FILUSDTThe daily FILUSDT is currently on the lower edge of the accumulation wedge, with plenty of room to rise, even more so with the RSI indicating extreme exhaustion of selling forces.
If it breaks down, it will look for MM200 which will be a powerful support at $5,132
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Here are the supports and resistances on the M45 team:
Let's start with the support line:
6,002 / 5,846
Now let's move on to the resistance line:
6,188 / 6,335
RSI with exhaustion of selling forces, has plenty of energy for further upward movement.
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Filecoin is a decentralized platform for data storage. The Filecoin project was launched by technology company Protocol Labs, based in California, in 2014. The main objective of Filecoin is to create an efficient solution for data storage, based on IPFS (InterPlanetary File System) decentralized network protocols. The main idea is that its users install special software that allows you to store data on PC hardware. As a reward, users receive Filecoin.
FILUSDT
FILUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart.
Entry: market and lower
Targets: 7 - 9.5 - (~11.5)
after first target reached move ur stop to breakeven
Stop: ~2.8 (depending of ur risk). ALWAYS follow ur RM .
RR: 1 to 6
risk is justified
Good luck everyone!
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It's not financial advice.
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FIL ANALYSIS (30M)Hi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORTthe FIL symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
FILUSDTPERPThe comments and recommendations contained therein are based on the personal opinions of those who comment and advise. These views may not be appropriate for the financial statements and your risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not yield results that meet your expectations.
FILUSDT - SHORTFilecoin is one of the winners of this month. It had an impressive rally as soon as it broke MA233. In fact, not only was MA233 left behind but all moving averages. An impressive lesson offered by this pair: FILUSDT.
Currently, on this time-frame, we are approaching distribution.
Confluence, overbought + bearish divergence.
It's time for take profit and short.
FILUSD looks bullish againIn November 2022 we predicted that Filecoin will drop below 3 $:
Now, it's a time for an update and upside targets!
FILUSD looks pretty strong.
The price came back above the resistance which should be acting as a support now.
We may see a few days of consolidations above this key level (5$) which would be very bullish, however it would not be unexpected to see a rally continuation towards 8-9$. MACD indicator shows a positive momentum and it looks strong for bulls. Moreover, If the price breaks above this range, it can shoot up to 11 $ which would be our final target for this short-term trade.
Long-term the price may go much higher.
Good luck!
Filecoin ($FIL): Technical Analysis on Daily ChartHi everyone!
From a technical point of view, the trend on the daily chart is absolutely bearish, but at the same time, with the completion of the bearish impulsive structure (12345), I do not exclude the continuation of the corrective structure (bullish) in play. At the moment we do not have a confirmed bullish signal yet, but if in the short term we manage to trigger another bullish leg before the pullback, the trend could turn bullish again in the medium term. Technically speaking, in the short term, we have a support area around 7.26/6.66 and if $FIL is to turn bullish, it should be held.
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N.B.: Updates will follow below
Filcoin. Diamond pattern 2After breaking the lower support line in the diamond pattern and exiting the price from this pattern, a sell decision is issued. In such situations, you can open the shorts position. The price target after the pattern is broken from the bottom is the same as the highest to the lowest price within the pattern, but sometimes the price chart may see higher prices after the pattern is broken.
Filcoin. Diamond pattern Diamonds are a very deceptive pattern in addition to the cryptocurrency market. Sellers in this area are misled by the fact that this deception provides a lot of liquidity to institutions and major investors in the market. A diamond pattern is formed when it is broken, QMed (price engulfs it). That is, for example, H, L, HH, LL, HHH exist. In the diamond pattern, four in-gulfs occur, and in this way, the stops of 4 groups of traders are eaten and liquidity is created.The loss of users of digital currencies in the diamond pattern - Sellers on the ceiling, buyers on the floor, sellers on the ceiling, buyers on the line..