💡 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
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FILBTC
FILBTC to pump in near-termFILBTC head & shoulders at base/bottom + double bottom.
FILUSD recently broke out of falling wedge. (1H)
Double bottom pattern might be arguable and not exact/accurate (around 200 pips in difference)
Already opened two long positions on last test of support at 0.00067
Filecoin, which works on top of the IPFS protocol, is still low marketcap for what it fundamentally is, so you know.
Knowing the current total storage space of the network is 1.000 petabytes or 1 billion gigabytes.
Trade 4 - FIL / BTCHi guys,
With the current market being bullish on BTC pairs i'm looking for ALTS bottomming, showing sings of reversal on 4H and 1D timeframes.
An example of this it's FIL, with a downtrend on the daily but signs of reversal on the 4H.
For bullish/reversal signs we got:
Double bottom on the 4H with RSI bullish divergence.
Price breaking through the Tenkan/kijun and the cloud with volume.
Bullish Tenkan/Kijun Cross.
Rsi down again to the 50's lvl.
Price retesting a daily resistence now turned as support.
Price retested the 0,5 fib level from the move up.
I think we could see a lower entry on the 6336 level that matches with the bottom of the cloud and the Kijun, but looking to the strong of the market right now i prefer to go in at this price. Another options is scale the position 50% now, 50% on that area.
Finally, we got two targets, both daily resistance.
FILUSDT - Double bottom 🔼FILUSDT is printing a double bottom trend reversal pattern.
Price brokeout above the trendline resistance.
RSI is printing a bullish divergence signal.
Buy entry ⬆️ - breakout above the double bottom neckline resistance.
Target 🎯 - resistance levels.
Setup invalidation ❌ - breakdown below the trendline support.
$FIL FileCoin Quick Analysis Overview ( @Filecoin )Hello there ladies and gentlemen, BulloTaurus here with a quick analysis for today .
Filecoin is a peer-to-peer network that stores files on the internet, with built-in economic incentives to ensure files are stored reliably over time.
I remember how hyped was Filecoin when it launched, a lot of profits were made when it found its top and it was in a downtrend till now.
Finally i can see some traction and seems like the downtrend is broken with huge volume.
Risk: 5
Reward:8
Peace.
🍌 Please read the description 1-2 times including the Disclaimer before commenting 🍌
P.S. You're awesome! You can't be successful in all your trades, 30-40% is already higher than average traders you see!
FIL / USDT breakout soon ?Fil / usdt
🌟 Quick analysis 🌟
After consolidation recently in traingle
Fil now is trading at 0.618 fibo support
Break out is expected to happen soon from that traingle ...wait for breakout directional for better entery
If it break upward the profit is easy up to 40%+
Good luck and happy trading 🌹
FIL FILECOIN Bullish Squeezing Hits 1 Exabyte of Storage FILUSDTFIL FILECOIN Bullish Squeezing Hits 1 Exabyte of Storage FILUSDT
GOOD NEWS ABOUT FILECOIN -
Filecoin CEO and founder Juan Benet reports the decentralized storage network hit 1 exabyte of capacity.
That's much higher than estimates of the size of the Netflix library.
The next step is getting applications to join the network.