After breaking out of the resistance zone at 30-32$, this area is now quite reliable support for FIL. We can buy as close to this zone as possible for the target of 45$ or higher, but there is certainly a strong selling force at 45$ that we need to be wary of.
Stoploss below 29$ or short to 25-26$
- Elliott impulse wave completed with a long wick candle at the end of the trend
- I do not really see a continuation, first we are looking for some kind of correction to the downside
- You can buy 0.618 fib for a short term bounce or double bottom pattern
- You can also profit from this move to the downside by using Futures market
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Next coin listed on binance, 1day pump and then a huge downtrend. It is a new trick, coins are listed on Binance with very high market capitalization (overpriced).
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Filecoin is a project to create a decentralized storage platform with embedded cryptocurrency (Filecoin, FIL).
Since 2014, it is implemented by the California blockchain startup Protocol Labs, a developer of IPFS systems. The idea of the project is to give one computer user the opportunity to earn FIL for using the surplus capacity of their hard drives for...