FIL/USDT: Rising Wedge Pattern - Bearish Outlook
Technical Analysis:
The price faced a strong resistance near the top at 11.80 and it moved down nearly -35%
in 7 days.
Actually the price is in correction and just completed a "Rising Wedge Patter"
You may watch the video for further details!
Thank you and Good Luck!
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MartyBoots here. I have been trading for 17 years and I am here to share my ideas with you to help the Crypto space.
FIL Coin can have have a nice move but watch the video to find out if it can moon . Very important information
It has very good structure and price action , it reminds me of how many coins set up last Bull market before it went parabolic
Please...
FIL Potential to Increase to $15.6 in Q1 2024
Please accept our apologies if this is a mistake.
I see FIL coin has the potential to rise to a price of 15.6 dollars for Q1 of 2024 or maybe more than that.
For the reason there is a triangle pattern over a larger period of time and other reasons present in the video. And at this time it has gone out of the daily...
I believe this is a great long opportunity among the coins on the market. It is considered a laggard as well, and in the short term, I see the potential for a great swing trade. Hope you like the idea. Please share if you find it useful. Thanks!
Filecoin (FIL) is Expected To Fall More in The Coming Days
After the Silvergate problems, it looks like the price fell below important price areas.
Despite the fact that FIL is a very strong cryptocurrency, this bearish development may push the price down further.
It looks difficult for the price to recover so easily.
You can find more details in the video...
The price is testing the support key level after a bearish impulse.
How to approach it?
IF the price is going to lose the support, According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h...
The market lost the weekly support and retested it as new resistance. The price got new liquidity and created a new bearish impulse.
Now the price is testing the 7$ area and it's creating an ascending triangle.
How to approach?
The price needs to have a new breakout from that area and retest the previous resistance as new support. According to Plancton's...
Filecoin rallied this week in anticipation with its partnership with Monaverse, a new metaverse contender that focused on high-end, professionally built metaverse environments. A quick look at Monaverse and Decentraland - their pros and cons -- and why Proof-of-Storage projects are likely to do well regardless of who wins the race towards the most popular metaverse.
the price is testing an important support zone on the weekly support.
After a daily breakdown, the price retested the previous support as new resistance and now the price is creating a descending channel on the weekly support and below the daily resistance.
The market starts with a higher high and higher low below the major daily resistance.
How we can approach...
FILUSDT is testing the dynamic resistance on the daily timeframe. IF the price is going to have a breakout, According to Plancton's strategy (check our Academy ), we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow...
FILUSDT is testing the daily resistance
If the price is going to have a breakout, According to Plancton's strategy (check our Academy ), we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
...
FILUSDT is testing the weekly support inside the descending channel. IF the price is going to have a breakout from the descending channel According to Plancton's strategy (check our Academy), we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure ->...
DISCLAIMER: Trading Forex/Cryptocurrency involves risk and you may lose more money than you started with! These posts are not to be taken as financial advice and I offer NO guarantee that any of these ideas will result in profit. Also, trade ideas may change, depending on ever-changing market conditions. You are trading at your own risk and past performance is NOT...
