FIL
FILBTCIn the first days of 2023, the FILBTC registered a 14% increase, even so it needs to surpass 0.0002164 to be able to break the downtrend it is in. Breaking it, it will seek the MM200 at 0.0002749. The Fil unbelievably corrected over 98%, and recovering the top can be a major hurdle. But the pair itself is worth the Hold as it was designed to be a decentralized cloud storage system. Filecoin launched an NFT storage platform and took over the main NFT market, OpenSea, as a customer.
The position remains open, which in itself is worth holding
Filecoin: Spring and Backtest of Spring with Bullish EngulfingFilecoin is attempting to confirm a backtest of spring in the form of a Break-Hook and Go while Bullishly Engulfing and holding Above the 200 Day Simple Moving Average. If this holds up i think it will be able to rise to The Fibonacci Extensions of the 1.618 and if lucky, the 2.618
FILUSDT 1HThe one-hour chart shows that the pair is in an uptrend. The FIL is testing the bottom of the Ichimoku cloud and will soon retest the Keltner channel median. RSI in the overbought area suggests that buyers have the upper hand
The 200 MM ($4.83) is the important support to watch on the downside, because a dip below it can break every uptrend. of the company today reflect the worsening conditions generated by the increase in interest rates in the US, which has resulted in cost and job cuts.
Since its ATH, it has devalued over 98%, and regaining the top can be a major hurdle, but not impossible as filecoin was designed and branded as a decentralized storage system.
Key support levels: 5,222 / 4,831
Main Resistance Levels: 5,637 / 5,790
FILUSD 30 % drop possible before finding the bottomFILUSD looks bearish .
Resistance acting as a resistance . The price currently is below the key level and 30 % drop is still possibble before finding a potential bottom .
Currently it looks that the price may reach just below 3$ or maybe even 2,5 $ which would be a good buy zone for the next bull market.
Any bounce probably will be a short lifted and the price eventually will go down.
Good luck
Filecoin : Bullish structure impact!Hello everyone!
Filecoin appears to have paved the way for further upside in the short-medium term. The technical structure on intraday chart is bullish, and from a technical point of view, one should increase long positions on each retracement.
If this idea will be supported by your "Likes" we will continue to follow the crypto with updates below.
thanks for your attention and please... trade with care! 💖
Filecoin FIL price "more dead than alive", what next ?Two months ago, we made the idea of FILUSDT, where we wrote that the price was at a critical point near $5.
Unfortunately, the fall in the cryptocurrency market continued, and the FIL price reached the target of $3
Moreover, the price of Filecoin token on 16.12.22 updated its absolute price minimum - $2.42
What do you think caused a -40% drop in the FILUSD price in just 15 minutes on 16.12.22, write in comment?
The most positive scenario at this moment for FILUSDT is consolidation around $3 with further growth to $5
It will be unrealistic to break above this level the first time.
If you believe in this project, the price of current purchases is close to the minimum.
A similar situation on the FILUSDT chart was in December 2018, but there is a nuance, then the BTCUSDT price "trampled" the bottom around $3200, and now Bitcoin is 5 times more expensive (Fil unfortunately not...)
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Dealing with resistanceThe target we can consider for FIL and expect a negative reaction from it is considered in the range of $4.08-$4.17. This buying pressure indicates that the price can continue the upward trend after a correction on the upper range of the previous channel. Note that the specified resistance, because it was the floor of the trading range channel in the past, can have a negative reaction at the first encounter with a very high probability.
Filecoin Trade RecapTrade Recap:
5 Trades
4 Long Trades
1 Short Trade
Here in the M15 Chart of Filecoin after a strong selling pressure yesterday we found ourselves in an area of value or a buy side liquidity where a lot of potential buyers did come in and push the price higher increasing buying pressure.
As you can see here:
You can identify the buying pressure or buy side liquidity for those who does ICT's (which I am trying to learn and apply)
Therefore in the LTF (lower timeframe) I decided to take long trades.
Long Trades:
Short Trades
FIL your bags nowMassive upside incoming, the future of cloud computing on the blockchain, not sure how theyve accomplished it but this is a decentralized dropbox apparently and its gold. Just has its caputialization drop last week where it retested the lows, to take out all of those bag guys, should be moon city from here on out. probably follows eth and the markets in general but besides that lets get it
FIL on all time low prices FIL / USDT
Price finally visited the all time low price (99% drop from the top) , It also act as strong support on high time frame
Still not enough reasons to rush in market conditions like this , but here we started to keep our eye on it
The long red dotted trend line is act as very strong resistance If breakout done on high time frame this could be a first sign of reversal
FIL/USDTWe are now in range 1 or maybe 2 (not clear) and only time will tell which range we are in. Whenever we reach range number 3, it will be possible to climb.
FileCoin is currently one of the biggest drops in the last year and you just have to wait until it reaches the 3 range. It is now testing its 2019 support.
FILUSDT DIncredible as it seems, FIl has already corrected 98.54% and is at its lowest support since its existence. On the daily it formed a perfect triangle about to explode upwards. RSI indicating exhaustion of selling forces, indicating a good moment of entry.
Fundamentally, it goes without saying, it lets you store stuff without taking up space on your hard drive.
It is one of the altcoins that has suffered the most from the sector's crises, but which will undoubtedly recover.
On the daily its support is at 3,845 and its next resistances at 4,326 and 4,870.
Filecoin vs Tether Hits New Low, What Now? (86% to 245% Rebound)FILUSDT (Filecoin) moved below support hitting a potential stop-loss hunt zone... After the break below support comes a strong rebound, bear volume on the drop is very low.
This tells us that a recovery is of high probability.
As you can see on the chart, the trading volume that's more prevalent is green.
The first potential target is a higher high compared to November but still a lower high compared August, and that for 86%.
The charts can always change so do your own research/build a plan before you decide to trade.
If the bulls decide to come in with full force, then a higher high, not as probable but still possible, can take FILUSDT as high as the 1.618 Fib. for 245%+.
The stop-loss and more information is mapped on the chart.
All the fib. levels as well, which can be used as targets.
Namaste.
Filecoin vs Bitcoin Targets (48% to 150% Potential Next High)Filecoin vs Bitcoin (FILBTC) gave us an early signal 27-November with a very high volume day, the highest since July.
Today this pair moves above EMA50, after a higher low with a strong RSI.
Using the Fib. extension tool we extracted the following targets, short- and mid-term.
The easy target is set at 48% around 0.00040180, followed by a higher high compared to August of up to 150%.
The higher high target price in Bitcoin would be around 0.00067988.
You can see the chart for additional details.
Namaste.