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.
#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
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 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)
FIL Bullish Scenario Waiting for breakout of trendline. After retest of trendline I will be looking for Long
Fil is now currently trying to build support on top of the 8.40ish-9.30ish critical support area. This is on top of the large accumulation area that it has faced for its market cycle bottom. We hit a 1.618, and corrected down to a .786. Now I expect us to take a shot at the 4.236, which is around $20.00. I think that we get rejected there, face a small...
Look at the histirical movement. It's like a magic that we see exact pattern... Personally i love $Fil. Best regards
File should sweep up and I believe it will take the high. Lots of heat on the map above from here. NOT FINANCIAL ADVICE!!!
I think we need the dip... The dip will be looked at as healthy... And it will also be a trap... NOT FINANCIAL ADVICE!!!
The elevator ride is over, and as Steven Tyler once sang in the song, "Love in an Elevator"...."We're Going Down!!!" FILE COIN just couln't get past the $8.60 barrier. And is now breaking down. I was so hopeful, as were many others... The new buying opportinunity will be in the range of upper $5 to mid $6.50.
The FIL/USD 3-day chart exhibits a pattern resembling a double bottom. Based on technical analysis, if this pattern is confirmed, it could theoretically suggest a potential price target above $16
This asset seems to have great profit potential even before surpassing its all-time high. Therefore, I'd keep an eye on these two main targets as potential profit-taking zones.