FIL
FILUSDT - Double bottom 🔼FILUSDT is printing a double bottom trend reversal pattern.
Price brokeout above the trendline resistance.
RSI is printing a bullish divergence signal.
Buy entry ⬆️ - breakout above the double bottom neckline resistance.
Target 🎯 - resistance levels.
Setup invalidation ❌ - breakdown below the trendline support.
FIL 12h While the fall is over, the consolidation period beginsThe previous FILUSDT idea worked out perfectly in just 10 days, and the price lowered by -20%
First, we advise you to go through a series of the FIL ideas, they will be attached at the bottom of this idea in order to read more about the project itself and understand our analysis logic.
FILUSDT is moving along its own route, without much addiction to BTC. Now we can expect that a certain consolidation will start on the chart in the zone of $23.5-25.4 . Anyone who wishes can safely trade within this 8% range, the stop is short, and the volatility is low.
If the attempt to fix the price above $25.4 is successful, then the next level of buyers' profit taking will be $27.40.
If such an attempt is unsuccessful, then sellers will hit with all their might and the price may sharply fall down even to $21.
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Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
FIL 12h Grow Impossible Fall (make sentence yourself)
Volatile FILUSDT trades do not have a very long history, although the FIL token itself can be considered a dinosaur on the crypto market.
We wrote a lot of interesting things about the Filecoin project and the FIL token in the previous idea , we recommend you review it.
In our opinion, the FIL token has many interested large players.
Among the main signs that will confirm our assumptions are:
- almost no FILUSDT dependence of BTC behavior;
- a long stay in narrow consolidations, and then powerful price splashes for no reason at all;
- after price splashes, its value is easily brought down to the desired value, leaving behind large shadows. In particular, over the past month, this happened at least three times.
FIL has been added to all possible trading platforms with maximum leverage for "those who want to make quick money". Although in fact, 5% earns are manipulators who control the price movement of the token and maybe 5% of the lucky ones who did not catch the margin call.
Therefore, it is impossible to predict the future wishes of the large players in this coin. But if we look at the picture from the TA point of view, then the trading range has narrowed significantly.
A break and fixing below $29.60 is more likely, with a continuation of the fall towards at least to $27.36.
The trend line upper limit, from which the price is strongly driven down, is in the zone of $32.50.
_____________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
$FIL FileCoin Quick Analysis Overview ( @Filecoin )Hello there ladies and gentlemen, BulloTaurus here with a quick analysis for today .
Filecoin is a peer-to-peer network that stores files on the internet, with built-in economic incentives to ensure files are stored reliably over time.
I remember how hyped was Filecoin when it launched, a lot of profits were made when it found its top and it was in a downtrend till now.
Finally i can see some traction and seems like the downtrend is broken with huge volume.
Risk: 5
Reward:8
Peace.
🍌 Please read the description 1-2 times including the Disclaimer before commenting 🍌
P.S. You're awesome! You can't be successful in all your trades, 30-40% is already higher than average traders you see!
FIL FILECOIN Bullish Squeezing Hits 1 Exabyte of Storage FILUSDTFIL FILECOIN Bullish Squeezing Hits 1 Exabyte of Storage FILUSDT
GOOD NEWS ABOUT FILECOIN -
Filecoin CEO and founder Juan Benet reports the decentralized storage network hit 1 exabyte of capacity.
That's much higher than estimates of the size of the Netflix library.
The next step is getting applications to join the network.
FILUSDT: Possible Long (02.11.2020)The price has formed a downward corrective channel. The RSI is at the oversold level, signalling the possible completion of the decline soon.
We believe that the price will test the 76.4% Fibonacci support level and also decline to the trend support line.
We recommend buying from key support levels.
✳️Filecoin/USDT (1/11) #FIL $FIL #FILUSDTFIL is accumulating after breaking out of the Falling Wedge pattern and if it does not lose the 30-31$ zone it will rise to the 40$ and even 45$ zone in the next few days. But if it falls out of the 30$ zone it will fall to the 23$ zone
📈BUY- LONG Strategy
- Buy: 30-31$. Stoploss if B
📉SELL-SHORT Strategy
- Sell: 39-40$. Stoploss if A
- Sell: 44-45$. Stoploss if A
♻️BACK-UP Plan
- Sell close to 30-31$. Stoploss if A
- Buy: 22.5-23.5$. Stoploss if B
❓Details:
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"