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....
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 $8.30-8.40ish S/R. I think that it will continue to work the fibs and climb to around 20-24 dollars. There I think it will hit a correction to the low to mid 14 dollar area and then build support on the 17.40ish area once the correction is finished. This is a continuation of an earlier trade idea that I'd posted.
On the weekly timeframe this has the best setup of almost any coin I’ve seen. Money flow and VWAP currently on a downtrend, but when it hits support in the next few weeks it will 2x very quickly. When the money flow flips to green it will do another 2x. Not finance advice.
#FIL good level to buy on Spot ⏳️ BTC going to do retest of breakout Retest of trendline Retest of support zone 50% zone. Best level to buy on spot
- everything is in chart and simple as always. 1. Wait for a trend breakout ( and wait for a weekly candle confirmation ). 2. Wait for a buy if back to bottom around 3$. - 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 !
Price has turned down from the upper trendline which indicates the end of the wave V. 30ma and 50ma is all above the current price movement that tends the price go further down. Wave (1) is completed and wave (2) seems to end around 50% fib ratio.
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...
The confidence the bulls are showing with the current green candle suggests this break upward can sustain itself long enough to validate the breakout. We have 3 at terns validating at once and giving us 3 measured move targets. 1st one at $8 2nd one around $9 and the 3rd and highest one at 13.135 *not financial advice*
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...
Filecoin is moving upwards along with the entire cryptocurrency market. Not only that, but Filecoin has significantly outperformed many altcoins in recent days. Is this the end of the rally? No, we do not believe so. Instead, we expect a soon-to-come surge to around $12. For a long entry, we will wait initially for the price to correct to approximately $7.08....
some bullish divergance on the relative str index. nice time to start accumulating imo.
As you can see on the 1 Hr timeframe there is a falling wedge formed. It fels together with support on earlier price moves. Even the RSI has cooled down a bit. But watch out, on the 'daily' the RSI is still in the 'over bought' area.. Despite of that I'm bullish on Filecoin
Filecoin is not a coin I would look at as a long term investment - as for most altcoins. However, we trade technicals strictly, and this coin has everything you would want it to have for a long position. We are at the bottom of a range from 2018 lows where we sprung above a historical resistance after putting in a first low, completing the retest with a bullish...
With upcoming AI, storage systems are needed, FIlecoin can technically provide a huge ammount of solutions. We have been at those highs already. Dont be late.
Based on my analysis FIL could rally back to $7 in few weeks. Time to wake up the sleeping giant
FIL/USDT New Entry : 5.5$ (Demand) TP : 115$ - 130$ (Supply)