There're 2 possible scenarios for FILFirst of all, I have to point out that according to Elliot, we need another correction.
In terms of time, we can expect the correction to end near one of the Fibo time levels, so it is likely that another correction is underway as in the previous photo.
According to the previous two points, there are two scenarios. The red trend line and the close supports of Fibonacci 0.618 and 0.5 are important points to check the reversal of the trend for buying position.
If FIL can breaks PRZ (about 90 $) upward and stabilizes, there will be no correction.
Always make your analysis before a trade
It is not offer to trade.
Good luck
Filecoin
Is FIL going to breakout soon? Here's a quick look at FIL 1 hr chart. As we can see, the price has been going sideways and has printed a symmetrical triangle. Definitely one to keep an eye on. The best entry would be, when the price breaks above the symmetrical triangle with good amount of volume .
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The idea is: Buy the breakout from the symmetrical triangle and take profits at the levels shown in the chart.
Targets:
- Profits can be taken in the resistance zone .
1. 88$
2. 96$
3. 101$
4. 109$
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Filecoin (FIL) - September 8Hello?
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(FILUSD 1W Chart)
There's not much to tell from this chart.
However, if the price is maintained above the 47.149096-53.975726 range, it is expected that the upward trend will continue.
(1D chart)
If the price is maintained in the range of 77.274985-105.696627, the uptrend is expected to continue.
If you fall from the 63.064166-77.274985 section, you can touch near the 47.149096 point, so you need to trade carefully.
A significant resistance interval is the 156.373900-167.010019 interval.
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(FILBTC 1W chart)
If the price holds above the 0.001544 point, it is expected that the uptrend will continue.
(1D chart)
If the price is maintained in the range of 0.001437-0.001890, it is expected to turn into an uptrend and rise.
If it declines from the 0.001211-0.001437 point, it is likely to enter the mid- to long-term investment zone, so you need to trade cautiously.
However, you can touch the 0.000796-0.000969 section and rise, so you must also think about how to respond.
If it moves towards the 0.002343-0.002569 interval, I expect it to re-determine the trend.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying the formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
FIL 1D There is still some room for upward price movementThe goal from the previous idea for the pair FILUSDT worked out completely and even more.
Who read and listened to our thoughts, could fix at least x2.5 profit within 2 months, or even more for this position).
Today we decided to update the idea of FILUSDT, as there can still be an interesting upward movement.
If in the next 1-2 days, the buyers will keep the FIL price in a narrow range of $110-120 , there will be a very big chance to make a strong impulse upward movement of the Filecoin price.
The zone, where it would be better to completely cover the FILUSD longs and look around, is around $130-160 . And you should pay special attention to the behavior of FIL price near $130 and $160 levels.
And then we can expect the FILUSDT price correction to the liquid zone from below, which is in the range of $60-70
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FILUSD - 1D - Watching this oneHi guys,
I'm currently watching for this boy.
Expecting a nice move in the coming days / week.
Bollinger bands tightening on the daily
Bullish div on RSI
I expect a move to the upside but a downside move could be also possible if BTC makes a strong retrace.
In this case i would add more in the red zone.
Wait and see
Like if you share this idea
NFA
FILUSDT PUMP ?? FILUSDT has broken its daily resistance level (RED LINE) which could potentially become its new support
For our entry, we will wait for the retest to avoid any false breakouts or reversals. if we are looking more to the upside
WHICH MORE LIKELY TO HAPPEN DUE TO BTCUSDT GROWTH,
We will wait for retest on the RED LINE AREA with strong bullish conditions to the upside
THATS ALL FROM ME LADS, HAPPY TRADING ;))
FILUSDT SPOT IN KUCOIN AND BINANCE LONGr/r with first target is about = 1.8
but you need money management in this trade because of my stoploss price !!!
you can set a "buy stop limit" order on the trigger price !!!
after that sell 50% of your position on tp1 and upgrade your stoploss to your trigger price and wait for tp2 or more ... it means : risk free !!!!
just like and folowfor more ... 8D
Bottoms up FILUSD those cups!!!!Hello Trading View Community,
FILUSD seems to have found a nice round bottom and curled back up to the 0.236 Fib level. This level acted as nice support during the March rally that pushed FILUSD to $238. However, once support this fib level is now FILUSD primary resistance zone. Shifting our focus to the EMAs, we can see FILUSD consolidating below 0.236 fib and above 100 EMA (orange line) and 200 EMA (red line). Also notice the 20 EMA (solid blue) and 50 EMA (yellow line) trying to cross up on 200EMA, whenever the 50 EMA crosses up on the 200 EMA this is considered by many traders as a Golden Cross.
If FILUSD is able to break above and reclaim 0.236 level as support, the next leg up would be mid $90s range which has acted as resistance many times before.
Thank you guys for checking out this idea on FILUSD. If you find this analysis useful, support with a simple "Like" or "Follow".
Trade carefully and remember these are just ideas, not trading advise.
FIL / BTC - Update on Proposed Path - CupsUpdate on previous idea, still believe we are forming a cup. That cup went a bit lower than expected and is getting dragged out further. Sometime towards the end of the year or early next year, I believe we'll either form a double top or break our high from April 1st.
On the way there, we may form two inverted HS - a smaller one stopping at 0.00179 -> 0.00144, then to 0.0023 and eventually 0.0025. The larger one stopping at 0.0025 -> 0.00179 and then to 0.00289 or 29.
Proposed paths don't always work out, but when they do they can be great to formulate a trading plan. Let's see if this one works out, and we'll continue to adjust to any major changes.