FIL - Oddly Familiar... 🧐FIL is showing us a price action that looks really familiar. In 2020, we had a descending trendline (black) which broke out and then we had a minor descending correction (red) which lead to a double bottom before we had a bullish run.
Similarly, we have having exactly the same sequence of events. The next step based on past price action would be a breakout and a bullrun.
Trade idea:
- Watch for price to break out of the descending correction (red)
- enter with stops below the double bottom
- Targets: 114 - 200 - HODL the rest
Let us know what you think.
Goodluck!
FIL
FIL - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow.
FIL is sitting around a strong demand zone in green so we will be looking for buy setups.
on DAILY: FIL is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated , FIL would be overall bearish can still trade lower till the lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
FIL VS CAKE ( both have a same trend !!!!! )According to the FIL charts it is obvious that the FIL is on the 3rd wave of correction Elliot.
as soon as the 3rd wave finish, Elliot impulse waves might begin, beside CAKE have a exactly chart, I wonder to myself how is that possible!!!
if anyone have a guess it would be appreciated to share with me and the others. however I'm very bullish for both of them.
FileCoin Going To Teach A Brutal Lesson About Market CyclesFileCoin is such a dangerous investment right now, primarily because it has never completed a market cycle. Probably up around thrill at the moment. Could surge up to around 300 USD (maybe a bit higher) before beginning its long and painful journey backdown. I wouldn't touch this shit with a 20 foot pole right now. Smart traders will take profits soon, or might have to bail at a loss at $125 or $90.
FIL 1D Upward growth cannot be avoidedA year ago we made a forecast on FILUSDT where we estimated a possible bottom and buy zone.
It was good work then, and then we made a whole series of accurate forecasts for FILUSD
And all because it seems to us that there is a powerful MM sitting in the coin, which quite technically moves the price. Anyway, if you want to read about the project and our thoughts on it, all ideas are open in our search engine on tradingview.
And now to the current situation. It seems that now there is pro-trading and searching for the bottom, similar to last year.
The only question is: does the consolidation end now and the price goes up in the green fractal, or will it continue going through another month and enter the blue fractal?
It turns out that the first growth target for the FIL is around $80 , which is x2 of the current price.
The global growth target above the maximum price is around $370 (we don't take into account squeezes that took place at listing on many crypto exchanges in 2020)
Write your opinions about possible Filecoin token price movement in comments under the idea and share your charts.
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Since 2016 , we have been analyzing and trading the cryptocurrency market.
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FileCoin Update: Getting Started to Recover the priceFIL just formed a falling wedge on the daily chart. I expect it to break the wedge upside and then breaking the long-term resistance which is overlapping the EMA50. After that I think it will reject the resistance at $53 and bounce back at $40 as a retest to the broken resistance (and EMA50 as well)
Filecoin can pump up to 557% 🚀This coin has a good fundamental. If the bull run continues and #BTC record new #ATH #FIL has good upside potential.
DISCLAIMER: I am NOT a financial adviser. None of what I have communicated verbally or in writing here should be considered as financial advice; it is NOT. Do your own research(DYOR) before investing in any digital asset, and understand that investing in any cryptocurrency is risky. If you do, you need to be prepared to lose your entire investment.