FIL reaching top of the channel - breakout?BINANCE:FILUSDT FIL rallied up until beginning or April and we are still in correction phase.
But the trend will soon reach the upper channel border and then we will see ether a breakout or a dump.
Bollinger bands getting tighter but let's wait for the breakout and retest.
FIL
FIL is too good to be true, but I am a believer.FIL had crazy upside moves since the beginning of the bull run, but can it keep going over expectations?
I think so, the project is great, market cap is still low and the Volume is always huge.
I suggest investing no more than 3% on it, but is a great token to add to the risk basket, specially if we break that triangle.
filusdwe are having an over sold condition and making double bottom in the lower time as a sign of strenght you can buy now or wait for the broken of the trendline and enter
Please push **LIKE** to support idea , thanks
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FIL - 4h. Are buyers planning up to $238 again?The recent vertical rise in the FIL price began its correction after the test $238. This mark worked as an indicator for the beginning of active sales in the FILUSDT market. In a previous idea , we wrote that the global FIL price correction could last up to $93.
However, seeing how briskly buyers are trying to keep their trend and continue to grow without a protracted correction - we decided to update our scenario.
At the moment, buyers have managed to stop the fall in prices and consolidate above the range of $132-137. This range was able to stop for 3 days a powerful wave of growth, which buyers carried out at increased volumes:
Touching the range of $132-137 on small volumes on April 7, sellers showed a lack of strength to continue to put pressure on the price. Re-testing the mark of $160 at low volumes will give buyers confidence and increase their chances of breaking the range of $184-194.
The importance of this range is clearly visible in the 15-minute timeframe. The first local wave of FIL fall stopped in this range. Only after two retests of $ 184-194 from below sellers were able to continue to lower the price of FIL with a final target of $135.55:
Successful fixing of the price over the liquid zone of $184-194 will provide buyers with a second test of the historical maximum at $238.
An alternative scenario will take effect if the $ 160 mark is broken. In this case, sellers will have every chance not to stop in the range of $ 132-137 and update the local minimum with the first stop of $119. At the moment, the best option is to wait for either the test $160 or the FIL price fixation above $194.
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FIL/BTC Range Reaction off DemandBounce off of daily demand, clear S/R flip of the blue region, and volume increase on price increase.
If you did not buy at demand, then I would look to enter on a successful flip of the Orange Region (0.003). This is extra confirmation as bearish Market Structure will officially have been broken with the creation of a Higher high and eventually a Higher Low on the retest.
FIL Broke out from the Falling wedge!Here's a quick look at FIL 1 hr chart. As we can see the price had been oscillating in the falling wedge for some and broke to the upside. Now there is a new buy level shown in the chart. It might revisit previous ATH if it breaks out from the level shown in the chart.
The idea is: Buy the breakout from the level shown in the chart and sell at the target areas shown in the chart.
Targets:
1. 180$
2. 190$
3. 204$
Follow me for daily profitable trading setups
BTC dictates the market. If BTC goes down, then the alts will take a hit. Trade safe!
🆓Filecoin/USDT Analysis (9/4) #FIL $FILFIL has declined a lot from the peak at 230$ zone and now it is in accumulation phase to prepare for the new rally up to 280$ zone. But at the moment, the 160$ is very strong that I think it will push FIL down to 140$ zone again
📈BUY
-Buy: 133-140$. SL B
-Buy: 156-164$ if A. SL B
📉SELL
-Sell: 156-164$. SL A
-Sell: 176-184$. SL A
-Sell: 210-220$. SL A
-Sell: 270-280$. SL A
♻️BACK-UP
-Buy: 117-123$ if A. SL B
❓Details
Condition A : "If 12H candle closes ABOVE this zone"
Condition B : "If 12H candle closes BELOW this zone"
FIL Support testFilecoin has made some massive movements in the past few weeks!
Currently we have tested trend support and bounced right off.
the 100EMA has also been holding on for a few months now.
up-trend support and 100EMA looks to be a strong support cluster.
MACD is also looking to make a bullish crossing on the 4H.