FILUSD - Long - 1D - Sleeping Giant!
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FIL has a few bullish patterns, this is just one of them. I also see a Wyckoff accumulation happening that fil is set to explode out of any day now (assuming BTC/ETH can hold tread water in the meantime).
These are strong bullish patterns. This is a promising project and one of the few assets that have built out their own chain/protocol rather than relying on 3rd party chains. I believe if they stick to their roadmap and evolve with the times that they could eventually lower their correlation to the big caps. If that happens then this is where the big money will be made.
These are strong bullish patterns. This is a promising project and one of the few assets that have built out their own chain/protocol rather than relying on 3rd party chains. I believe if they stick to their roadmap and evolve with the times that they could eventually lower their correlation to the big caps. If that happens then this is where the big money will be made.
- [Breakout above the triangle needs a clear volume confirmation on candle closure]
[No stop loss needed on this one. FIL is at rock bottom of price discovery IMO.]
[First heavy resistance will be encountered around $128-132. I will post 25% of the long at this range]
[Long term investors that have the discipline to hold this play for many many months, possibly 1-2 years, can expect an eventual goal of the 1.618 fib retracement over $300. Swing traders will want to be out after bounce off of the 128-132 red line. Can buy back in at the bottom of that correction if you want to.]
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Update:If things stay the course over the next 1-3 days it looks like we might have a double bottom, which will help us out in a couple of ways.
The first being that it will provide us with an alternative, clear-cut confirmation if it breaks above the double bottom and comes back down to retest.
The second is that it will yet another bullish indicator FIL has in its corner which in turn will hopefully get as many people as possible on board for it's moon launch.
I haven't had the time to do a TA on Bitcoin yet, so I'll end with a reminder that for the time being FIL is heavily correlated to BTC. So always keep that in the back of your mind when planning ahead.
Anmerkung
Update:Open your long positions at ~$57
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Seeing as though there isn't much room for it to crash down any further... I will be keeping my open long positions until my profit marks are hit.
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