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Filecoin

Filecoin Expressing Relative StrengthWhile the rest of the crypto/token markets are pulling back and Bitcoin down about 18% from its highs, we're seeing Filecoin individually outperform in the segment and looking to breakout into a recent high. In a classic equities market I would usually be much quicker to take my profits as equities don't usually see this much appreciation (unless we're talking penny stocks and high growth categories like software). In this case Filecoin is in the category of frontier technologies and the markets have not quite figured out how to price all of this yet. I think given the way the current broader market price action looks and the positioning of this technology, there is going to potentially be more trading upside. Now if the pullback on the rest of the crypto and Bitcoin markets become severe enough then that may be enough to pull down Filecoin with it. The trick for me here is to observe what tokens are individually performing against the rest of the market as this is signaling to perform further analysis on that specific token/company. Taking a further step back and analyzing the macro, we also seeing the dollar starting to rally here as yields become more attractive. I think if this macro picture continues it's path, then we may even see broader volatility across a broad spectrum of asset classes. Let's watch! @EnterpriseGuy
KRAKEN:FILUSDLong
by finvizclub
Filecoin (FIL) - March 9Hello? Dear traders, nice to meet you. "Like" is a huge force for me. By "following" you can always get new information quickly. Thank you for always supporting me. -------------------------------------------------- ----- We have to see if we can get support at 40.4627 and climb above 42.9236. If it falls, you need to make sure you get support in the 38.2383-40.4627 range. If you move down at 38.2383, you need a short stop loss. If it does not fall below the downtrend line, further gains are expected. It remains to be seen if the volatility around March 11 could move up along the uptrend line. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for the sake of convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on 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 segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. 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 do not trade 24 hours a day. G1: Closing price when closed G2: Cigar at the time of opening (Example) Gap (G1-G2)
by readCrypto
1
💡 It's a great buy opportunity in FILBTC @Filecoin @bitcoinTrading suggestion: . There is a possibility of temporary retracement to the suggested support line (0.0006860). If so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . FILBTC is in a downtrend that we assume will break up, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 42.27. Take Profits: TP1= @ 0.0007900 TP2= @ 0.0008690 TP3= @ 0.0009600 TP4= @ 0.0010300 TP5= @ 0.0011185 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Make sure to leave a comment. Let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
21
💡 It's a great buy opportunity in FILBTC @Filecoin @bitcoinTrading suggestion: . There is a possibility of temporary retracement to the suggested support line (0.0006860). If so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . FILBTC is in a downtrend that we assume will break up, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 42.27. Take Profits: TP1= @ 0.0007900 TP2= @ 0.0008690 TP3= @ 0.0009600 TP4= @ 0.0010300 TP5= @ 0.0011185 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Make sure to leave a comment. Let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
4