pattern over the daily chart. FIL Coin falters at the verge of descending triangle pattern and tries to sustain.
The token is waiting for bulls to take charge from here for the successful bullish rally. Filecoin has been falling from 18th September 2021 and went into a descending triangle pattern over the...
FIL/USDT pair is forming lower highs and higher lows following two sloping trend lines that eventually intersect. We expect that breakout can be in any direction.
To determine take profit(TP) zones we can apply the measurement rule for symmetrical triangles: compute the formation height from highest high to lowest low and add to or subtract the difference from...
Looking for 18.18 but more likely to hit 18.42. watch the 4 hour chart and if you intend to invest then watch the 30 sec chart.
I watch the 30 sec, 5 min and the 4 hr. I can post my indicators if you ask and what to look for. Please use the 21,50,100,200 moving average. And if you watch the charts for hours each day you will understand better.
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 is expected in mid-October 2020.
The following are machine translations:
The heavy volume broke through the resistance.
After the breakout, it stepped back near the previous resistance.
Rebounded near resistance.
Continue to be bullish with target around 31.
Resistance about 24.64 is broken out in Daily timeframe 4 days ago and its pulled back to that resistance is done.
I thinks it is a good position for Long.
Entry price: 25.3
TP: 40.8 (61.2%)
SL: 22.8 (9.9%
R/R : 6.2
P.S: I'm not a native English speaker but tradingview is forcing me to write the caption in English. 😅