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...
- No Danger No glory.
- Filecoin lost -98% from his ATH.
- ICO managed to get 200M$ in 2017, VCs dropped a lot and made so much benefits in 2021.
- When whales will be tired and start to rebuy, the bounce could be very aggressive.
- This project is huge and was listed in all Top Exchanges ( Coinbase, Binance, Kraken, Cryptocom, etc )
What Is Filecoin...
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on DAILY: Left Chart
FIL rejected a strong support and demand zone, so we will be looking for buy setups.
on H4: Right Chart
on DAILY: FIL formed a valid double bottom pattern but it is not ready to go yet.
Trigger => for the bulls to take over, we need a momentum candle...
FIL coin give use Bullish setup on daily
In this market situation, I am looking at multiple indicators
And I can see bullish momentum accumulating on the pair right now
This setiment makes me bullish biased and I am considering a long!
The following are machine translations:
In the 4-hour chart, it fell to the vicinity of 5.5 many times and rebounded, forming a support near 5.5. Yesterday, it reached the vicinity of 5.5 and stopped falling and rebounded, looking for a short-term rebound.
The indicator macd has the possibility of a golden fork, and the RSI indicator reaches the neutral 50...
Filecoin - FIL at critical ample mark
positive: we see a regular bullish divergence on RSI
negative: we see a hidden bearish divergence as well
Speaking in ample steps:
if we lose last volume support at $5.85
if we break price resistance at $11.87
if we break above volume resistance at $22.35
What are your thoughts on fil dear Crypto...
So recently fil has huge run upward and then it crashed almost 50%. which is not unusual in crypto market.
it's been forming broadening wedge on lower time frames. if we successfully break through that we will see an upward momentum up to 7-8%.
i think we tomorrow we might see a good pump for atleast 6-8%.
disclaimer: do not open trade...
FILUSD (4H Timeframe)
A medium probability, entry signal to go SHORT will be given with the downward break of 6.23 after the market found resistance at 6.60. Only the upward break of 6.60 would cancel the bearish scenario.
Stop loss: 6.60
Take profit 1: 5.70
Take profit 2: 5.13
Strategy: Bearish wave LTF
FILUSD may come back to the buy zone soon which would be the retest of previous resistance as a support. We expect the price to find the support there and have a decent bounce.
25 % upside from the buy zone!