hi traders
Filecoin is not a very popular coin, but it will change soon.
Entry Zone: Current levels around $2.56 represent a strong accumulation area.
Pattern: Price has been consolidating within a long-term falling wedge, showing reduced volatility and volume compression – a classic setup for a breakout.
Upside Potential: A breakout from this structure could target the $8.30 and later $10.27 zone.
Final target: 13,400-14$
Psychological Factor: Market sentiment is still heavily bearish, which means buying now is buying cheap. Historically, such levels have preceded strong rallies.
Volume: Noticeable accumulation spikes suggest smart money interest.
Short-Term Path: Expect some sideways action and minor pullbacks before a potential sharp breakout.
Filecoin is severely undervalued at current levels and may surprise everyone in the coming months with a strong upside move. This is a high-risk/high-reward setup, but the risk/reward ratio is favorable for long-term investors and swing traders.
Filecoin is not a very popular coin, but it will change soon.
Entry Zone: Current levels around $2.56 represent a strong accumulation area.
Pattern: Price has been consolidating within a long-term falling wedge, showing reduced volatility and volume compression – a classic setup for a breakout.
Upside Potential: A breakout from this structure could target the $8.30 and later $10.27 zone.
Final target: 13,400-14$
Psychological Factor: Market sentiment is still heavily bearish, which means buying now is buying cheap. Historically, such levels have preceded strong rallies.
Volume: Noticeable accumulation spikes suggest smart money interest.
Short-Term Path: Expect some sideways action and minor pullbacks before a potential sharp breakout.
Filecoin is severely undervalued at current levels and may surprise everyone in the coming months with a strong upside move. This is a high-risk/high-reward setup, but the risk/reward ratio is favorable for long-term investors and swing traders.
💥 Free signals and ideas ➡ t.me/vfinvestment
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💥 Free signals and ideas ➡ t.me/vfinvestment
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.