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Ochlokrat
22. Febr. 2024 23:46

Filecoin - Next Stop at $12 Long

Filecoin / United States DollarCoinbase

Beschreibung

Filecoin is moving upwards along with the entire cryptocurrency market. Not only that, but Filecoin has significantly outperformed many altcoins in recent days.
Is this the end of the rally? No, we do not believe so. Instead, we expect a soon-to-come surge to around $12. For a long entry, we will wait initially for the price to correct to approximately $7.08. This way, we optimize the risk-reward ratio for our trade. The hidden bullish divergence in the Accumulation Distribution indicator is very pronounced, indicating favorable chances for an imminent explosive surge.

Kommentar

Approaching entry zone

Trade ist aktiv

Now entering the trade as it is not sure whether the price will come down to our entry point.
RRR still above 2:1, so we do it :)

Kommentar

Should have followed the original idea. Never mind. We'll get profit anyway

Kommentar

After the sharp correction on 28th February, we completed an ABC correction pattern. Market moving upwards, so another Wave 3 is expected. Filecoin should reach around $10.20 soon

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Wave 3 is running as expected. Price should reach $10.20 soon, maybe tomorrow

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Still proceeding....

Trade geschlossen: Ziel wurde erreicht

FILUSD hit our TP last Friday.
Congrats to all traders!
Kommentare
TheCoinCowboy
If you zoom out to the weekly, you'll see a downward trend line on the candle wick tops, that nicely intersects with your yellow upward slope, at about $7.55. Volume is still surprisingly low causing a lot more volatility. Everyone seems to be running around UNI today.
kenneths
nice. check out the weekly chart, and measure😉
TrillionGBP
Corgi on FIL to 100M MC
TheCoinCowboy
On coinbase just now, someone has an order in for over 1.2 million FIL at a price of 8.42...follow the money!!!!!
shade4myshade
Next stop at $21 for me 🤷🏻‍♀️
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