Although FileCoin has other competitors in the field of decentralized storage networks, such as Siacoin ,Storj ,BTT, CHIA and.. but as one of the most complex opensuorce blockchain projects, it can continue its progress, Because the filecoin in field of decentralized storage networks is as important as the role of Ethereum as a platform for executing smart contracts, although both have serious competitors.
FileCoin also performed well in the previous recent bullish rally with a growth of about 1100% and, as expected, reached its price targets according to the past analysis.
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✅TECHNICAL ANALYSIS
As you can see in the weekly time frame for FIL/USDT, the price is trading around 56.90$ .
In the green areas, we saw the support of buyers and return of prices, and in this bullish candle, it is a sign that buyers are emerging. If it can break the downtrend, it will not have serious resistance in the short term up to about $ 70. And in the long run, by completing the pullback on the downward trendline or the first resistance area (red color area), first target is 100$ an then it can complete its uptrend , And by the end of the year, I'll expect to set new ATH records.
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💥(Anyway, my constant suggestion to my dear community is to buy step by step ( in a few steps) , With considering risk management , Because this crazy market is very volatile than you have never seen in any other markets .)
💫(also Following security measures is vital in cryptocurrency trading. Always remember that $100 worth of a token may become a fortune someday. So treat every penny with respect.)
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👉This analysis is my personal opinion and you are responsible for your own trades or invests.💯
🙏with Best Regards and successful trades❤️
💜 if you like my analysis, give a big thumbs 👍 and drop a comment
FileCoin also performed well in the previous recent bullish rally with a growth of about 1100% and, as expected, reached its price targets according to the past analysis.
--------------------------------------------------------------------------------------------------------------------
✅TECHNICAL ANALYSIS
As you can see in the weekly time frame for FIL/USDT, the price is trading around 56.90$ .
In the green areas, we saw the support of buyers and return of prices, and in this bullish candle, it is a sign that buyers are emerging. If it can break the downtrend, it will not have serious resistance in the short term up to about $ 70. And in the long run, by completing the pullback on the downward trendline or the first resistance area (red color area), first target is 100$ an then it can complete its uptrend , And by the end of the year, I'll expect to set new ATH records.
--------------------------------------------------------------------------------------------------------------------
💥(Anyway, my constant suggestion to my dear community is to buy step by step ( in a few steps) , With considering risk management , Because this crazy market is very volatile than you have never seen in any other markets .)
💫(also Following security measures is vital in cryptocurrency trading. Always remember that $100 worth of a token may become a fortune someday. So treat every penny with respect.)
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion and you are responsible for your own trades or invests.💯
🙏with Best Regards and successful trades❤️
💜 if you like my analysis, give a big thumbs 👍 and drop a comment
Operación activa:
Operación activa:
📉📈
❌❗Resistance: 70$
♻️Pivot: 43$
✅Support: 30$
💹❇️Entry trigger : weekly close above 45 $ and pullback on decline trend line (black dashed line )📉📈
❌❗Resistance: 70$
♻️Pivot: 43$
✅Support: 30$
💹❇️Entry trigger : weekly close above 45 $ and pullback on decline trend line (black dashed line )📉📈
Comentarios:
Logarithmic chart(weekly):
