Hi.
BINANCE:FILUSDT
FIL is in an ascending triangle which means the price is about to do a good bullish movement. The price can increase as much as the measured price movement ( AB=CD ) .The break out needed for increasing further has not happened but it should happen pretty soon.
✅ Due to the Ascending structure of the chart...
🟢 FIL has been Bullish...
#FIL is testing the resistance zone. It is moving above the MA21 and EMA50 in the 4H timeframe. In case of breakout, it will pump hard. So, keep an eye on it. Targets are:
$7.617
$8.425
$9.233
$10.384
$11.850
🧠After we reached the first target at the weekly level, there was an adjustment corresponding to the cycle, which is very reasonable. Prices are now back within the weekly buy zone and have established a double bottom bull structure, so we have the opportunity to bounce back from here.
➡️If we can continue to break through the previous high, then our ideal target...
Support Level Opportunity:
FIL retraced to the current support level two days ago and has shown stability. Consider a long position from here.
Trade Parameters:
Entry: $5.85.
Take Profit: $6.75-$7.00 or $7.75-$8.10.
Stop Loss: Just below $5.70.
Market Observation:
Recent market trend indicates a range-bound pattern.
If FIL struggles to surpass the next...
A bullish reversal harmonic that has return extension targets, was discovered on the Daily Time frame for Filecoin, TSX:FIL -USDT. This harmonic, coupled with the current Crypto Bull Market of '24, which we're in, suggests a bullish continuation
#FIL
The price is moving in a bearish channel on a 12-hour frame and is adhering to it well. It expects some correction and then a rise.
After rebounding from a significant decline, it is expected that the downward gap will be filled
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that expects a break...
Nice RR from here.
LL Longed and spot loaded under 6.1.
Invalidation Clean break below 6.
Holds here and can send Quick.
Targeting above 8.
Note: Not a Financial Advise.
In the daily and weekly time, it is moving in an upward channel, which according to the previous analysis , the last wave had the ability to grow to around 100% of the previous wave, after which it faced correction, which was correctly mentioned in the updates of the previous post. And extended to the specified area of correction.
💎 First scenario: Therefore, if...
FIL, after a substantial drop from its all-time high, showed some recovery. However, it seems to have met a strong resistance zone it couldn't breach. From this vantage point, it looks poised for a potential fall, possibly retracing back below the $5 mark again. This could represent a significant move for those keeping an eye on FIL, suggesting a bearish outlook...
FileCoin is one of the most productive projects in the crypto world. It's because of its considering whitepaper and major investors. So this is why you should dedicate a bit for it!
There two buy steps:
1) 4.60
2) 3.80
Also midterm targets are shown on the chart above.
BINANCE:FILUSDT Analysis of the four-hour time frame:
For buyers, a break of the 6.178 resistance zone can continue the uptrend to the next resistance zone of 6.579.
For sellers, a break of the 5.682 support area could continue the downtrend to the next support area of 4.928.
Use this chart for reference to key levels guiding us out of this macro bottom 2024 -2025. The BTC halving is complete and now the decent to a support level below is likely before the rise.
The chart explains itself once you know the terms -
We have Breaker blocks below with good volume for support.
Areas of confluence where multiple key levels line up...
As a result of the dramatic Head and Shoulders Breakdown, this potential "Future" Technical Analysis presented itself to me.
I would surmise that Filecoin will retrace in the coming months to around Price Targets: $8.5(Minimum) - 10.75(Maximum) , before correcting back down to the Main Trendline around Price Target: $5.75 - $6 , whereupon if positioning holds...
It has hit the corner ceiling twice and three times with the corner floor. If the upward trend of bitcoin starts, the FIL will continue until the specified target.
after the last correction CFX break the Base Channel and entered wave 2 territory, and as I see BTC and ETH not complete there correction wave yet, and the same case with most of the other Crypto, so that mean that the price will go deeper, which make our 5 impulse Wave Idea invalid.
FILUSDT Elliott Wave Technical Analysis
Mode: Corrective
Structure: ...
Eying Promising Opportunities in Filecoin!
Filecoin might have been trailing the market trend, but don't count it out just yet! Despite today's shakeout, Filecoin is resiliently holding onto a crucial support level, hinting at potential moves in the near future.
If this support level holds, we could witness a bullish surge, creating an excellent opportunity for...
