FILUSDT
FileCoin Going To Teach A Brutal Lesson About Market CyclesFileCoin is such a dangerous investment right now, primarily because it has never completed a market cycle. Probably up around thrill at the moment. Could surge up to around 300 USD (maybe a bit higher) before beginning its long and painful journey backdown. I wouldn't touch this shit with a 20 foot pole right now. Smart traders will take profits soon, or might have to bail at a loss at $125 or $90.
FIL 1D Upward growth cannot be avoidedA year ago we made a forecast on FILUSDT where we estimated a possible bottom and buy zone.
It was good work then, and then we made a whole series of accurate forecasts for FILUSD
And all because it seems to us that there is a powerful MM sitting in the coin, which quite technically moves the price. Anyway, if you want to read about the project and our thoughts on it, all ideas are open in our search engine on tradingview.
And now to the current situation. It seems that now there is pro-trading and searching for the bottom, similar to last year.
The only question is: does the consolidation end now and the price goes up in the green fractal, or will it continue going through another month and enter the blue fractal?
It turns out that the first growth target for the FIL is around $80 , which is x2 of the current price.
The global growth target above the maximum price is around $370 (we don't take into account squeezes that took place at listing on many crypto exchanges in 2020)
Write your opinions about possible Filecoin token price movement in comments under the idea and share your charts.
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FileCoin Update: Getting Started to Recover the priceFIL just formed a falling wedge on the daily chart. I expect it to break the wedge upside and then breaking the long-term resistance which is overlapping the EMA50. After that I think it will reject the resistance at $53 and bounce back at $40 as a retest to the broken resistance (and EMA50 as well)
FILUSDT Analysis (LONGTERM)Hello friends.
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Everything on the chart.
open pos: market and lower
target: 110 - 170 - 230
after first target reached move ur stop to breakeven
stop: under 40 (depending of ur risk). ALWAYS follow ur RM .
riwk/reward: 1 to 14
risk is justified
Good luck everyone!
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It's not financial advice.
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Filecoin can pump up to 557% 🚀This coin has a good fundamental. If the bull run continues and #BTC record new #ATH #FIL has good upside potential.
DISCLAIMER: I am NOT a financial adviser. None of what I have communicated verbally or in writing here should be considered as financial advice; it is NOT. Do your own research(DYOR) before investing in any digital asset, and understand that investing in any cryptocurrency is risky. If you do, you need to be prepared to lose your entire investment.